SARS E-Filing 2017

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No nothing, nada. Contrary to what certain members of this Forum stated yesterday.......
 
Told you, guptas first. When there's money again we may get something
 
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.
 
ijacobs3 said:
I see SARS is dodging that question on fb as well
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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.
 
Tman* said:
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.
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Agreed

But it goes against the good service of the last few years
 
FlashSA said:
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.
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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
 
Tman* said:
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.
Click to expand...

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!
 
Tman* said:
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.
Click to expand...

That's never been the case before.
 
Looks like the next payment schedule is only tomorrow 07/07
payment schedule.png
 
Ho3n3r said:
That's never been the case before.
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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.
 
HugoSmith said:
I do not know where you got your info, but that is the last time anyone would believe you....
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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
 
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