Proposed changes – Understatement penalties (USPs)

Tax Break: South African tax for professionals · Sep 4, 2025 · 16m · transcript

The National Treasury published the draft tax law amendment bills for comment on 16 August 2025. The draft bills include a proposal affecting understatement penalties and the roleof bona fide inadvertent errors. In this episode, I discuss the proposed changes and share my initial thoughts about it.

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