bona fide inadvertent error

Proposal to Define “Bona Fide Inadvertent Error” in the Tax Administration Act

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The concept of a “bona fide inadvertent error” is a critical yet regrettably undefined term within the Tax Administration Act, No. 24 of 2011 (“TAA”). Section 222(1) of the TAA states that an understatement penalty is only applicable if the understatement does not arise from a “bona fide inadvertent error“.

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2025 South Africa VAT increase

2025 Budget 2.0: The VAT increase is dead, long live the VAT increase

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The shocks, surprises and shortfalls in the initial Budget that never saw the light of day on 19 February, made way for a reworked National Budget marked by cuts, compromises and curveballs. Although Finance Minister Enoch Godongwana’s first Budget attempt three weeks ago was unexpectedly stopped in its tracks, mainly because several partners in the […]

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SARS Debt Write-Offs

SARS Debt Write-Offs – The Gift that will Keep on Giving in 2025

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Break Tax Ties

Worried about your assets when you break tax ties with South Africa, here are some tips.

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SARS Brings the Heat This Festive Season: Tax Evasion Is No Holiday

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SARS’ Ongoing Efforts in Debt Collection and Dispute Resolution

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Crypto Tax Compliance: New Frontiers in Enforcement and Reporting for Taxpayers!

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SARS Voluntary Disclosure Programme Drives R3.3 Billion in Tax Collections

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