TAX3704 Tax Administration (TAX3704)

TAX 3704 EXAM PREP NOTES 2022 TAX 3704 PRE-EXAM QUICKNOTES: Chapter 1: DEFINITIONS: • Assessment: determination of the amount of a tax liability or refund by way of self-assessment or an assessment done by SARS; • Biometric information: Biological data used to authenticate the identity of a person; includes: o Facial recognition o Fingerprint recognition o Iris or retina recognition o Voice recognition o Other, less intrusive data as may be prescribed by the Minister n a regula...

TAX3704_ ASSIGNMENT. TAX3704 - Tax Administration. SARS contacts you with a view to conduct a field audit in respect of one of your clients. Since you are well aware that SARS audits can sometimes be time consuming, there is ... (1) no reason to request written reasons from SARS until the finalisation of the audit. (2) reason to request information from SARS about the scope of the field audit (see chapter 5). (3) the possibility that if you pursue the fact that the constitutional rights of ...

TAX3704 Assignment 2 Memo. Tax Administration. SARS is mandated to collect tax revenues owing by a taxpayer in terms of an assessment. Although there are various remedies that the taxpayer can follow if they disagree with the assessment, SARS may require the taxpayer to pay the amount claimed by SARS regardless of the disagreement by the taxpayer. This stance is supported by the "pay now, argue later” principle where the payment of tax is not suspended pending an objection or an appeal, u...

TAX3704_ PORTFOLIO ASSIGNMENT 2 2021. Tax Administration. On 28 October 2014, the South African Revenue Service (SARS) released a guide on the rules promulgated in terms of section 103 of the Tax Administration Act No. 28 of 2011 (the TAA) dealing with the resolution of disputes in South Africa. The new Rules prescribe the procedures to be followed in respect of objections and appeals in respect of assessments or certain administrative decisions by SARS. The new Rules also deal with procedur...

TAX3704 - Tax Administration. A bogus financier was convicted of a tax offence in respect of a tax evasion scheme he had devised in his capacity as a financial advisor. SARS is of the opinion that it needs to advise the public of the ambit of the offence and to warn taxpayers of the consequences of participating in tax evasion schemes. A junior SARS official approaches you to enquire whether SARS may publish any particulars of the offence and under what circumstances it may do so. REQUIRED:...