SARS to issue estimated assessments for VAT returns

CAPE TOWN - Over the years, many taxpayers have ignored requests to submit relevant material to support value-added tax returns.

This has now prompted the South African Revenue Service to issue estimated assessments.

READ: SARS to crack down on VAT fraud

This means the Vat vendor won't be allowed to submit a request for correction once the estimated assessment has been issued.

We had a chat with Charles de Wet, tax executive at ENSafrica about what this means.