SARS double standards, cash flow manipulation

Die Vryburger

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SARS double standards, cash flow manipulation
SARS double standards, cash flow manipulation

As previously reported, the South African Revenue Service (SARS) only applies rules as it suits them.

Any late income tax payments will be levied with a hefty fine but if SARS money has to be refunded to Jan public, the return is referred for audit and when it is done, the amount due will be repaid without any interest.

It has already been pointed out by economists as a strategy to slow down payouts, thereby improving the cash flow of the entity. Now they come up with a further scam. Should a taxpayer question the SARS’s calculation, the person is threatened with legal action.

SARS acknowledges that the procedure followed is that after receiving notice of the result, recovery steps may be initiated only after 10 days.

Again, a state entity that is guilty of maladministration.

Read the original article in Afrikaans on Die Vryburger

South Africa Today – South Africa News

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