Surviving a SARS Audit
Presenters : Nico Theron
Overview
In this video, Nico Theron will lead an insightful discussion on how to successfully navigate a SARS audit by understanding the correct procedures and laws that back those practices up. Important subjects touched on include how to respond to identified errors, prescription and required document retention periods, as well as how to respond to the threat of an understatement penalty. Nico provides practical advice on how to present information to SARS in a manner that finalizes the audit as hassle-free as possible.
Video Content
Nico will touch on taxpayers’ rights during an audit and how infringements of these rights can be addressed. The fact that SARS can and indeed must conduct audits does not mean the taxpayer is completely vulnerable and simply at the mercy of the auditor.
Competencies developed in this video
After attending this video, you should be able to:
- Identify what SARS is asking of the taxpayer.
- Understand how to respond to queries to avoid unnecessary additional assessments.
- Understand taxpayers’ rights during an audit and how to address breaches of those rights.
Related Webinars
Can the OTO overturn a decision by SARS to disallow an application for the suspension of payment?
Lunch Hour Conversation with the Tax Ombud - Insights into OTO's Systemic Investigation