What does a risk assessment entail and when will I receive my money. I am a pensioner

By Marc Sevitz · Updated 6 January 2015

I did my return at the Roodepoort offices of SARS where all the details were input by a lady at SARS because I could not get my various certificates to 'pull through'. The lady handed me an ITA34 and said she was surprised that I was not selected for audit. The ITA34 shows SARS owes me R1 000 odd. This is now outstanding since 22 November and when I query this, I am told that this is due to a risk assessment being done by SARS. The first time I queried this I was told it would take 90 days to finalise. The next time I queried this, I was told 21 days and on my most recent query I was told 60 days. What is actually going on here? None of the people whom I spoke to could explain to me what a risk assessment is.

TaxTim Marc said:
8 January 2015 at 9:12

Unfortunately a risk assessment done by SARS is something that is also unexplained to us as practitioners as well. Essentially it involves a SARS system whereby all your information from this year is compared to prior years and specific trends which then determines whether or not you are being audited. There is no specific formula that we are aware of however.

Retirement

Audit / Verification

Foreign employment income