Dealing with SARS Income Tax and VAT Audits I 11 April 2023

Since the IT 14SD was decommissioned in the latter part of 2022, there has been a significant increase in requests for information (RFI) and formal SARS audits. Where errors are suspected, additional assessments are raised together with significant penalties.
The tax practitioner and the tax executive has an obligation towards our clients and our employers to ensure that SARS audits and RFI’s are dealt with effectively and efficiently whilst minimising the risk of revised assessments and eliminating the risk of understatement penalties charged by SARS.
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