Understanding SARS Administrative Penalties – Ensure Compliance
Currently, SARS Administrative Penalties apply to non-submission of tax returns for:
- Individuals: Failing to submit an income tax return for any year from 2007 onwards (with one or more outstanding returns).
- Companies: Failing to submit a return after receiving a final demand from SARS for years ending from 2009 onwards and not submitting within 21 business days.
Penalty amounts and duration:
- A fixed amount is based on your taxable income, ranging from R250 to R16,000 per month of non-compliance.
- Penalties recur monthly for a maximum of 35 months.
- Each penalty has a unique transaction number.
Note: Penalty Statement of Account (APSA) is no longer sent automatically. You can request it through:
- eFiling for registered eFilers
- Calling the SARS Contact Centre
- Visiting a SARS branch (appointment required)
Disclaimer:
This information is for general guidance and does not constitute professional tax advice. Consult a qualified tax practitioner for personalized recommendations.
Additional Notes:
- Stay updated on tax regulations and penalty structure changes as they evolve.
- Utilize SARS eFiling for convenient and secure electronic submissions.
Avoiding Penalties:
- Submit your tax returns on time, even if you are disputing assessments or penalties.
- File electronically using SARS eFiling for efficient and secure submissions.
- Meet all statutory deadlines to avoid potential penalties and interest charges.
Seeking Assistance:
- Consult a qualified tax practitioner for personalized guidance and support in complying with tax obligations.
- They can help you navigate the Request for Remission, Appeal, and Objection processes if you need to challenge penalties or assessments.
Important Disclaimer:
- Tax professionals cannot guarantee SARS will waive penalties or interest.
Additional Notes:
- This guide provides general information, not professional tax advice. Consult a qualified practitioner for specific situations.
- Stay updated on changes in tax regulations and penalty structures, as they can evolve over time.