
OFM Business hour - Ignorance or negligence is no excuse
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The new Draft Tax Administration Laws Amendment Bill (“TALAB”), released on 31 July 2020, proposes a law change that will effectively lower the threshold for SARS and the National Prosecuting Authority (NPA) to criminally prosecute taxpayers. Jean du Toit, Head of Tax Technical at Tax Consulting SA, joins the business hour to discuss the proposed bill and what it might mean for taxpayers.