Customs

Sars’ Excise External Policy on Prescribed Payment Rules

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:

https://www.sars.gov.za/AllDocs/OpsDocs/Policies/SE-PAY-02%20-%20Prescribed%20Payment%20Rules%20-%20External%20Policy.pdf

Story by: Riaan de Lange

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