The 2020 Budget Speech

by | Mar 1, 2020 | Commercial law, News, Tax law

Finance Minister Tito Mboweni delivered his budget speech on 26 February 2020 painting a rather bleak view of the current and future economic climate in South Africa. With inflation and our budget deficit said to increase at a remarkable rate in comparison to economic...

What is a bona fide inadvertent error?

by | Nov 13, 2017 | Publications, Tax law

Section 222 (1) of the Tax Administration Act (the “TTA”) provides that where there has been an understatement, the taxpayer must pay the understatement penalty determined unless the understatement resulted from a bona fide inadvertent error. In terms of Section 221,...