Overview

Understatement penalties were severe as the South African Revenue Service (SARS) used them to discourage taxpayers from under-declaring income or over-claiming expenses. These penalties, along with late payment penalties, often formed the subject matter of disputes with SARS.

In this webinar, Nico Theron CTA (SA), founder of Unicus Tax Specialists SA, guided participants through the process of understanding the grounds on which a penalty had been imposed, determining if the taxpayer had room to request a remission, and what to do if there were no grounds to request a remission.

Webinar Content

• Understood the grounds for the imposition of penalties
• Understood the grounds for the remission of these penalties
• Understood the appropriate procedure to follow when disputing these penalties

Competencies Developed in this Webinar

• Understood the different types of penalties that could be imposed by SARS under the TAA
• Learned when SARS could impose these penalties
• Identified the grounds on which these penalties could be remitted
• Learned how to request remittance of penalties
• Determined when to request remittance of penalties and when to object to penalties

Presenter

Nico Theron

CTA (SA), BCom Law (cum laude), BCom Honours Taxation, MCom Taxation (SA and International Tax).

Nico is the founder of Unicus Tax Specialists SA, Unicus Tax Academy, and the author of Lexis Nexis’ Practical Guide to Handling Tax Disputes. He is an industry recognised expert in tax dispute resolution, lecturing on tax dispute resolution at various universities across South Africa at postgraduate level and to other tax professionals in practice. Nico also has a 100% success rate in resolving tax disputes in favour of taxpayers through the objection and appeal remedy.

CPD

This event and successful completion of the online assessment will secure 2 hours verifiable output Tax CPD points per session.

Event Investment

Free for Tax Technicians, Tax Practitioner, Tax Accountant CPD subscribers and Practice Packages. Not a CPD subscriber yet? Click here to register now.

• Regular price: R495.00.
• SAIT member price: R395.00.
• Group price 1 (5 people max): R950.00.
• Group price 2 (10 people max): R1 800.00.
• Group price 3 (15 people max): R2 500.00.

Payments and cancellations

• All payments must be made by EFT or by credit card, at least three working days before commencement of an event.
• Kindly note that should payment not be received two days after the event, legal action will be taken.
• Proof of payment will be requested at registration if payment does not reflect in The Tax Faculty’s bank account.
• Only written notice of cancellation will be recognized.
• Conditions:
  • If the cancellation occurs more than four working days prior to the event no cancellation fee will be charged.
  • If the cancellation occurs less than four working days prior to the event, a 100% cancellation fee will apply.
• Delegates who book and fail to attend will be liable for the full event fee.
• The Tax Faculty’s liability in the case of an event being cancelled will be limited to a refund or credit of the event fee.
• Please click here for the full terms and conditions.