HomeHome SearchSearch MenuMenu Our productsOur products

Don't commit these six tax offences! They could land you jail for the next five years

by , 04 September 2014
If you're one of those business owners who assume committing a tax offence is a trivial issue because it'll only get you a meagre fine, you're wrong.

SARS doesn't want non-compliant taxpayers. And it's put in place penalties to act as a threat against noncompliance. One of these penalties is a criminal penalty.

In fact, if you commit any of the following tax offences, you won't get a meagre fine. You'll get five years in jail!


*********** Top rated product ***************
 
The Digital Practical Accountancy Guide has:

  • Instant updates
  • Quick and easy search functions
  • Useful printable templates, checklists and source documents

 

Click here for your special launch price of R1 597. That's a 20% saving!

*********************************************
 

According to the Practical Tax Loose Leaf Service, these six acts could land you in jail for five years


Tax offence #1: Trying to evade tax or helping someone else evade tax or get a refund that's not due.

Tax offence #2: Making or allowing any false statement or entry in your tax return or any other document you submit to SARS. Or signing a statement, return or other document you've submitted without reasonable grounds for believing them to be true.

Tax offence #3: Giving a false answer, either verbally or in writing when SARS asks you for information.

Tax offence #4: Preparing or keeping false books of account or other records or authorising someone else to falsify these books of account and other records.

Tax offence #5: Acting fraudulently or allowing someone else to be fraudulent.

Tax offence #6: Making any false statement to get a refund or a tax exemption.

As you can see, committing a tax offence is a serious issue. You can't assume you'll pay a fine and life will move on. You could get five years in jail, so NEVER commit any of these six tax offences. As a general rule, be honest with your tax affairs and submit your tax returns on time.

PS. Find out how to take the hassle out of tax, audit-proof your business and make the Receiver your friend!


Related articles




Related articles



Related Products



Comments
0 comments


Recommended for You 

  Quick Tax Solutions for Busy Taxpayers – 35 tax answers at a glance



Here are all the most interesting, thought-provoking and common tax questions
asked by our subscribers over the last tax year – everything from A to Z!

To download Quick Tax Solutions for Busy Taxpayers – 35 tax answers at a glance click here now >>>
  Employees always sick? How to stop it today



Make sure you develop a leave policy to regulate sick leave in your company.

BONUS! You'll find an example of the leave policy and procedure in this report.

To download Employees always sick? How to stop it today click here now >>>
  Absenteeism: Little known ways to reduce absenteeism



This FREE e-report will tell you how you can reduce absenteeism in your workplace while avoiding the CCMA and without infringing your employees' labour rights.

To download Absenteeism: Little known ways to reduce absenteeism click here now >>>
  7 Health & safety strategies to save you thousands



Don't let a health and safety incident cost you one more cent. Implement these seven
strategies in your company today.

To download 7 Health & safety strategies to save you thousands click here now >>>