Last Updated on September 21, 2023 by ufiling
Remission of penalties and interest refers to a process where the South African Revenue Service (SARS) grants relief to taxpayers by waiving or reducing penalties and interest charges associated with tax obligations. SARS recognizes that taxpayers may face genuine circumstances that prevent them from meeting their tax obligations on time or result in unintentional errors. In such cases, the remission of penalties and interest aims to provide relief and encourage compliance.
The remission process is governed by the Tax Administration Act, 2011, and SARS has the discretionary power to grant relief based on the merits of each case. Taxpayers can apply for remission of penalties and interest by submitting a request to SARS, providing a detailed explanation of the circumstances that led to the non-compliance or errors. It is crucial to include all relevant supporting documentation to strengthen the case.
SARS will assess the application on its individual merits, taking into account factors such as the taxpayer’s compliance history, the reasonableness of the explanation provided, the efforts made to rectify the situation, and any other relevant circumstances. SARS aims to strike a balance between ensuring compliance and supporting taxpayers who genuinely require relief.
It’s important to note that remission is not automatically granted, and each case is evaluated on its own merits. SARS may deny an application for remission if it deems the circumstances to be insufficiently compelling or if it finds evidence of intentional non-compliance or fraudulent activity. However, SARS encourages taxpayers to engage in open communication and submit applications for remission if they believe they have a valid case.
It is recommended for taxpayers to seek professional tax advice or consult SARS directly to understand the specific requirements and procedures for applying for remission of penalties and interest. SARS may provide additional guidance or clarification on the process to ensure that taxpayers are well-informed and have the best chance of obtaining relief.
Top 15 Online Courses and Degrees to improve your employability
Technology and Computer Science Online Courses and Online degrees:
– Computer Science 101 Online Course from Stanford University through edX is a beginner-friendly course that introduces the core concepts of Computer Science, available for free with an option for certification for a fee.
– Programming for Everybody Online degree — Getting Started with Python** by the University of Michigan on Coursera is intended as an entry-level coding class, freely accessible with an optional paid certificate.
Web Development: Online Courses and Online degrees
– Introduction to HTML offered by Codecademy covers HTML basics for free, with advanced options available through paid upgrades.
– Dash by General Assembly is a free course that teaches HTML, CSS, and JavaScript through hands-on project learning.
AI and Data Science: Online Courses and Online degrees
– Introduction to Big Data Online Courses provided by the University of San Diego via Coursera delves into the fundamentals of big data, available at no cost with a certificate available for an extra charge.
– Machine Learning Online Degrees by Stanford University on Coursera is a broad course on machine learning, data mining, and statistical pattern recognition, free to access with optional certification.
Business and Management: Online Courses and Online degrees
– The PG Diploma in Data Science Online Course from IIIT-B focuses on a variety of programming languages and tools and is developed in partnership with leading industry players.
– A Business Analytics Certification Online degree draws attention especially for those targeting analyst and managerial roles, covering essential tools for analytics and data visualization.
Cloud Computing: Online Courses and Online degrees
– The Advanced Certification in Cloud Computing is targeted at engineering graduates looking to fill roles such as Cloud Developer or Cloud Architect.
Project Management and Software Development: Online Courses and Online degrees
– Online degrees in Project Management from leading universities incorporate essential management concepts and business communication.
– The MSc. in Computer Science Online degree from Liverpool John Moores University provides the same level of quality and exposure as on-campus degrees through an 18-month online format.
Cybersecurity: Online Courses and Online degrees
– The Advanced Certificate Programme in Cyber Security by upGrad and IIIT-B offers an in-depth learning experience over 12 months, combining content hours, projects, and live sessions.
Platforms Offering Diverse Learning Opportunities: Online Courses and Online degrees
– FutureLearn offers accelerated courses, microcredentials, and professional certificates across multiple fields with various payment options including subscriptions.
– Coursera partners with over 275 universities and organizations worldwide, offering a wide range of degrees and professional certificates.
– Udacity specializes in IT and technology courses, with nanodegrees and programs designed in collaboration with industry leaders.
– Codecademy focuses on coding and programming, providing free learning opportunities in various coding languages with additional professional development programs.
These courses and degrees are designed to equip individuals with in-demand skills across various sectors, enhancing employability and providing valuable certifications. Whether interested in technology, data science, business, or other areas, these online resources offer flexible and comprehensive ways to learn and advance in your career.