225. Definitions
In this Part, unless the context indicates otherwise, the following term, if in single quotation marks, has the following meaning:
Category: Section 225 (TAA) – Definitions
“Default” definition of section 225 of TAA
“default” means the submission of inaccurate or incomplete information to SARS, or the failure to submit information or the adoption of a “tax position”, where such submission, non-submission, or adoption resulted in an understatement.
[Definition of “default” substituted by section 64 of Act 23 of 2015 effective on 8 January 2016]