
SARS: Almost 100% of its auto assessments are accurate
Tax practitioners say the headline statistic may obscure the true extent of incomplete auto assessments.
Tax practitioners say the headline statistic may obscure the true extent of incomplete auto assessments.
Low-income earners fear being ignored, while high-income earners and large businesses find the police to be inefficient.
Expert legal interpretations, even if contrary to SARS’s stance, may not automatically result in understatement penalties.
An Interpretation Note provides clear guidelines on when a practitioner can be prohibited from registering or deregistered due to non-compliance.
The tax fraternity is concerned about the apparent ease with which scamsters can bypass SARS’s security protocols.
SARS responds to reports of hackers accessing practitioners’ eFiling profiles, removing clients, and changing banking details.
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