Taxpayers beware of SARS revenue collection

Section 95 of the Tax Administration Act allows SARS to raise original, additional, reduced or jeopardy assessments based in whole or in part on an estimate if the taxpayer either fails to submit a return, or submits a return that is incorrect or inadequate. This is not the time to take risks, as there is no time limit of how far back SARS can go when it comes to your company’s records.