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Is a verification of income tax return the same as an audit?



Is a verification of income tax return the same as an audit?
I know SARS says 21 days but has anyone's verification been complete and paid out before 21 days?

TaxTim TaxTim says:
1 July 2014 at 22:51

It is not the same as an audit, despite SARS using the same terminology. These are often random and computer selected while an audit is more focused and deliberate.

Didi says:
1 July 2014 at 22:54

How will I know when the verification is complete?
I know SARS says 21 days but has anyone's verification been complete and paid out before 21 days?

TaxTim TaxTim says:
1 July 2014 at 22:55

SARS will send you a letter of completion which will signify if the assessment has been concluded.

Didi says:
1 July 2014 at 22:59

Does it really take 21 days?

TaxTim TaxTim says:
1 July 2014 at 23:01

It can take longer sometimes, all depends on where you are in line in the SARS verification. The average is about 5 working days.

Didi says:
1 July 2014 at 23:02

Thank you very much for your help.

TaxTim TaxTim says:
1 July 2014 at 23:06

Only a pleasure!

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