Tax Administration
Effective resolution of SARS’ verification and requests for relevant material process
Duration: 2 hours
Price: R195.00
Title / Topic
Effective resolution of SARS’ verification and requests for relevant material process
Presenters : Lebo Motsumi-Nkoloti
Overview
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.
Video Content
- 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.
- Prescription:
- What is prescription?
- Extension of prescription due to failure to timeously respond to a request for relevant material.
Competencies developed in this video
- 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.