[World Tax News] South Africa start levying penalties for late submission of tax returns and more

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1. Administrative penalties for late submission of tax returns in South Africa

With effect from 01-12-2022, the South African Government starts levying administrative penalties for late submission of tax returns. The penalty will be charged when one or more tax returns for tax years beginning from 2007 are outstanding.

An administrative penalty is levied under Section 210 of the Tax Administration Act (TAA). The norms for levying penalties are as follows:

(a) Personal Income Tax Return

• • If two or more tax returns are outstanding for years commencing on or after 1st March 2006 but ending on or before 29th February 2020; and
  • One or more tax returns are outstanding for years commencing on or after 1st March 2020.

(b) Corporate Income Tax Return

• • If the company has failed to submit an income tax return for the year ending during 2009 and onwards; and
  • If the company fails to furnish a return of income within 21 days of the date of issuing the final demand.

The Administrative Penalty will range from R250 to R16000 (South African Rand) for each month for which non-compliance continues, subject to a maximum of 35 months.

Sources:
Administrative Penalty
South Africa Government Gazette number 45540

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