Hide
Earn under R350,000? Click here to see why you still need to file to get your Tax Refund.
CLOSE
Get Tax Deadline Reminders, News and Tips
 

We'll tell you when you need to file, along with tax tips and updates.
Try Tim Now

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

Posted 1 July 2014 under Tax Questions



Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →
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?

This entry was posted in Tax Questions and tagged , . Bookmark the permalink.

TaxTimTaxTim 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?


TaxTimTaxTim 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?


TaxTimTaxTim 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.


TaxTimTaxTim says:
1 July 2014 at 23:06

Only a pleasure!


Get Tax Deadline Reminders, News and Tips
 

We'll tell you when you need to file, along with tax tips and updates.

Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →