Pay outstanding debt to avoid penalties and interest warns SARS
According to the South African Revenue Service (SARS), taxpayers are advised and encouraged to ensure all of their tax debts are settled before the due date.
TAXPAYERS have 20 days left to pay outstanding debt by Friday 29 March to avoid paying penalties and interest. Outstanding returns need to be submitted immediately.
According to the South African Revenue Service (SARS), taxpayers are advised and encouraged to ensure all of their tax debts are settled before the due date.
Taxpayers are warned that there will be high traffic on the networks and are urged to make payments early by midday on 29 March to avoid possible network delays, especially for the following:
VAT submissions and Payments
Excise duty payments
CIT Provisional tax payments
Your existing payment arrangements reached with SARS debt management
“If in doubt about how much you owe, how to make payment, what to do if you can’t pay the full amount immediately or if you want to make payment arrangements or don’t agree with the amount owing, contact SARS immediately on 0800 00 7277,” the service said in a statement.
“It is a criminal offence not to submit a tax return when it is due, and legal action can be taken if you do not pay the tax owed to SARS. There are a number of debt collection tools available to SARS to enforce payment of the tax debt and these include, issuing a judgement and having your name blacklisted, attaching and selling your assets or liquidating or sequestrating your estate.”
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