Standard Bank South African (SBSA) is currently enhancing the Credit Push payment option for internet banking clients.
While the system is being developed, taxpayers are required to process their payment on eFiling and select "Manual Payments” (on the Payment – General Unpaid option) meaning the payment will not be processed through eFiling but a different channel may be used, e.g. EFT (Electronic Funds Transfer), over the counter payment at a Standard Bank branch or at a SARS branch.
What about the due date for VAT. May clients pay EFT with Standard Bank on the end of month without penalties or should they do payment on the 25th? Most client's do not have payments from their debtors on the 25th and do not have the money to pay VAT.
Section 240A of the Tax Administration Act, 2011 (as amended) requires that all tax practitioners register with a recognized controlling body before 1 July 2013. It is a criminal offense to not register with both a recognized controlling body and SARS.
MINIMUM REQUIREMENTS TO REGISTER
The Act requires that a minimum academic and practical requirments be set to register with a controlling body. Click here for the minimum requirements of SAIT.