WHAT CONSTITUTES AN ASSESSMENT?
Wednesday, June 05, 2013
It is common practice that once SARS has received a taxpayer's return, it will be processed and an assessment will be issued. What, exactly, is an “assessment”? An assessment is defined in the Tax Administration Act (TAA) as the determination of the amount of a tax liability or refund either through a taxpayer’s self-assessment or an assessment by SARS.
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