Relevance to Auditors, Independent Reviewers & Accountants:
The Income Tax Act is yet another piece of legislation that your clients must comply with, and which you must assess compliance with. If they don’t comply with the relevant laws and regulations, you have certain reporting obligations in terms of NOCLAR (NOn-Compliance with Laws And Regulations) – this could include reporting to management, qualifying your audit opinion, reporting a Reportable Irregularity, etc.
Individual taxpayers and trusts, must submit their 2025 income tax return to SARS before the relevant deadline date.
Tax practitioners should inform their tax clients of the penalties & interest that SARS will levy on late income tax return submissions.
Relevance to Your Clients:
Individual taxpayers and trusts, must submit their 2025 income tax return to SARS before the relevant deadline date.
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