Resources On-Demand

Tax Administration 2022: Negotiating Tax Debt and Payment Arrangements with SARS

This webinar on demand is part of a series of webinars. Click here to read more

Overview

In this four-part series, Nico Theron will cover some of the most common areas of practice regulated by the Tax Administration Act (TAA).

In particular, the series will cover:

• How to make corrections to returns (both in favour of SARS and taxpayers).
• The imposition and remittance of penalties.
• How to draft an objection.
• How to apply for payment arrangements and debt compromises.

Negotiating Tax Debt and Payment Arrangements with SARS (Part 4) 

Outstanding tax debts can have serious consequences for taxpayers if not settled timeously and in full. Full and immediate settlement of a tax debt is not always possible though. To this end, the TAA makes provision for taxpayers to enter into payment arrangements and to apply for a debt compromise. In this session, Nico Theron will discuss:

• The circumstances under which SARS may grant payment arrangements or enter into a compromise.
• How to apply for a payment arrangement or compromise.

Competencies developed in this CPD

• Updated with important and current changes in tax legislation and SARS practice – for example, when SARS may enter into a payment arrangement.
• Competent to apply for a payment arragement/compromise.      
• Able to advise clients about when SARS may compromise a tax debt.