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Penalty fee for late payment of tax?

Posted 24 February 2015 under Tax Q&A


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Please explain what charges are laid against someone for paying tax late?

This entry was posted in Tax Q&A and tagged , , . Bookmark the permalink.

TaxTim TaxTim says:
25 February 2015 at 6:00

You can be penalised R250 or more per month for each month the return is outstanding for your final return. If your actual tax is paid late then you will pay interest at around 7% on the monies owing.


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