CORPORATE INCOME TAX

Do not fall on the wrong side of compliance

There has been a massive decrease in the payment of corporate tax since the Covid-19 pandemic became a reality in South Africa, and SARS has indicated that this is a cause for concern as it indicates non-compliance on the part of companies and employers alike. SARS will exercise their authority when it comes to revenue collection, and those who are non-compliant will face the full might of the law and risk incurring penalties and interest.