Direct Payments From eFiling Axed
09 September 2013
Posted by: Author: Ingé Lamprecht
Author: Ingé Lamprecht (MoneywebTax)
The option to make a direct payment to the South African Revenue Service (Sars) through its eFiling, website without additional authorisation, will soon be withdrawn.
This will not only affect third-party users of the eFiling website such as tax practitioners, but also businesses and individuals who do their own eFiling, says Marika Muller, Sars media unit deputy-spokesperson.
Last week, Sars announced in a communication to taxpayers that the so-called debit pull transactions on eFiling will be phased out and discontinued over the space of one month, starting on September 4 2013.
By initiating a debit pull transaction, the payer or account-holder authorises the entity they wish to pay to collect the money directly from their bank on their behalf. With regards to eFiling debit pull transactions, Sars was authorised by the taxpayer to collect the money owing directly from their bank, which it did by instructing its bank to collect the amount from the taxpayer's bank account.
To view the full article please click here: