You’ve got to get the thumbs-up from the SARS commissioner
Tax Bulletin | 14 April, 2010 | Hot Topics:
Dear reader
In this bulletin:
• Why am I telling you this, now?
• 3 tips to make your life easier
• Register your objection within 30 days
• You’ve got to get the thumbs-up from the SARS commissioner
• When in doubt, file for an extension
I’ve just put the finishing touches on the latest tax update, and I thought I’d share some interesting tax tidbits with you from the update. They deal with late objections.
Why am I telling you this, now?
Now, you might be wondering why late objections are an issue, and why I’m telling you about his now. The truth is, at some point, you’re going to be assessed by SARS. And chances are, you’re going to disagree with it. Which means you’ll need to know how to handle the objection process. And judging by the number of emails I get from you, asking about things like objections and refunds, this sort of advice is especially useful.
3 tips to make your life easier
Here are 3 tips that’ll make the objection process much smoother!
1. Register your objection within 30 days
We all know that when it comes to deadlines, SARS has a zero-tolerance approach. If you fail to meet the 30-day deadline, SARS might still allow your objection, but first you’ll have to prove to it that you had a good reason for missing the deadline.
2. You’ve got to get the thumbs-up from the SARS commissioner
If you’re giving SARS a reason why your objection is late, it had better be a good one (because they don’t have a sense of humor about these things!). Strong reasons might be: you got the assessment late because of delays with the postal service. Or maybe you were out of town at the time of the objection due date.
3. When in doubt, file for an extension
Remember that if you’re not going to make the 30-day deadline for filing an objection, you must apply for an extension. And remember, you need to justify the extension with a very strong case.
I hope these tips on late objections help you!
Until next week,
Fulvia Becatti
Managing Editor: Practical Tax Handbook & Practical Vat Handbook
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Editors note
Fulvia Stoltz
Tax Bulletin Editor
The Tax Bulletin is packed full of tax tips, commentary on changes to the tax landscape and is also an interactive tax forum which aims to help you efficiently manage your taxes and avoid all the traps. It is also a handy reminder of the deadlines which taxpayers have to meet.