205.    SARS not bound by compromise of tax debt

 

SARS is not bound by a ‘compromise’ if-

 

(a)     the ‘debtor’ fails to disclose a material fact to which the ‘compromise’ relates;

 

(b)     the ‘debtor’ supplies materially incorrect information to which the ‘compromise’ relates;

 

(c)     the ‘debtor’ fails to comply with a provision or condition contained in the agreement referred to in section 204; or

 

(d)     the ‘debtor’ is liquidated or the ‘debtor’s’ estate is sequestrated before the ‘debtor’ has fully complied with the conditions contained in the agreement referred to in section 204.