SARS E-Filing 2017

[HugoSmith]

No nothing, nada. Contrary to what certain members of this Forum stated yesterday.......

 

[HugoSmith]

Payments will happen tomorrow for those who has applied on the 1st.

I do not know where you got your info, but that is the last time anyone would believe you....

 

[supersunbird]

Payments will happen tomorrow for those who has applied on the 1st.

By happening... do you mean it will be processed only tonight or should the money be in today already?

 

[ijacobs3]

Still no refund. Anyone else?

Nadda

 

[kfc4unme]

Nothing

 

[ijacobs3]

I see SARS is dodging that question on fb as well

 

[Arzy]

Told you, guptas first. When there's money again we may get something

 

[FlashSA]

In the last 12 months, there have been many financial articles detailing how SARS have been stalling vat refunds to businesses (excl Gupta's R70mil return which was paid promptly). Our delayed tax refunds come as no surprise. Legally, nothing stops them from slowing the whole thing down so as things get tighter for the government, it stands to reason that they will stall as much as possible.

 

[Tman*]

I see SARS is dodging that question on fb as well

It makes financial sense to only pay out refunds at the last possible date for them.

Imagine a bank account with a couple of billion in. Imagine the extra interest gained by delaying each taxpayers refund by 14-30 days instead of paying it out instantly.

 

[ijacobs3]

It makes financial sense to only pay out refunds at the last possible date for them.

Imagine a bank account with a couple of billion in. Imagine the extra interest gained by delaying each taxpayers refund by 14-30 days instead of paying it out instantly.

Agreed

But it goes against the good service of the last few years

 

[FlashSA]

Agreed

But it goes against the good service of the last few years

Remember where you heard it, the good old days of SARS are no more.

 

[supersunbird]

In the last 12 months, there have been many financial articles detailing how SARS have been stalling vat refunds to businesses (excl Gupta's R70mil return which was paid promptly). Our delayed tax refunds come as no surprise. Legally, nothing stops them from slowing the whole thing down so as things get tighter for the government, it stands to reason that they will stall as much as possible.

That's why I asked my employer to also include my private RA contributions in my salary tax calculation, so I get the cast back every month instead of waiting for efiling time. Unfortunately all claims can't be done that way

 

[gjm]

It makes financial sense to only pay out refunds at the last possible date for them.

Imagine a bank account with a couple of billion in. Imagine the extra interest gained by delaying each taxpayers refund by 14-30 days instead of paying it out instantly.

It makes sense, but the money to be refunded has already been in their account for quite a few months earning interest. If you assume your tax refund amounts accrued uniformly over the year they have been earning interest for 10 months already!

 

[Ho3n3r]

It makes financial sense to only pay out refunds at the last possible date for them.

Imagine a bank account with a couple of billion in. Imagine the extra interest gained by delaying each taxpayers refund by 14-30 days instead of paying it out instantly.

That's never been the case before.

 

[|Trix|]

Looks like the next payment schedule is only tomorrow 07/07

 

[Arzy]

Looks like the next payment schedule is only tomorrow 07/07
View attachment 447264

That's the standard reminder for employers to pay PAYE over to SARS.

 

[BuckRogers]

Spoke to a individual tax expert today, apparently there is a specific issue relating to the carry forward of Retirement Annuity contributions. Need to log a dispute (NOO) is this applies to you

Thanks Koosvanwyk - anyone got a resolution on a dispute for this issue yet ?

 

[Slootvreter]

Looks like the next payment schedule is only tomorrow 07/07
View attachment 447264

Yay, right on the weekend. Time to get HOMELESS :crylaugh:

 

[Tman*]

That's never been the case before.

It was the case with me last year. They took their sweet ass time with each and every query, taking the maximum amount of turnaround time between communication (I was audited). And waited until the last possible moment to pay me.

 

[Laffy-Taffy]

I do not know where you got your info, but that is the last time anyone would believe you....

Stop. LOL I merely heard that from someone that I thaught was in the know. I cant really comment on where he works but his dead to me now.

Messing up my street cred on the forum. Soz