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Visit the national COVID-19 Online Resource and News Portal at www.sacoronavirus.co.za or see SARS COVID-19 news items and tax relief measures here.

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Customs and Excise

FAQ: Can a penalty be imposed by SARS if an asset was incorrectly valued by a taxpayer? If so, under which section of the Act?

Yes – section 222 of the Tax Administration Act, 2011. ​

Last Updated:

  • 25/02/2021
  • 11:10
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