There are no important tax deadlines for December, so we’ll be looking at some potentially great news for taxpayers.
SARS’ principle of “pay now, argue later” as applied to tax disputes has been a source of frustration and cash flow problems to taxpayers for years. Now, with luck, it could be repealed if new proposals from the Davis Tax Committee are adopted. We might also be the beneficiaries of a new “Taxpayer Bill of Rights” and the imposition of time limits on, for example, the finalisation of tax audits. Hold thumbs…
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