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SARS Receives Record Number Of Income Tax Returns,
by Robert Lee, Tax-News.com, London
Wednesday, January 30, 2008
The South African Revenue Service (SARS) has received a record of more than
3 million income tax returns as part of the 2007 Filing Season.
SARS announced last week that more than 75% (2.1 million) of returns submitted
have been processed through a number of stages, and of the processed returns,
more than 1.5 million have been assessed and where applicable, refunds were
issued. Refunds to the value of R2.3 billion (USD318 million) have been issued
to 632,000 taxpayers.
About 880,000 returns are currently being processed, and SARS expects that these
will be assessed and finalized before the end of March 2008.
SARS also announced that more than 400,000 returns were submitted via the electronic
filing facility, more than 10 times the number of eFiling users recorded during
the previous year of assessment, representing growing public confidence in the
electronic system. In total, more than 1.1 million taxpayers have registered
as eFiling users.
However, the filing season hasn't gone entirely smoothly for SARS, which said
that "a small number" of taxpayers have, or will be, notified that
they need to re-submit a new tax return or provide further information for their
original return to be assessed.
Since the beginning of this month, SARS has sent back new, blank income tax
returns to some 440,000 taxpayers whose manual returns could not be processed
further. Around half of this number have been completed, returned to SARS and
are being processed.
"Introducing the new assessment process and the new income tax return
placed new requirements on SARS, taxpayers and tax practitioners," the
department explained in a statement. "Understandably, with projects of
this magnitude and complexity, there are challenges for taxpayers, tax practitioners
and our own staff. SARS is confident that these changes have laid a good platform
to further simplify and improve the annual filing process."
"SARS recognizes that it will take some time to reduce the margin of
error in the process and we want to thank taxpayers and tax practitioners for
their cooperation and patience," it concluded.
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