South Africa Case Law

CZY v Commissioner for the South African Revenue Service (IT 24988)

CZY v Commissioner for the South African Revenue Service (IT 24988) [2021] ZATC 18 (5 August 2021)

Court

Tax Court

Case number

IT 24988

Judges

Vally, Vincent Kekana, Zeyn Mia

Tax Court held absolution from the instance is unavailable, but reduced an understatement penalty from 25% to 10% after finding reasonable care and no bona fide inadvertent error.

• Understatement Penalty
• Reasonable Care
• Tax Administration Act
• Assessment Objection
• Professional Advice
• Quantification Of Penalty