SARS has made amendments to its payment guidelines which take effect from Monday, 24 July 2023.
The South African Revenue Service has made amendments to its payment processes which come into effect from Monday, 24 July 2023.
According to SARS, the key changes involve new public beneficiaries that must be referenced when making external payments to the taxman, as well as removing cash deposits as an option for SARS Customs and Excise clients. With the latter, these clients are encouraged to make payments via EFT into the SARS public beneficiaries listed on the banking platform or eFiling.
“Customs and Excise clients who are required to declare goods electronically must, whether or not registered for deferment of payment of duty, use the SARS eFiling service when making a payment to SARS,” it said.banking, at a branch of an approved bank or at dedicated Taxpayer Service.” The revenue service published a document detailing the amended payment rules, including which banks can be used to make payments.EFiling has become the quickest and easiest way to resolve any payment needs with SARS. However, not all banks are supported. Banks like Discovery Bank, Bank Zero or TymeBank are not supported on the platform.
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