Negotiating Tax Debt and Payment Arrangements with SARS

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.

Negotiating Tax Debt and Payment Arrangements with SARS (Part 4) 

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.

Competencies developed in this CPD

• Updated with important and current changes in tax legislation and SARS practice – for example, when SARS may enter into a payment arrangement.
• Competent to apply for a payment arragement/compromise.      
• Able to advise clients about when SARS may compromise a tax debt.

This Tax Administration Series consists of four parts (each webinar can be attended independently):

Part 1: Dealing with Tax Returns and Voluntary Disclosure
7 April 2022 | Click here to read more.

Part 2: Effectively Apply for Remission/Reduction of Tax Penalties and Interest
12 May 2022 | Click here to read more.

Part 3: Drafting SARS Objections and Appeals
7 June 2022 | Click here to read more.

Click here to view the full series.

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.

CPD

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

Event Investment

CPD subscribers: Free for all 2022 CPD subscribers.

Regular price: R495.00

SAIT member: R395.00

Group price 1 (max 5 people): R950.00

Group price 2 (max 10 people): R1 800.00

Group price 3 (max 15 people): R2 500.00

Payments and cancellations

• All payments must be made by EFT or by credit card, at least 3 working days before commencement of an event.
• Kindly note that should payment not been received 2 days after the event, legal action will be taken
• Proof of payment will be requested at registration if payment at that point in time has not been reflected on the Tax Faculty's bank account.
• Only written notice of cancellation will be recognised.
• Cancellation conditions:
  • If the cancellation occurs more than 4 working days prior to the event no cancellation fee will be charged.
  • If the cancellation occurs less than 4 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.