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Deferment payment at the end of the financial year

17 March 2014   (0 Comments)
Posted by: Author: SARS Legal and Policy
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Author: SARS Legal and Policy

Upon further collaboration with trade, stakeholders are advised that statements for a thirteenth payment will close on 27 March 2014 at midnight with the payment due by no later than 12:00 on Saturday, 29 March 2014.

We appreciate the co-operative spirit displayed by trade in re-considering payment arrangements to assist SARS in successfully closing off the financial year-end.

In the event that any deferment account holder has difficulty in meeting this arrangement, you are advised to submit your written motivation for consideration to the Group Executive, Ms Rae Cruikshank –, by Wednesday 19 March 2014. Each of these cases will be considered on its own merits and for exceptional circumstances only.

Stakeholders are advised, specifically in cases where their bank does not transfer direct payments immediately, that they should ensure that payments are made sufficiently in advance in order to meet the payment deadline as above.

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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.


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.

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