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Although this is the ideal scenario, remember that they do have 21 days. That said, SARS often reimburses taxpayers within 2-3 days. SARS has up to 21 business days to pay out your refund.
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If you submitted between the 16th and the 31st of the month, the payment is due at the end of the month after the following month.For instance, if you submitted between 1st and 15th September, the payment is due at the end of October. If you submitted your return between the 1st and 15th of the month, the payment is due at the end of the next month.If you need to pay SARS, the following dates apply: The outcome of your assessment may be either that you need to make a payment to SARS if you did not pay enough tax during the year, or you may receive a refund if you paid more than what was required. In rare cases, you may have to wait a couple of days for it to reflect on the system, and if you submitted your tax return manually, it will take a while longer for SARS to process. Assessments are automated, which is why they’re generated so quickly. If you filed online, you can expect to receive your assessment immediately, or within a couple of hours.
#HOW LONG DOES IT TAKE FOR POWTOON TO GET A DOWNLOAD PDF#
If you’re wondering which documents to get ready, download and complete our Individual Income Tax Checklist.Ĭlick on the image below to download the PDF document:Īfter you’ve filed your tax return, you will receive a summary of your submission in the form of an assessment (ITA34). We always try to complete your tax return as quickly as possible! How many clients sent in their documents at the same time.How complex your tax is and whether your personal tax is calculated and finalised in conjunction with a group of entities.Whether you have provided us with all the supporting documents to complete the return.How long we take to calculate your tax and file your return depends on a few factors: This applies whether you submit the return yourself or outsource this function to us. But before you do that, you first need to get all the necessary information and documents ready. The first step is to file your tax return. The Tax Return Filing Process Submitting Your Tax Return Since we often get questions like ‘How long until SARS pays my refund?’ or ’How long will it take SARS to fix my return after I have filed a notice of objection or appeal?’, we thought it a good idea to explain the process in detail so that you know what to expect. The only thing you can do is to make sure that you provide all the right information and documentation first time round to avoid unnecessary delays. If you expect to receive a tax refund, you may feel anxious if SARS takes longer to pay than what you would like. Not everything can be automated, and unfortunately, many people still submit their tax returns manually.