Debate heats up over bona fide errors in new Sars tax draft

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<p><img src=”https://biz-file.com/c/2508/785477-240×135.jpg?5″ width=”240″ height=”135″ alt=”Source: Supplied. Joon Chong, Partner: Webber Wentzel.” align=”left”><br><span >Source: Supplied. Joon Chong, Partner: Webber Wentzel.&lt;/span><p>The draft Tax Administration Laws Amendment Bill is set to tighten Sars’ approach to tax penalties. Under the proposed changes, the “honest mistake” defence will apply only to significant underpayments, placing greater emphasis on the amount owed rather than taxpayer intent. This shift could see more taxpayers facing higher penalties for understated liabilities.</p><br> <a href=”https://www.bizcommunity.com/article/debate-heats-up-over-bona-fide-errors-in-new-sars-tax-draft-846033a”>Read more…</a> | <a href=”https://www.bizcommunity.com/Request/SendToEmailRedirect.aspx?ct=1&ci=260889″>Email</a></p><div style=”clear:left”></div>

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