Provisional Tax & Penalties
Provisional taxpayers are often penalised by SARS, not because the provisional tax was paid late, but as a result of the underpayment of provisional tax due to an underestimation. In this webinar, we will revisit the law relevant to provisional taxpayers and the payment of provisional tax. The webinar will specifically deal with how the estimate of taxable income must be made and the relevance of the ‘basic amount’ in this respect. The presenter will then specifically explain when SARS can, or must, levy the estimation penalty, and the remedies that are available to the provisional taxpayer to have the penalty remitted. The final issue will relate to interest where the additional payment was not made by the provisional taxpayer.
In this webinar the following questions will be answered:
Piet Nel - CA(SA)
Piet Nel is a CA (SA) who specializes in taxation. Recently, he was involved at the Tax Faculty, a training leg of the SA Institute of Tax Professionals (SAIT). He is a visiting professor at Wits and was previously a lecturer in tax at UNISA and the University of Pretoria at postgraduate level.
This webinar and successful completion of the online assessment will secure 2 hours verifiable output TAXCPD points/units.
Free for General Tax Practitioner and Tax Accountant subscribers. (Not yet a subscriber? Please click here for more information).
Other member: R475.00
Company price: R950.00
Please note the company price applies whenever more than one person will be watching a webinar concurrently from one connection, e.g. if a group is watching the webinar together in a boardroom.
Payments & Cancellations:
The following venues and dates are available for this event.