Understatement Penalty Calculator

When SARS determines that you understated your tax liability, a penalty is imposed based on the type of behaviour — from 25% for a substantial understatement up to 150% for intentional evasion under jeopardy.

Understatement Penalty Rates

Behaviour Standard VDP Jeopardy
Substantial understatement (> 5% or > R1 million) 25% 0% 50%
Reasonable care not taken 25% 0% 50%
No reasonable grounds for tax position 50% 25% 75%
Gross negligence 75% 35% 100%
Intentional tax evasion 100% 75% 150%

Installed solar panels? Claim 125% back from SARS.

Section 12B lets you deduct 125% of your solar installation cost. Calculate your exact saving.

Calculate Solar Tax Saving