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 percentage
• The 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