CLEAR YOUR CACHE OR, POTENTIALLY, PAY SARS THE CASH?
Author: Nico Theron (CTA) SA and Hopolang Mollo (Tax Consultant) Can SARS take collection steps against taxpayers who are victims of fraud? Prevention is better than cure. Maybe, just maybe, that riveting animated training course sent through by Mark from IT on phishing and vigilance against official impersonation may have prevented all of this. Hindsight, […]
2024 Proposed Tax Challenge Discussion
The 2024 round of tax amendments have been published. Included this year are proposed amendments in the TAA space as follows: Check out Nico’s short explainer video here.
ABSA OPENS WAY TO AVOID TAX TIFF SLOG
In a legal victory that could save companies time and possibly money, the high court in Pretoria affirmed Absa’s contention that it can bypass a mandated “protracted slog” through a dispute resolution mechanism to resolve a difference with the SA Revenue Service (Sars). Absa took two of the tax agency’s decisions directly on review before […]
SARS UNDERTAKES TO COMPLY WITH THE RULES – SOMETIMES?
SARS today released its latest service charter. In it, SARS states that they will do certain things within certain time periods, for example: payout refunds within 72 hours in 90% of cases under certain circumstances; conclude audits within 90 business days in 90% of cases in certain circumstances; and make a decision on a request […]
SARS, LIKE TAXPAYERS, MUST COMPLY WITH SPECIFIED TIME PERIODS
Most taxpayers know that the time periods that govern objections and appeals against assessments by SARS are very strict and, indeed, are very strictly applied by SARS. For example, a taxpayer must object and appeal within a prescribed time period. For the taxpayer, failing to comply with these time periods could have devastating consequences. The […]
CLARITY FOR TAXPAYERS ON TAX DISPUTE RESOLUTION
Taxpayers and businesses are under increased pressure as a result of the economic downturn and impact of COVID-19. On the flip side, the South African Revenue Service (SARS) is also under pressure to meet targets. A possible outcome of this double-sided scenario is, according to experts, the potential for an increased number of tax disputes […]