STACEY METLERKAMP

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SARS refunding more that R62.1 bn to taxpayers

16 Oct 2017, 12:57 Publicly Viewable
  • At 2 October 2017 refunds of R62.1bn were pay to taxpayers at which R49.5 bn is Vat refunds and R12.3 bn is for personal income tax returns
  •  Since this date only 2.7 million taxpayers submitted their returns in this tax season which opened in July
  • Because of the above mention and the fact that taxpayers are not setting there debt with revenue collections agencies within the stipulated deadline, SARS will worsen criminal proceedings from October
  • This ruling is not limited to the current year but also to previously non- compliance years

Source: Fin 24; Economy; SARS coughs up more than R62.1 bn in refunds

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