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Fines Payable on Audit discrepancies?

Posted 6 November 2013

I am getting audited - if they pick up a discrepancy is there a fine I will have to pay? I am not a tax expert and is worried that I made a mistake.

TaxTim TaxTim says:
6 November 2013 at 17:46

If you made a genuine mistake and SARS penalise you then you will be able to admit fault and SARS will reverse the penalty.

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