'Many taxpayers feel powerless against SARS. They think a decision made by SARS is always correct,' says FSPBusiness.
This couldn't be further from the truth.
In fact, you're allowed to make an objection to SARS in the following circumstances:
Revealed: Eight instances where you're allowed to make an objection to SARS
The Practical Tax Loose Leaf Service says you can make an objection if SARS:
Remember, it's important you get SARS' reasons for the assessment before your company makes an objection. You must do this within 30 days of the assessment date. SARS then has 60 days to respond with any reasons it may have, advises FSPBusiness.
Knowing when you're allowed to object to decisions by SARS will ensure you exercise your legal right to safeguard your company's Vat affairs.