Which one of the following statements is correct with respect to refunds due to taxpayers?

Question

Accepted Answer

SARS may set off refunds on a taxpayer’s income tax against other outstanding taxes owing.

Answer

The refund has to be claimed within three years of a self assessment.

Answer

SARS may only make a refund to a taxpayer after such a refund has been audited.

Answer

The refund has to be claimed within five years of a SARS assessment.

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