SARS IT14SD and Timeframes
- Aug
- 02
- 2012
SARS IT14SD – reminder of timeframes to avoid unnecessary headaches – with initial requests, taxpayers are given 21 days to provide required information; a second request is issued if no response received and a further 21 days given (a total of 42 calendar days from initial request).
After the 42 days and still no response received from taxpayer, SARS will issue the additional assessment disallowing expenses. These assessments are then subject to the normal objection and appeals process.
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All material subject to our Legal Disclaimers.
I have submit my IT14SD straight after SARS send me the notification. THe question is how long should I wait for them to come back with 2nd assessment. The deadline for 3rd topping up payment is coming and not sure if I should make the first assessment tax liability now or later.