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PWC takes one for the team – and proves Shakespeare right…Interest waiver on VAT defaults

By Chris Eagar
VAT practitioner at VATiQ VAT consultants & Finvision VAT Specialists (Pty) Ltd

As long suspected, a (prickly) rose by any other name remains as uncomfortable to the touch. It is common cause that non-compliance on the VAT front comes with a 10% late payment penalty and a simple interest liability at the official rate.

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