Overview

In this four-part series, Nico Theron will cover some of the most common areas of practice regulated by the Tax Administration Act (TAA).

In particular, the series will cover:

• How to make corrections to returns (both in favour of SARS and taxpayers).
• The imposition and remittance of penalties.
• How to draft an objection.
• How to apply for payment arrangements and debt compromises.

Part 1: Dealing with Tax Returns and Voluntary Disclosure

7 April 2022

Tax return corrections can either be required in favour of the taxpayer or in favour of SARS. When in favour of a taxpayer, the taxpayer is seeking a reduced assessment. When in favour of SARS, SARS should be issuing an additional assessment. In this webinar, Nico Theron will discuss:

• An overview of the remedies available to try and secure a reduced assessment.
• An overview of the voluntary disclosure programme when an assessment is understated to mitigate penalty exposure associated with additional assessments.

Outcomes:

After this session, you will be:

• Informed that errors on a tax return can be made in favour of the taxpayer and in favour of SARS.
• Competent in terms of the process to follow to correct the error (and that it depends on whether the error is in favour of the taxpayer or in favour of SARS).
• Informed, with a high-level insight, into the detail of the different procedures.

Click here to register for this session.

Part 2: Effectively Apply for Remission/Reduction of Tax Penalties and Interest

12 May 2022

A request for remission of penalties is not to be confused with an objection. In this session, Nico Theron will discuss:

• The types of penalties SARS may impose under the TAA.
• The procedure for remission and the circumstances under which SARS may grant remission.

Outcomes:

After this session, you will be:

• Informed about the TAA and that it makes provision for the imposition of different types of penalties.
• Competent to apply penalties, knowing under what circumstances which penalty may be imposed and how SARS must impose penalties.
• Knowledgeable about the circumstances under which SARS may remit the different types of penalties.
• Competent to apply the correct procedure to request remission of a penalty.

Click here to register for this session.

Part 3: Drafting SARS Objections and Appeals

7 June 2022

Drafting an objection is an art. Whilst the way in which an objection is drafted will be very much fact dependent, there are certain basic things that will always stay the same.

In this session, Nico Theron will provide some tips to consider when drafting an objection as well as explain what the minimum requirements are when drafting an objection.

Outcomes:

After this session, you will be:

• Informed that an objection must contain certain minimum prescribed information and detail.
• Competent on how to draft a good objection.

Click here to register for this session.

Part 4: Negotiating Tax Debt and Payment Arrangements with SARS

7 July 2022

Outstanding tax debts can have serious consequences for taxpayers if not settled timeously and in full. Full and immediate settlement of a tax debt is not always possible though. To this end, the TAA makes provision for taxpayers to enter into payment arrangements and to apply for a debt compromise. In this session, Nico Theron will discuss:

• The circumstances under which SARS may grant payment arrangements or enter into a compromise.
• How to apply for a payment arrangement or compromise.

Outcomes:

After this session, you will be:

• Informed about when SARS may enter into a payment arrangement.
• Competent to apply for a payment arrangement/compromise.
• Informed about when SARS may compromise a tax debt.

Click here to register for this session.

Presenter

Nico Theron

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

Nico is the founder of Unicus Tax Specialists SA, a niche tax advisory services firm that specialises in corporate tax and VAT, more specifically in the context of advance tax rulings, tax dispute resolution and voluntary disclosure program applications.