{"id":4140,"date":"2025-02-06T11:21:10","date_gmt":"2025-02-06T11:21:10","guid":{"rendered":"https:\/\/jhco.co.za\/?p=4140"},"modified":"2025-02-06T14:36:53","modified_gmt":"2025-02-06T14:36:53","slug":"avoid-hefty-sars-penalties-deadline-28-february-2024","status":"publish","type":"post","link":"https:\/\/jhco.co.za\/upgrade\/avoid-hefty-sars-penalties-deadline-28-february-2024\/","title":{"rendered":"Avoid Hefty SARS Penalties \u2013 Deadline 28 February 2025!"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"4140\" class=\"elementor elementor-4140\" data-elementor-settings=\"{&quot;ha_cmc_init_switcher&quot;:&quot;no&quot;}\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-666e9810 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"666e9810\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7a711da6\" data-id=\"7a711da6\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-277ca8ed elementor-widget elementor-widget-text-editor\" data-id=\"277ca8ed\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"p1\">SARS is cracking down on overdue Corporate Income Tax returns, with penalties outlined under Section 211 of the <b>Tax Administration Act<\/b>:<\/p><ul class=\"ul1\"><li class=\"li1\">Administrative penalties from <b>R250 to R16,000 per month<\/b>, based on turnover.<\/li><li class=\"li1\">Late submission penalties of <b>10% of taxable income<\/b> for Corporate Income Tax.<\/li><\/ul><p class=\"p1\">If your entity has a <b>February year-end<\/b>, don\u2019t wait until it\u2019s too late! Let JHCO Financial Services assist you by compiling your <b>Annual Financial Statements<\/b> and submitting your <b>Corporate Income Tax returns<\/b> before the deadline.<\/p><p class=\"p1\">Ensure compliance today! <b>Contact us now<\/b> to avoid unnecessary stress and hefty penalties.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>SARS is cracking down on overdue Corporate Income Tax returns, with penalties outlined under Section 211 of the Tax Administration Act: Administrative penalties from R250 to R16,000 per month, based on turnover. Late submission penalties of 10% of taxable income for Corporate Income Tax. If your entity has a February year-end, don\u2019t wait until it\u2019s [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4152,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-4140","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tax"],"_links":{"self":[{"href":"https:\/\/jhco.co.za\/upgrade\/wp-json\/wp\/v2\/posts\/4140","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jhco.co.za\/upgrade\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jhco.co.za\/upgrade\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jhco.co.za\/upgrade\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/jhco.co.za\/upgrade\/wp-json\/wp\/v2\/comments?post=4140"}],"version-history":[{"count":6,"href":"https:\/\/jhco.co.za\/upgrade\/wp-json\/wp\/v2\/posts\/4140\/revisions"}],"predecessor-version":[{"id":4177,"href":"https:\/\/jhco.co.za\/upgrade\/wp-json\/wp\/v2\/posts\/4140\/revisions\/4177"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/jhco.co.za\/upgrade\/wp-json\/wp\/v2\/media\/4152"}],"wp:attachment":[{"href":"https:\/\/jhco.co.za\/upgrade\/wp-json\/wp\/v2\/media?parent=4140"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jhco.co.za\/upgrade\/wp-json\/wp\/v2\/categories?post=4140"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jhco.co.za\/upgrade\/wp-json\/wp\/v2\/tags?post=4140"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}