SARS penalties and interest

Sars charges penalties and interest when payments are made late or returns are not submitted in time.

When a return is submitted late, a 10% penalty is charged immediately. Interest is then charged from the due date date of the return until the date the return is submitted on. This is also the case where a return is submitted, but the payment is not made by the due date.

Where tax returns are not submitted, SARS can issue admin penalties at R250 per return per month.

In certain circumstances, SARS will remit the penalties. In order for this to be successfully processed, a valid reason must be provided to SARS.

Contact us if your company has admin penalties that you want to dispute.