Tax Administration Act, 2011 (Act No. 28 of 2011)
Incidences of Non-Compliance by a Person in terms of Section 210(2) of the Tax Administration Act, 2011 (Act No. 28 of 2011) that are subject to a Fixed Amount Penalty in accordance with Section 210(1) and 211 of that Act
2. Incidences subject to fixed amount penalty
|(2.1)||Failure by a reporting financial institution to submit a return by the date of this notice or the date for submitting the return under Public Notice 509, whichever is the later;|
|(2.2)||Failure to remedy the partial or non -implementation of a due diligence requirement under the FATCA international tax agreement within 60 days of the notification by SARS of the partial or non-implementation of the requirement; or|
|(2.3)||Failure to remedy a minor error or an incidence of significant non-compliance referred to in Article 5 of the FATCA international tax agreement within 60 days of the notification by SARS of the minor error or non-compliance.|
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