SourceNews24, 06 Aug 2018

Failing to submit a tax return can result in a criminal record for non-compliant taxpayers. Last month SARS published the names of 10 offenders who failed to submit their returns and who now have criminal records.

If a taxpayer is subject to an audit, and SARS finds intentional evasion, then the taxpayer will be penalised in addition to the tax that is owed. Non-compliant taxpayers can be penalised up to 200% of the tax owed, and SARS has the option to imprison the offender up to a period of two years.

Instead of doing your own calculations, always have a professional check if you are unsure about possible errors. Once the action is identified as criminal, the matter will be referred to a SARS official dealing with criminal offences to separately investigate the criminal elements.

In a civil process, the onus is on the taxpayer to prove his / her case.

About Tax Risk Insurance

Make sure that your rights as a honest taxpayer are protected. Defending a SARS tax audit can be complicated and expensive. Tax risk insurance offers valuable protection to taxpayers who are selected for audit by SARS. Get covered by TaxAssist here!

 

 

086 147 3281 info@greatsoftfin.co.za