Drafting a Compelling Motivation for the Remission and Reduction of Tax Penalties
Duration: 2 hours
Price: R195.00
Drafting a Compelling Motivation for the Remission and Reduction of Tax Penalties
Presenters : Adv Christel van Wyk
Overview
Taxpayers issued with penalty assessments face significant challenges in formulating compelling grounds of dispute or remittance. There are several types of penalties that may be imposed by SARS, and there is no one-size-fits-all solution to address them. Understatement penalties may be imposed for categories ranging from substantial understatement, no reasonable grounds for the tax position taken, gross negligence, and even intentional tax evasion.
This video provides an overview of the challenges around tax penalties imposed by SARS and assists in formulating compelling arguments, with reference to relevant case law and real-life examples, making it a highly practical session.
Video Content
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Different types of penalties imposed by SARS, such as:
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Understatement penalties and
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Under-estimation penalties
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Requirements for the imposition of each type
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Compelling grounds of dispute or remittance, including:
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Onus and other challenges
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Case law in point
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Real-life examples
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Competencies Developed
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Understanding different types of penalties imposed by SARS
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Dealing with penalty challenges, including those related to onus provisions
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Formulating compelling grounds of objection or a remittance request to address penalties
Related Webinars
2020 Tax Relief Measures during Covid-19: Practical Issues and Guidance on its Implementation - Free webinar
2020 Practical Q&A with Prof Jackie Arendse - Managing SARS penalties (session 3)