On 18 April 2018, South African Revenue Service (SARS) published a tax administration guide to understatement penalties under Chapter 16 of the Tax Administration Act 28 of 2011. The guide was first issued on 29 March 2018. The purpose of this guide is to assist people who use it to gain an understanding of the understatement penalties contained in Part A of Chapter 16 of the Tax Administration Act.
The guide does not address the exact technical and legal details that are often associated with taxes and therefore should not be used as a legal reference. It is not an “official publication” within the meaning of Section 1 of the Tax Administration Act, and therefore no general practice is established under Section 5 of the Law. It is also not a binding general decision under § 89 of the Tax Administration Act.
