SARS Refund Cheque Clearance Time

SpiderMonkey

Well-Known Member
Joined
Mar 24, 2010
Messages
423
I normally receive a refund from SARS directly into my account. This time around the refund was a cheque and is a fair sum because we moved to LA half way through the financial year amongst a few other reasons. They had a couple of queries on the tax return which were answered by my accountant. On 18th September I saw a deposit in my account for the exact amount on the refund form. I can't view the deposit slip because Nedbank internet banking crashes when I try. It still hasn't cleared yet. On the fraud page of Nedbank they mentioned that cheques can take 5-7 working days. Does that make sense? Depending on the time of deposit and when they count the 7 working days from, today could be 7th working day.

I am a little bit concerned that someone is trying to pull a whammy on me. I just can't see the angle, why would they even bother to put a fake cheque in my account at all, if they want the refund then they would organize to change the details at SARS.
 

Mortymoose

Honorary Master
Joined
May 26, 2013
Messages
13,287
I deal with SARS TAX REFUNDS on a weekly basis, they send me cheques every two weeks, providing my paperwork is correct. They also notify me by email that the following cheques have been posted to me so that I can keep track of them.

I must admit, when working with the VAT REFUNDS (Namibia) branch, I am mightly impressed. The chap working with my papers even phones me once a month to advise me on certain invoices...... one dept that is running smoothly!
 
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