Joon Chong,Webber Wentzel
By Joon Chong, Partner, Tax Practice and Hillary Botha, Candidate Attorney at Webber Wentzel
The Tax Court handed down judgement on 18 August 2017 in the case of ABC Proprietary Limited v C: SARS. The case primarily deals with understatement penalties in respect of both Value-Added Tax (VAT) and income tax defaults, in terms of section 222(1) the Tax Administration Act, 2011 (TAA). The case was an appeal by ABC Proprietary Limited (Taxpayer) in terms of which they wished to challenge the levying of understatement penalties by SARS in respect of income tax and VAT defaults for the 2011 to 2014 years of assessment. (more…)
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