On 24 June the South African Revenue Service (Sars) announced that, effective on the day, it had introduced its “Excise External Policy: Prescribed Payment Rules”.
The policy applies to registrants/licensees who must comply with the prescribed payment rules. However, the policy does not cover: (i) Sars payment rules as these are dealt with in GEN-PAYM-01-G01; (ii) Declaration/Return submissions via eFiling as these are dealt with in document SE-ACC-02-M01; and (iii) Submission of accounts/returns as these are dealt with in document SE-ACC-05.
The Notice is accessible at:
Story by: Riaan de Lange