2022 Tax Debt Management Guide

19 May 2022
Accounting
South African Accounting Academy

The contents of this guide comprise:

Tax debt management
1. Debt due to SARS
2. Collection of tax from third parties
3. Assisting Foreign Governments
4. Write-off or compromise of tax debts
5. The “pay-now-argue-later” rule
6. Suspension of payment eFiling examples
7. Remedies to the taxpayer in circumstances where SARS does not follow the legislated process in raising and collecting tax debt
Annexure A – Case law
The powers of SARS to collect a tax debt
Collection of tax from third parties
The pay-now-argue-later rule

Click here to download the Guide:

https://saicawebprstorage.blob.core.windows.net/uploads/resources/2022_Tax_Debt_Management_Guide.pdf

Relevance to Auditors, Independent Reviewers & Accountants:

The Tax Administration Act is yet another piece of legislation that your clients should consider, so that they are aware of their rights and responsibilities with specific references to SARS’ powers.
As an auditor, independent reviewer, accountant or tax practitioners you need to be aware of the various provisions in terms of which SARS may raise a tax debt by assessment, including special circumstances allowing SARS to take steps to collect tax debt without informing the taxpayer
As a taxpayer, you should be aware of the remedies to the taxpayer that will be considered in circumstances where SARS does not follow the legislated process in raising and collecting tax debt.
This Guide will assist with the above.

Relevance to Your clients:

A taxpayer should be aware of the contents of the Tax Administration Act
As a taxpayer, you need to be aware of the various provisions in terms of which SARS may raise a tax debt by assessment, including special circumstances allowing SARS to take steps to collect tax debt without informing the taxpayer
As a taxpayer, you should also be aware of the remedies to the taxpayer that will be considered in circumstances where SARS does not follow the legislated process in raising and collecting tax debt.
This Guide will assist with the above.

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