Compromise and Deferment of Arrears Taxes

*Please note that this course is based on South African Tax*

Do you know how to approach SARS, to enter into an agreement for a tax reduction or writing off of outstanding taxes?

Do you know that installment payments can be arranged with SARS for long overdue taxes?

Have you failed to submit returns in time, and need to lodge a Notice of Objection or Appeal?

Join our discussion on the Compromise and Deferment of Arrears Taxes to explore practical strategies for reducing or delaying tax liabilities.

Learn about eligibility, application processes, and key considerations for managing tax debt effectively.

Topics Discussed:

• Current income tax legislation regarding interest and penalties

• Disputing an invalid assessment raised

• Who qualifies for a payment compromise and how does one apply

• Applying for a payment arrangement – the process and the criteria to be met

• Legislation surrounding and practical application of applying for a waiver of Interest and Penalties

About the presenter:

Galanies Vonofakidis

Galanies presently serves as the Tax Team Manager at Finsolve Accounting and Taxation Solutions in Durbanville. She is currently pursuing her B-Compt in Financial Accounting at UNISA, with a cumulative experience of three years in the accounting industry.

Galanies is proficient in bookkeeping, completion of VAT returns, generation of management reports, and payroll management. She is presently engaged in a taxation role and is enthusiastic about sharing her knowledge through upcoming webinars!