2-Part Webinar Series: Managing Your Company’s Tax Assessment
Have you recently submitted your ITR14 Company Tax Return and received a SARS verification letter?
Understanding and effectively managing the tax assessment process is critical to minimising risk and avoiding unnecessary disputes with SARS.
This 2-part webinar series is designed to provide practical insights and actionable guidance to help you navigate SARS verifications and assessments with confidence.
Webinar series outline:
Part 1: Managing SARS verification letter
Key topics include:
- The tax assessment process explained.
- Request for correction – when and how to apply.
- Purpose and implications of a SARS verification letter.
- Defining “relevant material” and record-keeping obligations.
- Timelines for response and best practices for submissions.
- Consequences of non-compliance.
Part 2: Responding to Additional or Estimated Assessments
Key topics include:
- When SARS may issue a reduced, additional, jeopardy, or estimated assessment (including prescription periods).
- Understanding penalties under the Tax Administration Act – and how to prevent or remit them.
- The dispute resolution process: requests for reason, objections, and appeals.
- Practical tips for managing SARS assessments effectively.
This webinar serves as a valuable follow-on from our “Practical Walk-through of the ITR14 Company Tax Return” webinar which is available on-demand.