SARS Threshold
By Marc Sevitz · Updated
Hi Tim,
I have just received a notice of assessment from SARS yet again. What is the threshold before SARS actually audits you? I've heard its anything above R30k. Is this true?
I have just received a notice of assessment from SARS yet again. What is the threshold before SARS actually audits you? I've heard its anything above R30k. Is this true?
Do you mean you have received an ITA34 (Tax Assessment)?
SARS can request supporting documents from any taxpayer regardless of the amount of taxable income declared or tax liability/refund due. There is no minimum threshold.
SARS can request supporting documents from any taxpayer regardless of the amount of taxable income declared or tax liability/refund due. There is no minimum threshold.