What penalties will I incur if I do not pay my donations tax within the three month deadline?

By Nicci Courtney-Clarke · Updated

Piet

Piet said:
17 February 2016 at 14:14

What penalties will I incur if I do not pay my donations tax within the three month deadline? Is there a way around incurring any penalties if I was not aware of this deadline?
TaxTim Nicci

TaxTim Nicci said:
17 February 2016 at 14:33

You would need to speak to SARS and ask them to reverse the penalties if they imposed them and provide details - assuming they do impose the penalty.
Piet

Piet said:
17 February 2016 at 14:55

Thanks for your answer. Just one thing : if the penalties are imposed how are they calculated?
TaxTim Nicci

TaxTim Nicci said:
17 February 2016 at 15:03

Have they imposed any penalties yet?
Piet

Piet said:
18 February 2016 at 12:19

Not yet - it is merely an enquiry as this is the first tax year that I need to do this on behalf of my mom and we are going to be late with the payment!

TaxTim Nicci

TaxTim Nicci said:
18 February 2016 at 13:56

It has not been SARS practice from what we can tell to penalise and if they do you can request to have this reversed if the reasons are valid.