What the ConCourt has to say about understatement penalties

November 15, 2024 By: 0 comments

<p><img src=”https://biz-file.com/c/2411/757699-208×117.jpg?2″ width=”208″ height=”117″ alt=”Image source: Nataliya Vaitkevich from” align=”left”><br><span >Image source: Nataliya Vaitkevich from [[https://www.pexels.com Pexels]]&lt;/span><p>For years, the South African Revenue Service (Sars) has taken a strict view of what constitutes a “<i>bona fide</I> inadvertent error” – a golden ticket that allows taxpayers to avoid understatement penalties ranging from 10% to 200% of the tax shortfall.</p><br> <a href=”https://www.bizcommunity.com/article/what-the-concourt-has-to-say-about-understatement-penalties-477369a”>Read more…</a> | <a href=”https://www.bizcommunity.com/Request/SendToEmailRedirect.aspx?ct=1&ci=253435″>Send to a friend</a></p><div style=”clear:left”></div>