What is Verification:

Verification means that SARS checks the information that the taxpayer gives in a declaration or tax return. SARS compares this information against third-party data, financial and accounting records, and other supporting documents. Through verification, SARS ensures that the taxpayer’s declaration or return is fair and accurate. Once you have submitted your declaration or return, SARS can choose to verify these documents. The usual turnaround time for a verification is 21 days.

What is an Audit:

In an audit, SARS examines your financial statements, accounting records, and supporting documents to check that you correctly declared your tax position. An audit can be a desk audit or audit in person by an appointed SARS officer. If the taxpayer did not file a declaration or tax return, the audit will investigate if the taxpayer’s actions comply with tax law.

For more information on an Audit or Verification and the steps to take please use the link below: https://www.sars.gov.za/individuals/what-if-i-do-not-agree/being-audited-or-selected-for-verification/

Uploading of information:

Your verification and or audit letter will be sent via e-filing with a link to upload the information or documents or you can visit SARS home page under on-line services and upload the information linked to the case number provided by SARS.

Insights from Tax A Sured Pty Ltd: Treat a verification the same as you would an audit, do not delay the uploading of supporting documents and ensure that your uploads are eligible and agrees to your income/ claims made. With an audit SARS must be clear in what section of the Act they are conducting the audit for and clear in terms of what information they require, if you are unsure, you may request SARS to provide clarity.

Written by Nicole Fennell

Tax A Sured Pty Ltd