Any late payments will incur penalties and interest as SARS is buckling down even more on tax non-compliance. To avoid hefty penalties and SARS attaching your assets to recover unpaid tax debt, it is imperative to ensure your tax compliance by submitting your returns timeously and accurately.
Now is not the time to take risks when it comes to submitting your VAT returns. SARS has upped its collection power to offset a massive budget deficit with aggressive collection steps. This approach clearly shows you are dealing with a competent revenue authority. If you have outstanding tax returns, practice prudence by engaging with SARS before they come knocking on your door.
Our multidisciplinary team of highly qualified tax attorneys and chartered accountants will be able to assist you in the process of submitting your VAT returns and ensure full compliance. Any information shared with our tax attorneys will be protected by legal privilege.