What does it mean to receive a penalty?

Posted 6 November 2012 under Tax Q&A
What does it mean to receive a penalty?

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TaxTim TaxTim says:
30 October 2012 at 15:56

Receiving a penalty usually means you have not submitted your previous returns on time and therefore SARS will issue you with an administrative penalty. You should quickly submit your returns to avoid more penalties and interest being charged on it as well.





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