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TAX2601-25-S2

TAX2601-25-S2

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In dealing with an objection to an assessment, business day is defined as?

Any day other than a Saturday, Sunday and public holiday, and for purposes of 'dispute resolution' it also excludes the days from 16 December to 15 January of the next year.

✅

Any day other than a public holiday.

❌

Any day other than a Saturday, Sunday and public holiday, and for purposes of 'dispute resolution' it also excludes the days from 25 December to 1 January of the next year.

❌

Any day including a Saturday, Sunday and public holiday.

❌

Any day other than a Sunday and public holiday.

❌

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Which of the following is TRUE with regards to Alternative Dispute Resolution?

If the ADR process is terminated without settlement or resolution, the taxpayer has 30 days to decide whether to continue with the appeal to either the Tax Board or the Tax Court.

To settle means that SARS and the taxpayer agree to disagree on the tax in dispute.

Any outstanding tax owing by the taxpayer on the assessment in dispute need not be settled while the assessment is under in the ADR process.

If the parties reach an agreement, SARS must issue an assessment within 45 days of the settlement.

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A Tax Court case is reported as: ITC 1843 (2010) 72 SATC 229.

Which of the following statements are correct?

The case was published in 2010 in Volume 72 on page 229 of the South African Tax Court Cases Reports.

The taxpayer submitted the appeal in 2010 and the case was eventually published in Volume 72 on page 229 of the South African Tax Court Cases Reports.

The case was published in 2010 in Volume 229 on page 72 of the South African Tax Court Cases Reports.

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According to the ITA34 issued by SARS for the current year of assessment, Bhekisizwe (Pty) Ltd owes SARS R30 000. The company does not agree with the assessment and has lodged an objection which is ongoing. The amount reflected in the assessment is now due for payment. What should the company do?

Pay the R30 000 which is reflected on the assessment.

Wait for SARS to finalise the objection process before paying anything.

Pay SARS half of the R30 000 and wait for the objection process to be finalised.

Pay the amount that the company believes is the correct one.

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Which of the following actions will NOT result in the taxpayer incurring administrative non-compliance penalties?

Default in rendering a return

Omission from a return

An 'impermissible avoidance arrangement'

Failure to submit the ADR2 form when appealing against a disallowed objection.

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In South Africa, taxpayers are taxed on a residence basis of taxation. This means that persons who are________________