Provisional tax estimates go wrong more often than people admit. When they do, Section 67 penalties follow quickly. This session shows how to prevent them and how to defend them when they happen.
R230,00 VAT incl.
Provisional tax is one of the easiest ways for a practitioner to trigger penalties without realising it. Estimates made too low can attract penalties under Section 67. Estimates made too high create client frustration and cash flow pressure. ITC 1861 highlights the thin line between a reasonable estimate and a negligent one. Many practitioners rely on rough calculations or incomplete client information. That approach creates exposure when NamRa reviews the estimate. This event focuses on the real judgement calls practitioners make during provisional tax season. It explains how estimates are evaluated, what documentation protects your position, and how to submit effective relief requests through ITAS when a penalty has already been imposed.
Johan Nel
Is a seasoned tax leader and operational strategist with over a decade of experience in financial management and tax leadership. His career was shaped at PwC Namibia, where he led key strategic initiatives aligned with corporate objectives and cultivated high-performing, quality-driven teams.
• The real trigger points that cause provisional tax penalties under Section 67
• How NamRa evaluates whether an estimate was reasonable
• What ITC 1861 reveals about acceptable judgement vs negligent estimation
• How to document estimates so they survive review or dispute
• Practical ways to correct an estimate before penalties escalate
• How to prepare a defensible penalty remission submission on ITAS
• The common practitioner mistakes that lead to automatic penalties
• A clear decision framework for estimating when client data is incomplete
The following event is awarded 2 CPD units in Taxation.
+27 (0) 12 643 1800/2/4 ciba@myciba.org www.myciba.org
Gauteng: Spaces, Byls Bridge Office Park, Building 14 Block B, Cnr of Olievenhoutbosch Road and Jean Avenue, Centurion, 0157
Cape Town: Cape Town Spaces Office, Century City, No1 Bridgeway Road, Bridgeways Precinct, Cape Town, 7441
Namibia: Regus Office Windhoek, Maerua Mall 3rd Floor, Windhoek, Namibia, 10005
Paris: I13 Rue Paul Valéry, 75116 Paris, France (ICFOA)
