#WATCH I Understatement penalties can be severe as the South African Revenue Service (SARS) uses it to discourage taxpayers from under-declaring income or over-claiming expenses. These and late payment penalties often form the subject matter of a dispute with SARS.

Overview

Understatement penalties can be severe as the South African Revenue Service (SARS) uses it to discourage taxpayers from under-declaring income or over-claiming expenses. These and late payment penalties often form the subject matter of a dispute with SARS.

In this webinar Nico Theron CTA (SA), founder of Unicus Tax Specialists SA, will guide you through the process to understand the grounds on which a penalty has been imposed, if the taxpayer has room to request a remission, and what to do if there are no grounds to request a remission.

Webinar Content

• Understand the grounds for the imposition of penalties;
• Understand the grounds for the remission of these penalties; and
• Understand the appropriate procedure to follow when disputing these penalties.

Competencies developed in this webinar

• What the different types of penalties are that may be imposed by SARS under the TAA;
• When SARS can impose them;
• On what grounds they may be remitted;
• How to go about requesting remittance; and
• 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.