Tag Archives: admin penalty on tax returns

How to claim your VAT Refund?

Admin Penalty on Tax Returns

An admin penalty on tax returns is incurred when you do not meet various requirements. The admin penalty is currently only collected for the late submissions of tax returns or no submissions at all.The admin penalty consists fixed amount penalties and a percentage based penalty. The penalty amount that will be charged depends on your taxable income. It can range from R250 up tp R16000 a month for each month that the non-compliance continues. What if you don’t agree with the Admin Penalty on tax…

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