It is anticipated that individuals submitting 2022 ITR12 tax returns will face increased verification queries from SARS. In order to avoid an unnecessary verification and audit from SARS, tax practitioners must be diligent and ensure that taxpayers fully comply with the relevant tax law referred to in the tax return, and appreciate what documentary evidence is required to discharge the burden of proof placed on the taxpayer to substantiate information disclosed in the ITR12 tax return.
In this session, we will not deal with the filing of the return, but rather focus on the legal and practical understanding of the contents of the ITR12 return, what the various questions mean, and why SARS is asking them.
Please join us as we consider, inter alia, the following issues:
After this session, you will be: