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What penalties will I incur if I do not pay my donations tax within the three month deadline?



Piet says:
17 February 2016 at 14:14

What penalties will I incur if I do not pay my donations tax within the three month deadline? Is there a way around incurring any penalties if I was not aware of this deadline?

TaxTim TaxTim says:
17 February 2016 at 14:33

You would need to speak to SARS and ask them to reverse the penalties if they imposed them and provide details - assuming they do impose the penalty.

Piet says:
17 February 2016 at 14:55

Thanks for your answer. Just one thing : if the penalties are imposed how are they calculated?

TaxTim TaxTim says:
17 February 2016 at 15:03

Have they imposed any penalties yet?

Piet says:
18 February 2016 at 12:19

Not yet - it is merely an enquiry as this is the first tax year that I need to do this on behalf of my mom and we are going to be late with the payment!

TaxTim TaxTim says:
18 February 2016 at 13:56

It has not been SARS practice from what we can tell to penalise and if they do you can request to have this reversed if the reasons are valid.

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