Nicolaas Van Wyk, CEO, Chartered Institute for Business Accountants (CIBA) Nicolaas Van Wyk, CEO, Chartered Institute for Business Accountants (CIBA)

The Hidden Cost of SARS Verifications

Every year, millions of South Africans file their tax returns… and then get stopped dead by a SARS “verification”. In theory, this should be a quick check. In reality, it’s become a mini-audit asking for bank statements, medical aid proof, rental invoices, even electricity bills. How much time is wasted annually by ±2 million taxpayers collecting evidence, writing explanations, or paying a practitioner to do it?

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