SARS Tax Penalties and Interest Assistance with Reduction or Waiving

Penalty and Interest

Irrespective of the mistake made by the taxpayer, SARS will levy penalties for non-compliance and, where tax is underestimated, or payment is late, SARS will also levy interest until the total underestimated/underpaid tax is paid in full.

Taxpayers can face a penalty up to 200% of the value of the tax payable and interest of approximately 10% per annum.