Tax Administration Part 4C Understatement Penalties
Duration: 0.5 hour
Price: R49.00
Title / Topic
Tax Administration Part 4C Understatement Penalties
Presenters : Prof. Jackie Arendse
This series of videos covers the main aspects of the Tax Administration Act and the general tax administration provisions that have to be managed by taxpayers and tax practitioners.
Tax Administration Part 4C Understatement Penalties
The Tax Administration Act (TAA) provides for various sanctions for non-compliance, as a means to discourage non-compliance and thereby improve tax collections. This video explains the understatement penalty that is covered in Chapter 16 of the Tax Administration Act, including the steps that should be taken if a taxpayer disagrees with an understatement penalty hat has been levied by SARS.