Jail looms if you fail to submit tax returns

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You can go to jail for two years if you fail to submit a single tax return, or do not inform the SA Revenue Service (Sars) that your details have changed.
You can go to jail for two years if you fail to submit a single tax return, or do not inform the SA Revenue Service (Sars) that your details have changed.

BUSINESS

You can go to jail for two years if you fail to submit a single tax return, or do not inform the SA Revenue Service (Sars) that your details have changed. And heaven help you if you do not keep the documents supporting your tax returns for five years.

This is in accordance with an amendment to the Tax Administration Act, which came into effect in March. Any of these offences, even though they are of a less serious nature, could result in a fine or two years in prison, warns Jean du Toit, technical head of taxation at Tax Consulting SA.

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