Penalties On Outstanding Corporate Income Tax Returns | 05 December 2018

Posted on: December 5th, 2018 by Francois Hagen

As of 7 December 2018, SARS will start imposing administrative penalties in respect of outstanding Corporate Income Tax Returns going as far back as the 2009 year of assessment. These penalties range from R250 to R16 000 per month, or part thereof, that the non-compliance continues. Critically, the penalty also applies to outstanding tax returns prior to 2018 in respect of dormant entities.

Prior to the publication of Government Notice 600 of 2018 in June this year, administrative penalties in respect of outstanding tax returns were limited to personal income tax returns.

Click here to read more

Comments are closed.

Subscribe to our Newsletters

Visit our subscription page to view the newsletters available. You can select any number of newsletters to subscribe to.

Subscribe

You have Successfully Subscribed!