SARS To Take Action Against Tax Offenders

tax Offenders

Despite the fact that SARS has upheld their philosophy of education, service, and thereafter enforcement, they have noticed an increase in taxpayers not submitting their tax returns by the stipulated deadlines, and not settling their outstanding debt with SARS. This is not limited to the current tax year but includes substantial non-compliance across previous tax years.

It is for this reason that from October 2017 SARS will intensify criminal proceedings against tax offenders. Failure to submit the return(s) within the said period could result in:

Administrative penalties being imposed on a monthly basis per outstanding return.
Criminal prosecution resulting in imprisonment or a fine for each day that such default continues.

Share:

Facebook
Twitter
Pinterest
LinkedIn
On Key

Related Posts

South Africa’s Wealth Tax Debate

As South Africa grapples with a growing revenue shortfall, discussions around implementing a wealth tax have resurfaced, sparking renewed concerns among taxpayers, economists, and financial

Is Your NPO Organisation at Risk?

South Africa’s non-profit sector is facing a major shake-up, as more than 6,000 non-profit organisations (NPOs) have already been deregistered for failing to comply with

error: Content is protected !!