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Taxpayers are absolved of the tax liability if the withholding agent is liable to withhold.
In terms of section 171 of the Tax Administration Act proceedings for the recovery of tax can be initiated during what period from the date of the assessment of tax or the date that a decision has been made giving rise to a tax liability, or when a liability becomes final?
If an amount has been objected against, payment is only due once the outcome of the objective has been determined.
When can a suspension of payment be revoked?
SARS can revoke a payment arrangement (entered into in terms of section 168) if they believe collection to be in jeopardy.
How long does a taxpayer have to object against an instruction to a 3rd party to collect outstanding tax debt in terms of section 179 of the Tax Administration Act?
Only businesses with gross income of less than R100 million can apply for the special COVID-19 Instalment Payment Arrangement relief offered by SARS.
A taxpayer seeking the compromise of tax debt, will not be awarded/allowed if a previous compromise was allowed / awarded during which period?
Interest on a tax debt or refund is compounded daily.
ABC (Pty) Ltd has a year of assessment ending on 29 February 2020. What would be the effective date related to interest for purposes of its 2020 year of assessment (from an Income Tax perspective)?