Steps to Follow after Submission of SARS Returns
The actual submission of your tax return to SARS does not end your responsibility as a taxpayer. Certain subsequent actions may be required to successfully assess your affairs and to ensure correct compliance:
- Check the status of your assessment with SARS (via e-filing or telephonically).
- Once assessed, check whether you are in agreement with all aspects – taxable income, deductions claimed, taxes paid over to SARS as well as any possible penalties and interest that SARS may have levied.
- Should you disagree with SARS, a correction or an objection may need to be lodged within SARS’ specified timeframes.
- If in agreement, any outstanding taxes owing to SARS must be paid to them before the specified payment due date. Payment must actually be received by SARS so different banking procedures and cut-off dates may need to be considered when making payment on the last possible date to avoid additional penalties or interest being levied by SARS.