SAFM 8PM NEWS BULLETIN
The South African Revenue Service (SARS) has urged South Africans to file their tax returns this year. Briefing the media, Sars Commissioner Edward Kieswetter said through its newly introduced auto assessment system taxpayers will be able to get their refunds within 72 hours. This will allow SARS to complete tax return for more than three million individuals through data collected from third parties like their medical aids. Taxpayers will start receiving auto assessment SMS's from next month. Tax payers can either accept or edit the SMS. Kieswetter says punishment for those committing tax fraud will be greater this year.