SARS to impose hefty penalties for companies that fail to submit income tax returns

By: ProBonoMatters As from December 2018, companies that fail to submit their income tax returns will be slapped with hefty penalties, ranging from R250 to R16 000 per month. That’s a warning issued by the South African Revenue Service (SARS) in an email message sent to tax payers. It suggests that SARS is tightening the … Read moreSARS to impose hefty penalties for companies that fail to submit income tax returns