Understatement

  • SARS Tightens the Net

    The removal of the bona fide inadvertent error defence and what it means for taxpayers On 1 April 2026, the Tax Administration Laws Amendment Act 4 of 2026 came into effect, introducing material changes to the understatement penalty regime administered by the South African Revenue Service (SARS). For taxpayers and their advisors, one consequence of…