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Could SARS information gathering powers trump prescription?

6h ago
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Prescription will be in the limelight this year, according to Roula Hadjipaschalis, Director in Corporate Tax, KPMG in South Africa. Traditionally, taxpayers felt safe in the knowledge that, provided they had made full disclosure, a tax matter was closed 3 years after assessment. This was also the view taken by SARS and, generally, SARS did not seek to reopen years that had prescribed.