We have a client whose employer contributes to a pension fund (fringe benefit code 3817 – amount R77 742.00) and has the following deductions: Code 4001 (Pension fund contributions paid or deemed paid by employee) – R129 811 Code 4472 (Employer’s pension
Important:
This answer is based on tax law for the year ending 28 February 2020.
Answer:
Based on the information provided we agree with you. The SARS guide for codes for code 4472 states “If this code is completed, then codes 3817 and 4001 must be completed.” You didn’t say what ground SARS gave for the assessment. You can ask for reasons for the assessment or object to the assessment.