We might be in the middle of the 2016/17 tax season, but on Monday, SARS released a whole lot of stats regarding last year’s one.
One of the more interesting ones was that the South African Revenue Service paid out “an astounding R15.5 billion in tax refunds” to just under two million taxpayers by the end of tax season.
And the real interesting part about it is the turn around time: Processing 99.9% of the returns electronically,
That’s pretty sweet – especially if you have professionals like Gralbraith | Rushby doing your work for you – and BAM, there’s a stash of cash in your bank account with little to no work having been done.
(After all, not all of us can profess to be ‘numbers people’.)
SARS also explained that it has “imposed penalties to the value of R1.64 billion on defaulting taxpayers” by the season deadline for non-provisional taxpayers last Friday. Spokesperson Sandile Memela said:
Taxpayers that have not submitted their returns are urged to do so immediately.
Come on, guys, it’s not like you need to do it yourself.
Timeslive jotted down some other sweet statistics from SARS:
In all honesty, if you haven’t being paid tax, you’re going to get nailed heavily when the truth comes out. My advice would be to get these guys on the line and get ‘adulting’ – whatever that means.
[source:timeslive]
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