Practical Guidance: Tax Return Corrections, Objections and Voluntary Disclosure
Duration: 2 hours
Price: R195.00
Practical Guidance: Tax Return Corrections, Objections and Voluntary Disclosure
Presenters : Adv Christel van Wyk
Overview
Tax professionals play a crucial role in rectifying tax returns that require correction, clarifying clients’ tax positions, and disputing tax liabilities. It is of utmost importance that tax practitioners understand which remedy to use under various circumstances. Are you aware of the requirements for a VDP application, and do you know the case law available to support your submission? Making the right decision and following the correct procedural steps can be challenging.
In this video, Adv Christel van Wyk guides attendees on remedies and steps to follow to ensure objections and disclosures are accurately accepted by SARS in the most effective manner, thereby saving time and securing positive outcomes.
Video Content
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Corrections: Guidance on correcting tax return mistakes.
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Voluntary Disclosure Programme: Explanation of the requirements for a valid voluntary disclosure application.
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Requirements: Detailed criteria that must be met for each remedy.
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Case Law: Discussion of relevant case law to provide context and precedent.
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Practical Examples: Real-life scenarios to illustrate the application of each remedy.
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Objections: How and when to file an objection to a tax assessment.
This video aims to equip taxpayers and professionals with the knowledge and skills needed to navigate tax corrections, voluntary disclosures, and objections effectively.
Competencies Development
Viewers will develop competencies in:
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Understanding SARS’ practices in dealing with corrections.
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Knowing the requirements for a valid voluntary disclosure application.
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Determining when an objection is the appropriate course of action.
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Making informed decisions about choosing the appropriate remedy at the right time.