BGR Alluvium

EXPERIENCE THE DIFFERENCE

BGR Alluvium’s success can be attributed to the enthusiasm and interest in their clients’ activities, as well as the ability to deliver personal services on a professional level.

Over the years, BGR Alluvium has offered clients its adjustable structure of specialised knowledge. The fulfillment of client needs ensures that BGR Alluvium will go from strength to strength in the future.

This recipe for success has ensured that BGR Alluvium is currently one of the leading audit practices in South Africa.

IMPORTANT DATES

  • Our offices will close on 21 December 2018 for the festive season and re-open on 8 January 2019.

Administrative Penalties For Corporate Income Tax (CIT) To Be Imposed

SARS will be imposing administrative penalties from December 2018 for outstanding Corporate Income Tax (CIT) returns.

Administrative penalties will be imposed on companies that receive a final demand to submit a return. In terms of Section 210 of the Tax Administration Act of 2011, non-compliance with regards to non-submission of required CIT returns may be subjected to a penalty, as follows:

  1. If SARS is satisfied that noncompliance by a person referred to in subsection (2) exists, excluding the non-compliance referred to in section 213, SARS must impose the appropriate ‘penalty’ in accordance with the Table in section 211.
  2. Non-compliance is failure to comply with an obligation that is imposed by or under a tax Act and is listed in a public notice issued by the Commissioner, other than:
    (a) the failure to pay tax subject to a percentage based penalty under Part C; or
    (b) non-compliance subject to an understatement penalty under Chapter 16.

Please contact us for any assistance in this regard.

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