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Tax Administration Act, 2011 (Act No. 28 of 2011)

Chapter 16 : Understatement Penalty

Part B : Voluntary disclosure programme

225. Definitions


In this Part, unless the context indicates otherwise, the following term, if in single quotation marks, has the following meaning:



means the submission of inaccurate or incomplete information to SARS, or the failure to submit information or the adoption of a "tax position", where such submission, non-submission, or adoption resulted in an understatement

[Definition substituted by section 64 of the Tax Administration Laws Amendment Act, 2015 (Act No. 23 of 2015)]