Understatement Penalties

Understatement Penalties Waived

SARS normally imposes understatement penalties following an audit. These penalties can be as high as 200% of the tax not paid (although in our experience, they are normally in the 25% to 150% region). This penalty is often financially debilitating. It may even threaten to close you down.

Whilst SARS does have a discretion to remit these penalties, their discretion is very limited. This limited discretion makes it difficult to get around the penalty.

However, our unique approach to combating understatement penalties has been hugely successful (100% success rate) and has been vented in litigation proceedings (pre-trial) against SARS. Our approach is almost certain to result in a complete waiver or substantial reduction of understatement penalties in almost any case. For our approach to work, however, you need to contact us as soon as possible. Preferably, from the first time SARS proposes such a penalty (typically when SARS issues their audit letter) if not sooner.

If you have a qualifying case we will work on a no success no fee basis, meaning, if we don’t get the penalty either waived or reduced, you don’t have to pay for our services. Our team of master tax practitioners, lawyers and ex-SARS auditors, lead by Nico Theron, author of a book on how to challenge SARS’ assessments and decisions, can take your case all the way to Tax Court.

Please complete the form below or contact us directly here if you are interested in making use of our services.

Kindly note that client acceptance is at our sole discretion.

Why Choose us:

We are expert tax specialists with a vast amount of experience. Our experience and tax exclusive policy places us the forefront of tax law. If you have a tax problem/issue, chances are we have dealt it before and know how to handle it to your best advantage.

Expert Tax Specialists

We do not do auditing, accounting or any type of work other than tax. We are truly specialised and indeed experts in the field of tax. If you need a true tax expert, we are the people to speak to.

Fast turnaround

One of our main drivers is to be efficient. Our experience places us in a position to provide high quality deliverables and faster turnaround times.

Proven Results - Success our top priority

Our aim is to avert or resolve a tax problem as quickly and as efficiently as possible