Did you know that a significant number of individual taxpayers will be ‘Auto Assessed’ again this year. What does this mean?  ‘Auto Assessed’ means that SARS will submit a taxpayers return on their behalf if they have a basic tax return. This will be a tax return that has something as simple as an IRP5 and a medical aid or even retirement annuity. The question we get asked frequently is: “but

An Administrative Penalty (Admin Penalty) is a penalty levied under Section 210 of the Tax Administration Act (TAA). As at the 1st December 2021 SARS can raise penalties on late submission of tax returns. Currently the penalty is imposed in respect of the following: For individuals the penalty will be imposed where the taxpayer has failed to submit a return as and when required under the Income Tax Act for years of assessment