sars payment rules july 2011

7/22/2019 SARS Payment Rules July 2011

1/3JULY 2011 | Version 0

Payment RulesRULES FOR MAKING PAYMENTS



INTRODUCTION

Since 2009 SARS has implemented procedures and processes that are less susceptible to raud and inaccuracies, and provide clients

with an accurate record o payments. This year, urther changes are being implemented with respect to the submission o tax returns

and payments made by clients.

CHANGES TO THE SARS PAYMENT RULES

CHANGES SPECIFIC TO EMPLOYEES TAX PAYMENTS

In terms o Section 65 o the Income Tax Act No. 58 o 1962 the Commissioner can prescribe the orm in which tax payments

and returns must be submitted to SARS. With eect rom 1 February 2011 the ollowing have been prescribed in the

Government Gazette in respect o Employees Tax:

SARS will no longer accept any cheque payments which exceed the total amount o R100 000 in respect o Employees Tax

(PAYE/UIF and/or SDL) at any SARS branch or via post

Employers who pay, or are likely to pay Employees Tax, exceeding R10 million in any 12-month period, must submit

Employees Tax returns in an electronic ormat and make Employees Tax payments electronically.

CHANGES SPECIFIC TO VAT AND DIESEL PAYMENTS

In terms o paragraph (v) o the proviso to Section 28(1) o the Value-Added Tax Act No. 89 o 1991 the Commissioner

can prescribe the orm in which VAT payments and returns must be submitted to SARS. With eect rom 1 May 2011 the

ollowing have been prescribed in the Government Gazette in respect o VAT and/or Diesel payments:

SARS will no longer accept any cheque payments which exceed the total amount o R100 000 in respect o VAT and/or

Diesel at any SARS branch or via the post

All vendors alling within Category C in terms o Section 27 o the VAT Act must submit VAT returns in electronic ormat

and make VAT and/or Diesel payments electronically

Cheque payments in respect o Employees Tax and VAT and/or Diesel may not exceed R100 000. This applies irrespective o the

number o tax periods being paid. Furthermore, should multiple cheque payments be received, the total amounts received may not

exceed R100 000.

For cheque payments which are in excess o R100 000, taxpayers are requested to make use o the ollowing channels:

Deposit the cheques at a bank

Complete an internet banking transer

Make payment via eFiling on www.sarsefling.co.za. (Please note: To make payments via eFiling you need to register as an

eFiler on www.sarsefling.co.za).

CHANGES SPECIFIC TO INCOME TAX AND VALUE-ADDED TAX (VAT) PAYMENTS

In terms o Section 89sex(2) o the Income Tax Act and paragraph (iv) o the proviso to Section 28(1) o the VAT Act, the

Commissioner can prescribe the orm in which payments and returns must be submitted to SARS. With eect rom 1 May 2011

the ollowing have been prescribed in the Government Gazette in respect o the time and manner o payment:

Any payment made under the Income Tax Act and/or the VAT Act, using a SARS drop-box on a business day,

must be received by no later than 15:00, ailing which it will be regarded as having been received on the frst

ollowing business day.

INCORRECTLY REFERENCED TRANSACTIONS

The banks have implemented payment reerence verifcation checks on their electronic banking channels to prevent incorrectly

reerenced transactions.

Electronic Internet Transers (EFT) can be made through the ollowing banks:

ABSA

Capitec Bank First National Bank (FNB)

Investec

Nedbank

Standard Bank.

RULES FOR MAKING PAYMENTS



Payments can be made at a branch o the ollowing banks:

ABSA

FNB

Nedbank

Standard Bank.

Unique benefciary account IDs have been introduced, replacing the need or a bank account number to be specifed. This

means that clients and traders will no longer be able to view/add SARS bank account numbers but must instead make use o

the banks preconfgured benefciary ID listing when paying SARS to create SARS as a benefciary.

SARS eFILING

SARS eFiling is a ree, secure electronic tax return and payment submission service oered by SARS to eliminate the

risks and hassles associated with the submission o manual tax returns and payments. To register or eFiling go to

www.sarsefling.co.za.

The ollowing two types o payments may be aected on eFiling:

Credit push, which reers to payment transactions that are initiated on eFiling and presented to the banking product as bill

presentation, i.e. a payment request. Only once the user has logged into the banking product (e.g. internet banking profle)

and authorised the payment request the transaction will be regarded as an eected payment. Credit push transactions are

irrevocable once approved.

This means that a credit push is initiated by completing a payment transaction on eFiling. However, the transaction

itsel is not processed via eFiling but sent to the bank which you have listed with SARS under your Banking details

inormation. You will then need to log on to your internet banking solution where you will fnd the transaction rom

eFiling listed. You now have to authorise the payment to SARS as you would any other internet banking payment.

Authorised debit pull reers to payment transactions initiated on the eFiling site and authorised or each transaction. The

transaction is assumed to be successul ater user authorisation on eFiling. This payment mechanism involves the initiation

o a payment instruction rom SARSs bank to the clients bank. The debit pull mechanism may reverse due to insufcient

unds once the request is processed by the bank. Correct banking details are required to ensure the payment is successul.

A debit pull works like a once-o debit order where you give SARS permission via eFiling to collect the payment rom the

bank which you have listed with SARS under your Banking Details inormation.

All banks are supported or debit pulls on eFiling. The ollowing banks are supported or credit push on eFiling:

ABSA

Citibank

FNB

Investec

Nedbank

Standard Bank.

eFiling has been extended to provide or Customs and Air Passenger Tax payments.

DEBIT ORDER ARRANGEMENTS

Debit order arrangements currently registered with SARS or the fling o manual VAT201 declarations will be discontinuedwith eect rom 1 July 2011.

No new debit order applications will be accepted or the manual fling o VAT201 declarations. Clients that would like to apply

and/or continue to use the debit order unction are required to register or eFiling which is ree, secure, more convenient,

reliable and accurate.

The ollowing payment methods are available to clients:

eFiling

Electronically using the internet

At a branch o one o the relevant banking institutions

At a specifc SARS branch, or selected payments only.

MORE INFORMATION

For more inormation on the SARS payment rules, please reer to the FIN-GP-02-G1- SARS Payment Rules Reerence Guide

available on www.sars.gov.za or call the SARS Contact Centre on 0800 00 SARS (7277).

sars payment rules july 2011

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