Did you know that you can be fined or jailed for even the most minor tax mistakes?

Did you know that you can be fined or jailed for even the most minor tax mistakes?

Did you know that you can be fined or jailed for even the most minor tax mistakes? Sorry to say, but it’s true; It will not be sufficient for you as the taxpayer to claim a defence of ignorance any more. 

Please have a look at the list, familiarise yourself, and if you need any help whatsoever, please get in touch with us here at HW Accounting.

 According to Business Insider, these are the offences that could get you a criminal charge;

  • Failure to register for tax or to notify SARS of a change in registered particulars.
  • Failure to appoint a representative taxpayer or to notify SARS of a change in representative taxpayer.
  • Failure to register as a tax practitioner if required to do so.
  • Failure to submit a return or document to SARS or the failure to issue a document to a person as required under a tax Act.
  • Failure to retain records as required.
  • Failure to comply with a SARS directive.
  • Failure to furnish information or documents requested, excluding information requested for revenue estimations.
  • Failure to give evidence when required.
  • Failure to disclose to SARS material facts required.
  • Failure to comply with tax payments, including third-party payments.
  • Failure to comply with withholding tax obligations when required.
  • Failure to issue any employees’ tax certificates or to notify SARS of having ceased to be a registered employer.
  • Failure by an employer to deliver to any employee or former employee any employees’ tax certificate or notify SARS of having ceased to be a registered employer
  • Failure to submit provisional tax estimates.
  • Failure to comply with the payment of VAT on imported services and otherwise.
  • Failure to submit VAT returns and special records.
  • Failure to include VAT in the advertised or quoted price or failure to separately indicate the VAT exclusive price and the VAT inclusive price.
  • Failure to keep sufficient records as required.
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