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What to do if SARS doesn't pay back your Vat refund within 21 business days of filing your return

by , 23 May 2014
Let's say you do your Vat calculations. You find that your input tax exceeds your output tax. You get excited because this means a Vat refund is due to you.

You then file your Vat return after the end of your tax period.

21 days later, SARS still hasn't given you your Vat refund. And you don't know what to do.

Don't let SARS get away with it! Read on to find out what to do if SARS doesn't pay back your Vat refund within 21 business days of filing your Vat return.

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Errors in Vat invoices could cost you thousands!

Are there any inaccuracies in your Vat invoices? You may be charged a very high penalty!

Click here to find out how to make sure your Vat invoices are 100% legal.

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Do the following if SARS hasn't given you your Vat refund within 21 days

If you don't get your Vat refund within 21 business days of filing your Vat return, go to your local SARS branch to ask why you haven't been paid. You must also ask for interest.

The Practical Vat Loose Leaf Service says if SARS hasn't paid you your Vat refund after 21 days, they must pay you interest. The interest is calculated per day after the 21st day of business after you failed to receive your refund..

Now that you know what to do when SARS doesn't pay your Vat refund, make sure you also do the following to ensure smooth Vat refund payments.

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Think Vat doesn't apply to your payroll?

You're wrong!

Avoid this common error and keep SARS away from your door at audit time.

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Here's what you must do to ensure smooth Vat refund payments

Ensure SARS has your full and correct bank details to facilitate smooth and uninterrupted Vat refund.

The taxman will NOT pay interest on late refunds if the refund was late because you didn't submit your bank details.

We also recommend you follow these two rules to get your Vat refund back from SARS on time.

There you have it. You don't have to sit back if SARS doesn't give you your Vat refund within 21 days. Ask why and demand interest.



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