South African Revenue Services Account
South African Revenue Services Account, below is all the necessary information you need to know about the payment method at South African Department of Revenue Services.
MAKE A PAYMENTWhat’s New?
The deadline for outstanding tax returns and payments due by end of March, was Thursday 29 March 2018, before Easter. Due to the long weekend, taxpayers were requested to pay by 12-midday. Pay conveniently online, on time – avoid penalties and interest. Being late could cost you! Options for paymentsCurrently there are a number of options available to you if you want to make a payment to SARS:
1. At a bank Payments to SARS can be made at the following banks: Absa, Albaraka, Bank of Athens, FNB, HSBC, JP Morgan, Mercantile, HBZ, Nedbank, Standard Bank and Capitec.
Please quote the correct beneficiary ID and payment reference number (PRN).
Top tip: Air Passenger Tax (APT) payments can only be made at Absa, Nedbank, FNB and Standard bank branches.
2. Payments via eFiling Taxpayers are advised to set-up a credit push option or use one of SARS’ alternative methods of payment.
With a Credit push, the payment is performed by you, the bank account holder. When making a payment to SARS, eFiling will send a payment request to your bank which will reflect the amount that needs to be paid on the relevant bank product.
The taxpayer then authorises this request normally via the relevant bank product. This forms an instruction to the bank to make the payment to SARS.
Credit Push payments are considered to be irrevocable and can only be made if the account holder has the necessary funds. A Credit Push transaction can be cancelled only before it is not approved.
The following banks can be used for eFiling payments : Absa, Bidvest Bank, Capitec Bank, Citibank, FNB, HSBC, Investec, Nedbank, Standard Bank, Standard Chartered, Mercantile Bank, AlBaraka, Sasfin and HBZ.
3. Electronic Funds Transfer (EFT) Payment may be made via the internet banking facilities by simply using the standard drop-down listing of pre-loaded beneficiary IDs provided by the bank. All SARS beneficiary IDs are prefixed with the naming convention “SARS- <Tax Type>”. All internet payments must be correctly referenced to ensure that SARS is able to identify your payment and correctly allocate it to your account. You will not be able to make a payment if your reference is incorrect.
The following banks support this method: ABSA, AlBaraka, Bank of Athens, Capitec, FNB, HBZ Bank, HSBC, Investec, JP Morgan, Mercantile Bank, Nedbank and Standard Bank.
4. At a SARS Customs branch
5. Foreign payments Please note: This payment method should only be used by foreign taxpayers where no other payment options or channels are available e.g. where payments using eFiling, internet banking (EFT) or payment at a bank is not available.
Top tip: If a foreign taxpayer has a South African bank account, this payment method may not be used.
Payments can be made electronically into SARS’ bank account using the standard SWIFT 103 message and the Beneficiary ID/Account Number “SARS-FOR-999”. Only FNB supports this method.
Need more information?For more information on the SARS payment rules, please refer to the list of payment documents below.
|
|||
|