{"id":379,"date":"2021-06-04T11:44:32","date_gmt":"2021-06-04T11:44:32","guid":{"rendered":"https:\/\/evafinancialsolutions.co.za\/newsite\/?p=379"},"modified":"2024-10-24T08:28:45","modified_gmt":"2024-10-24T08:28:45","slug":"what-does-a-sars-completion-verification-letter-mean","status":"publish","type":"post","link":"https:\/\/evafinancialsolutions.co.za\/newsite\/what-does-a-sars-completion-verification-letter-mean\/","title":{"rendered":"What does a SARS completion\/verification letter mean?"},"content":{"rendered":"<div id=\"ember59\" class=\"ember-view\">\n<div class=\"reader-article-content\" dir=\"ltr\">\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/evafinancialsolutions.co.za\/newsite\/what-does-a-sars-completion-verification-letter-mean\/#What_does_a_SARS_completionverification_letter_mean\" >What does a SARS completion\/verification letter mean?<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/evafinancialsolutions.co.za\/newsite\/what-does-a-sars-completion-verification-letter-mean\/#What_is_a_verification\" >What is a verification:\u00a0<\/a><ul class='ez-toc-list-level-5' ><li class='ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/evafinancialsolutions.co.za\/newsite\/what-does-a-sars-completion-verification-letter-mean\/#What_happens_if_you_do_not_respond_to_the_verification\" >What happens if you do not respond to the verification:\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/evafinancialsolutions.co.za\/newsite\/what-does-a-sars-completion-verification-letter-mean\/#SARS_verification_finalised_with_changes_meaning\" >SARS verification finalised with changes meaning<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/evafinancialsolutions.co.za\/newsite\/what-does-a-sars-completion-verification-letter-mean\/#What_to_expect_when_verification_is_completed\" >What to expect when verification is completed:\u00a0<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/evafinancialsolutions.co.za\/newsite\/what-does-a-sars-completion-verification-letter-mean\/#Leave_a_message\" >Leave a message<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/evafinancialsolutions.co.za\/newsite\/what-does-a-sars-completion-verification-letter-mean\/#Subscribe_now\" >Subscribe now:<\/a><\/li><\/ul><\/nav><\/div>\n<h3><span class=\"ez-toc-section\" id=\"What_does_a_SARS_completionverification_letter_mean\"><\/span>What does a SARS completion\/verification letter mean?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<h4><\/h4>\n<h4><span class=\"ez-toc-section\" id=\"What_is_a_verification\"><\/span><strong>What is a verification:\u00a0<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>Being selected for an audit and verification are two different processes. With a verification, SARS is doing a face-value verification of the information declared by the taxpayer on the declaration or in a return. This involves the comparison of the information on the return against the financial and accounting records and\/or other supporting documents. All this is to ensure that the declaration\/return is a fair and accurate representation of the taxpayer\u2019s tax position.<\/p>\n<hr \/>\n<p>Remember, in terms of the Tax Administration Act, the onus is on the taxpayer to provide supporting documentation in order to prove that the deductions and information on their declaration are reasonable, fair and accurate.<\/p>\n<hr \/>\n<p>Who can be selected for verification:<\/p>\n<p>Any taxpayers can be selected for a verification process\u00a0for the purpose of proper administration of tax. The selection can also be done on a risk basis.<\/p>\n<hr \/>\n<p>What should I do if I am selected for verification:<\/p>\n<p>SARS will notify the taxpayer if they have selected them for verification. The letter issued will state what the taxpayer must do or provide to SARS. The letter will also notify the taxpayer to check their tax return and to make any corrections if there are any discrepancies on their tax return. The taxpayer will be given 21 business days from the date of the letter in which to provide the supporting documents and schedules.<\/p>\n<hr \/>\n<p>The supporting documents or schedules can be submitted via eFiling or manually at the SARS branch near you.<\/p>\n<hr \/>\n<p>During the verification, you can expect to get another letter requesting additional information if the relevant material initially supplied was not sufficient to finalize the verification. If you are due for a refund, you may not get this until the verification process is finalised.<\/p>\n<hr \/>\n<h5><span class=\"ez-toc-section\" id=\"What_happens_if_you_do_not_respond_to_the_verification\"><\/span><strong><br \/>\nWhat happens if you do not respond to the verification:\u00a0<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n<p>&nbsp;<\/p>\n<p>If you choose not to respond, SARS may:<\/p>\n<ul>\n<li>Issue a second letter reminding you to submit relevant information<\/li>\n<li>Issue a final request for relevant information<\/li>\n<li>If you still do not respond, a SARS official will contact you telephonically and request that you submit the necessary relevant material within 5\u00a0business days.<\/li>\n<li>Should you still not respond, SARS may raise an assessment based on information readily available or obtain from a third party.<\/li>\n<\/ul>\n<hr \/>\n<p>NB: It is always best to respond to all queries as quickly as possible. There is a possibility of penalties and interests<\/p>\n<hr \/>\n<h5><span class=\"ez-toc-section\" id=\"SARS_verification_finalised_with_changes_meaning\"><\/span>SARS verification finalised with changes meaning<span class=\"ez-toc-section-end\"><\/span><\/h5>\n<p>A SARS &#8220;Verification Finalised with Changes&#8221; letter typically means that SARS has completed the verification process of your tax return and found discrepancies or issues that required adjustments. Here&#8217;s a breakdown of what this could mean for you:<\/p>\n<ol>\n<li><strong>Verification Process Complete<\/strong>: SARS has reviewed the information and documentation you submitted to verify the accuracy of your tax return.<\/li>\n<li><strong>Changes Made<\/strong>: During this review, SARS identified errors, omissions, or discrepancies in your return. They have made adjustments to correct these issues.<\/li>\n<li><strong>Impact on Tax Liability<\/strong>: The changes may affect your tax liability or reduce your refund. This means you might owe additional taxes, be entitled to a refund, or have a change in the amount of the refund you were expecting.<\/li>\n<li><strong>Next Steps<\/strong>: The letter should outline the specific changes made and any actions you need to take. This might include paying additional taxes, receiving a refund, or providing further documentation.<\/li>\n<li><strong>Appeal Process<\/strong>: If you disagree with the changes, the letter will usually provide information on how to dispute the findings or request a review.<\/li>\n<\/ol>\n<hr \/>\n<h5><span class=\"ez-toc-section\" id=\"What_to_expect_when_verification_is_completed\"><\/span><strong>What to expect when verification is completed:\u00a0<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n<p>&nbsp;<\/p>\n<p>You will receive a completion letter notifying you of the verification outcome. If all goes well, this letter will normally notify you that no adjustments have been made. In that case, SARS will not be making adjustments to their assessments. If you are due for a refund, it should be paid out in 7 working days (provided you have no tax debt due or outstanding tax returns from prior years). If you were the one owing SARS, the amount due will remain payable.<\/p>\n<\/div>\n<p>&nbsp;<\/p>\n<hr \/>\n<p>You can contact us for:<\/p>\n<ol>\n<li>Ta submission<\/li>\n<li>Help with Objection of assessment<\/li>\n<li>Help with the interpretation of your assessment<\/li>\n<li>Help with the interpretation of your statement of account<\/li>\n<li>Tax return submission (corrections or new submissions)<\/li>\n<\/ol>\n<\/div>\n<p>&nbsp;<\/p>\n<p>Has SARS selected you for a verification process? Stay informed and respond promptly!<\/p>\n<p>&nbsp;<\/p>\n<p>A SARS verification is a review of your tax return against your supporting documents to ensure everything is accurate. If selected, you\u2019ll need to submit all relevant material within 21 business days to avoid penalties. Whether it&#8217;s understanding your verification outcome or handling adjustments made by SARS, don\u2019t get caught off guard.<\/p>\n<p>Need assistance with objections, interpretations, or tax return corrections? Contact us today for expert guidance.<\/p>\n<p>&nbsp;<\/p>\n<p>Join Eva CFO on Telegram for the latest insights: <a href=\"https:\/\/t.me\/evacfoinsights\" target=\"_new\" rel=\"noopener\">Eva CFO on Telegram<\/a>.<\/p>\n<div id=\"ember59\" class=\"ember-view\">\n<p>&nbsp;<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Leave_a_message\"><\/span>Leave a message<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<div class=\"forminator-ui forminator-custom-form forminator-custom-form-1032 forminator-design--default  forminator_ajax draft-enabled\" data-forminator-render=\"0\" data-form=\"forminator-module-1032\" data-uid=\"69e2772d769cf\"><br\/><\/div><form\r\n\t\t\t\tid=\"forminator-module-1032\"\r\n\t\t\t\tclass=\"forminator-ui forminator-custom-form forminator-custom-form-1032 forminator-design--default  forminator_ajax draft-enabled\"\r\n\t\t\t\tmethod=\"post\"\r\n\t\t\t\tdata-forminator-render=\"0\"\r\n\t\t\t\tdata-form-id=\"1032\"\r\n\t\t\t\t\r\n\t\t\t\tdata-design=\"default\"\r\n\t\t\t\t\r\n\t\t\t\t\r\n\t\t\t\t\r\n\t\t\t\tdata-grid=\"open\"\r\n\t\t\t\t\r\n\t\t\t\t\r\n\t\t\t\tstyle=\"display: none;\"\r\n\t\t\t\t\r\n\t\t\t\tdata-uid=\"69e2772d769cf\"\r\n\t\t\t><div role=\"alert\" aria-live=\"polite\" class=\"forminator-response-message forminator-error\" aria-hidden=\"true\"><\/div><div class=\"forminator-row\"><div id=\"name-1\" class=\"forminator-field-name forminator-col forminator-col-12 \"><div class=\"forminator-field\"><label for=\"forminator-field-name-1_69e2772d769cf\" id=\"forminator-field-name-1_69e2772d769cf-label\" class=\"forminator-label\">First Name <span class=\"forminator-required\">*<\/span><\/label><input type=\"text\" name=\"name-1\" value=\"\" placeholder=\"E.g. 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What is a verification:\u00a0 Being selected for an audit and verification are two different processes. With a verification, SARS is doing a face-value verification of the information declared by the taxpayer on the declaration or in a return. This involves the comparison of the information on the return [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4542,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"chat","meta":{"footnotes":""},"categories":[59,55],"tags":[10,9,8,11,12],"class_list":["post-379","post","type-post","status-publish","format-chat","has-post-thumbnail","hentry","category-personal-finance","category-tax","tag-sars","tag-sars-completion-letter","tag-sars-verification-letter","tag-tax","tag-tax-returns","post_format-post-format-chat"],"_links":{"self":[{"href":"https:\/\/evafinancialsolutions.co.za\/newsite\/wp-json\/wp\/v2\/posts\/379","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/evafinancialsolutions.co.za\/newsite\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/evafinancialsolutions.co.za\/newsite\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/evafinancialsolutions.co.za\/newsite\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/evafinancialsolutions.co.za\/newsite\/wp-json\/wp\/v2\/comments?post=379"}],"version-history":[{"count":22,"href":"https:\/\/evafinancialsolutions.co.za\/newsite\/wp-json\/wp\/v2\/posts\/379\/revisions"}],"predecessor-version":[{"id":4541,"href":"https:\/\/evafinancialsolutions.co.za\/newsite\/wp-json\/wp\/v2\/posts\/379\/revisions\/4541"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/evafinancialsolutions.co.za\/newsite\/wp-json\/wp\/v2\/media\/4542"}],"wp:attachment":[{"href":"https:\/\/evafinancialsolutions.co.za\/newsite\/wp-json\/wp\/v2\/media?parent=379"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/evafinancialsolutions.co.za\/newsite\/wp-json\/wp\/v2\/categories?post=379"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/evafinancialsolutions.co.za\/newsite\/wp-json\/wp\/v2\/tags?post=379"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}