Prescription under the TAACT
I hope the undermentioned notes will help:
According to paragraph 8.6 of SARS ‘ "Short Guide to the Tax
Administration Act" page 37 the 3 years commences from the date of the
assessment(21/07/2009).See extract enclosed hereunder:
8.6. Periods of limitation
for issuance of an assessment
To provide certainty to
taxpayers TAAct prescribes periods after which SARS cannot raise an assessment.
8.6.1. SARS administered tax
and self-assessment tax
The period that applies depends
on whether the underlying liability arose from an assessment by SARS or through
a self-assessment by the taxpayer.
Table 5: Periods of limitation for issue of assessments Incident
Original assessment is issued
Three years from date of the
The words "date of
assessment " is defined under section 1 of the said Act and means:
In the case of an assessment by SARS ,the date
of the issue of the notice of assessment ;or
In the case of self assessment by the taxpayer…”
; presumably (b) relates to Vat.