SARS owes taxpayers R1,7bn

22 October 2010 - 08:54
By I-Net-Bridge

THE South African Revenue Service owes value added taxpayers R1,7billion in refunds that have run beyond the three-weekdeadline.

Disclosing this in a written reply to a question in Parliament yesterday, Finance Minister Pravin Gordhan blamed "verification procedures" which are taking longer than 21 working days to finalise.