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Under review by SARS?

Posted 28 January 2014 under Tax Questions



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I live with my Parents and have been running a very small business for about 6 years now, by small I mean very small less than R35 000 turnover per year. I have been doing my eFiling all the time and have never had any problems from my side and from SARS' side. I have just done my 2013 returns and the only difference from last year is that I have made my business even smaller with less turnover and profit, now suddenly I receive a mail saying I am under review and I must submit supporting docs. Why suddenly this? And what supporting documents must I give them? I have no proof of income other than the book that I write my daily income and I buy the few stock that I do need from someone private. The only other documentation I have is postal, repairs, stationary and printer ink. I have sent them this expenditure documents. I am very confused and feel like it's the end of the world! Please help!

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TaxTimTaxTim says:
28 January 2014 at 11:04

Often SARS randomly audits individuals, this is more a verification check than a real audit. You just need to provide them with all the documentation used to prepare the information on your return and everything will be in order.


JD says:
28 January 2014 at 11:50

Hi Tim, thank you for that answer, if you say all documentation, I suppose that means all expenditure and income, but how do I provide documentation for income if I only write my daily income in an informal book?


TaxTimTaxTim says:
28 January 2014 at 21:46

You would need to supply SARS with copies of these pages and perhaps a covering letter stating that this is the only evidence, other than bank statement - which you could also provide, that you have.


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