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- Does the directive simulation take into consideration the IT88L indicator? No, the tax reflected on the tax directive simulation does not consider the IT88L amount, and the client has to contact their accountant/SARS to check what the outstanding amount of debt is.
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Does the tax reflected on the tax directive simulation consider the it88l amount?
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- PENALTY PAYMENTS TO SARS
- THE AGENT APPOINTMENT RECONCILIATION STATEMENT (ITA88R)
- Who might be appointed as agents?
- How will the employer receive the ITA88 Agent Appointment Notice?
- Making the administrative penalty payment to SARS
- Using eFiling to make your payment
- Over the counter at branches of the relevant banking institutions
- Debit order
- Over the counter at a SARS branch
- e@syFileTM Employer payments
- How will the employer receive the Agent Appointment Reconciliation Statement?
Making the administrative penalty payment to SARS Using eFiling to make your payment Electronic transfer via Internet banking Over the counter at branches of the relevant banking institutions Debit order Over the counter at a SARS branch e@syFileTM Employer payments
How will the employer receive the Agent Appointment Reconciliation Statement? How will the Agent Appointment Reconciliation Statement look? What must the employer do with the Agent Appointment Reconciliation Statement?
Possible agents who can be appointed for individual taxpayers include: Employers Any debtor who owes the taxpayer money Financial institutions, such as banks Attorneys Medical aid schemes (in case of members of the medical fraternity) Investment managers Insurance companies. These agents will only be appointed if they hold money on behalf of the ta...
SARS will issue the Agent Appointment Notice in the following manner: Via the e@syFileTM Employer application Via the post using the employer’s postal address.
The following channels are available to employers for the payment of administrative penalty amounts to SARS: eFiling Electronic transfer via Internet banking Over the counter at branches of the relevant banking institutions Debit order Over the counter at a SARS branch e@syFileTM Employer application.
eFiling is the free, secure electronic tax return and payment submission service offered by SARS to eliminate the risks and hassles associated with the submission of manual tax returns and payments. SARS eFiling provides far more convenient, reliable and accurate electronic payment facilities. eFiling is supported by the following banking instituti...
Any payment can be made at any ABSA, FNB, Nedbank or Standard Bank branch. These payments must comply with the same payment referencing requirements used for internet payments. Banks require the following information in order to accept and process SARS payments: SARS tax form/payment advice containing the 19-digit payment reference number and the t...
Debit orders made at SARS will not be activated in respect of eFiling. Once registered for eFiling, any debit order made with SARS will automatically be cancelled. The client must then initiate a new debit order arrangement with eFiling.
Payment can be made during Cash Hall offi ce hours at any SARS branch. For ease of processing, employers should ensure that the tax form/payment advice indicating the taxpayer reference number, tax type and tax period is attached to all payments.
For payments using e@syFileTM Employer, kindly refer to the e@syFileTM Employer User Guide available on the SARS website www.sars.gov.za
SARS will issue the Agent Appointment Reconciliation Statement in the following manner: Via the e@syFileTM Employer application Via the post using the employer’s postal address.
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The reason for the directive is a mandatory field and the employer must select a reason for the tax directive application. The employer must analyse the nature of the lump sum payment(s) that will be made to the employee and select the appropriate reason(s) provided on the tax directive application form.
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If the member has any outstanding tax (such as an IT88, etc.) SARS will not be able to provide these amounts on the simulation estimate. There will only be an indication on the simulation indicating that there are outstanding debts on the taxpayer’s account.
Sep 17, 2024 · The purpose of a tax directive is to enable SARS to instruct an Employer, Fund Administrator or Insurer on how to deduct employees’ tax from certain lump sums payable to a taxpayer or member. Employers, Fund Administrators and Insurers can request a tax directive from SARS via the following channels:
4 August 2023. It is our practical experience that many taxpayers underestimate the impact on their retirement or withdrawal amount, and that tax simulation is an essential step in the process. The South African Revenue Services (SARS) allows administrators to request a simulated tax directive prior to applying for an actual tax directive.
Aug 4, 2023 · If the client has any outstanding tax (such as an IT88, etc.) SARS will not be able to provide these amounts on the simulation estimate. There will only be an indication on the simulation that there are outstanding debts on the taxpayer’s account.
