SARS unpaid VAT bill now at R19.6bn

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Minister of Finance Pravin Gordhan (Netwerk24)
Minister of Finance Pravin Gordhan (Netwerk24)

Cape Town – The South African Revenue Service (SARS) delayed a total of R19.6bn of VAT refunds to vendors by the end of February 2017, National Treasury said in response to a parliamentary question.

The Democratic Alliance’s deputy shadow minister of finance Alf Lees asked Finance Minister Pravin Gordhan among other things what the total outstanding value of VAT refunds was for the periods March 1 2016 to February 28 2017, and March 1 2015 to February 29 2016, respectively.

Pointing out that the information provided by SARS could not be verified by National Treasury, Gordhan said the total value of VAT refunds claimed between March 2016 and February 2017 was R129bn, of which R19.6bn was not refunded by February 28 2017.

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