#WATCH I When the South African Revenue Service (SARS) requests relevant material during a verification process there are generally common issues that must be considered. These include legal privilege, record retention obligations and prescription.
We will provide practical guidelines from a legal and audit perspective that will help you to appropriately respond to verification requests or requests for relevant material. The guidance is based on real-life cases.
- Requests for relevant material:
- What constitutes “relevant material”?
- Common problems arising and practical solutions to respond appropriately.
- Legal privilege:
- When is a document privileged?
- How to assert privilege (section 42A of the TAA).
- Practical steps to protect privilege.
- Record retention:
- What records must the taxpayer retain?
- Record retention period.
- How to respond to a SARS request for records outside of the record retention period.
- What is prescription?
- Extension of prescription due to failure to timeously respond to a request for relevant material.
Competencies developed in this webinar
After attending this webinar you will be:
- Ability to identify when information requested is irrelevant for purposes of the administration of a tax act.
- Ability to identify documents protected by legal privilege, as well as the ability to put measures in place to protect privilege.
- Appropriate responses when Sars requests information that falls outside the record retention period.
Lebo Motsumi Nkoloti
Lebo is a senior associate in Bowmans’ Johannesburg Tax Practice. She has corporate and international tax experience and has worked in both a legal and audit environment.
Lebo has a keen interest in tax dispute resolution and has experience in litigating and settling tax disputes across all tax types. Lebo regularly engages with SARS on behalf of clients and plays a key role in the resolution of disputes with SARS. As part of her practice, Lebo also assists clients with developing and implementing procedures which assist clients to proactively manage the risks related to complying with tax requirements.
Lebo has BA and LLB degrees from Rhodes University, an LLM specialising in Commercial Law from the University of Cape Town, a Postgraduate Diploma in International Tax and a Master of Commerce in South African and International Tax from the University of Johannesburg.
This event and successful completion of the online assessment will secure 2 hours verifiable output Tax CPD points.
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.
- 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.