Taxpayers and businesses are under increased pressure as a result of the economic downturn and impact of COVID-19. On the flip side, the South African Revenue Service (SARS) is also under pressure to meet targets. A possible outcome of this double-sided scenario is, according to experts, the potential for an increased number of tax disputes...
Most taxpayers know that the time periods that govern objections and appeals against assessments by SARS are very strict and, indeed, are very strictly applied by SARS. For example, a taxpayer must object and appeal within a prescribed time period. For the taxpayer, failing to comply with these time periods could have devastating consequences. The...
In a legal victory that could save companies time and possibly money, the high court in Pretoria affirmed Absa’s contention that it can bypass a mandated “protracted slog” through a dispute resolution mechanism to resolve a difference with the SA Revenue Service (Sars).Absa took two of the tax agency’s decisions directly on review before the...
