THE South African Revenue Service (SARS) says it is still in the process of resolving the reversed payment issue that some taxpayers have been experiencing.
In a media statement issued this week, it was stated that about 30 000 people experienced funds being reversed and 90% of the reversed funds have been released.
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It read: “Due to the risk associated with the validity of refund payments, all refunds go through the validation process with all stakeholders in the tax ecosystem. These validations could result in refunds being flagged for verification. SARS has worked through these reversed refunds, and we are happy to report back that 90% of all refunds have been released.”
“By Monday morning, any remaining refunds will either be released or taxpayers will be engaged to provide supporting documents where necessary. These are the normal processes in the validation of refunds. Notwithstanding the above challenges, SARS has kept in line with its earlier commitment and paid out 83% of all refunds within 72 hours. SARS sincerely apologises to all taxpayers for the inconvenience caused in this validation process.”
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