SARS issues further notice regarding penalties

In a recent notice to taxpayers, reference was made to a Fixed Amount Penalty relating specifically to instances of non-compliance due to tax returns that have not been submitted.

It is clear from this notice that SARS is paying increasing attention to the issue of outstanding tax returns, and are thus taking a hard-line approach, as the Tax Administration Laws Act entitles them to do.

Please don’t ignore this as it could result in expensive consequences.

Here’s the official notice: