Post by cjm on Nov 27, 2016 9:13:40 GMT
Sars accused of delaying VAT refunds
South Africa’s “cash-strapped” revenue service stands accused of holding the economy to ransom as VAT refunds are delayed, sometimes for up to a year.
Farmers, exporters, vendors and the mining sector say lengthy delays based on ongoing and unnecessary queries on VAT refund applications by Sars are putting their operations at risk.
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Piet Nel, who heads the technical department at the institute, agreed some delays were inexplicable. “It appears when taxpayers complain to the Tax Ombud (and the ruling is in their favour) the refunds are still being delayed. Also we get reports the refund is still being withheld after the vendor, or taxpayer, has submitted all documents, and in many cases the vendor or taxpayer was being told by Sars the refund would be made shortly. Then the refund is not made.”
...
South Africa’s “cash-strapped” revenue service stands accused of holding the economy to ransom as VAT refunds are delayed, sometimes for up to a year.
Farmers, exporters, vendors and the mining sector say lengthy delays based on ongoing and unnecessary queries on VAT refund applications by Sars are putting their operations at risk.
...
Piet Nel, who heads the technical department at the institute, agreed some delays were inexplicable. “It appears when taxpayers complain to the Tax Ombud (and the ruling is in their favour) the refunds are still being delayed. Also we get reports the refund is still being withheld after the vendor, or taxpayer, has submitted all documents, and in many cases the vendor or taxpayer was being told by Sars the refund would be made shortly. Then the refund is not made.”
...