06 February 2018

South African Revenue Service issues draft guide on understatement penalties for public comment

The South African Revenue Service (SARS) issued a draft guide on January 22, on understatement penalties for public comment by February 12. The purpose of the guide is to provide taxpayers with an understanding of understatement penalties and their application.

A Global Tax Alert, attached below, provides additional details.

———————————————
ATTACHMENT

Full text of Tax Alert 2018-0267

Document ID: 2018-0267