R650.00 (VAT Incl.)
Level:
Business Professionals
Sub-level:
Taxation
Lecturer:
Biz Facility
Duration:
120 Minutes
Lesson Outline
The purpose of penalties under the TA Act is to encourage voluntary compliance and deter unwanted behavior such as non-compliance and tax evasion. A rational person will not undertake an activity that can lead to unnecessary penalties imposed.
Considering the massive rate at which a taxpayer is penalised, this course wishes to educate the learner on this very important part of tax administration and management.
Topics Discussed:
- An understatement
- The triggers
Prejudice to SARS or the fiscus
The shortfall
Bona Fide inadvertent error
Criteria for the determination of the penalty percentageThe listed behaviors
The standard
Reasonableness
Reasonable care not taken in completing return
No reasonable grounds for “tax position” taken
Gross negligence
Tax avoidance and evasion
Impermissible avoidance arrangement
Intentional tax evasion
Substantial understatement
The prescribed circumstances
Interest
Objection and Appeal
All Included:
Video presented course
Downloadable course material
Certificate of training
Assessment (optional)
SAIT Accredited - 4 Verifiable CPD Points