Discontinuation of debit pull – 1 months’ extension granted on certain transactions

SAIT Member Alert 01 October 2013:

“SARS has listened to the plea from SAIT and the other recognised controlling bodies and has granted an extension of a month for debit pull transactions. Thus the debit pull option will still be available for certain payments until the end of October 2013, on condition that the approved representative agrees to the declaration which appears on the screen.

SAIT, however, encourages you to prepare your clients for performing credit push transactions or to use one of our alternative methods of payment.” 

Prof. Sharon Smulders
CA(SA), Master Tax Practitioner (SA)
Head of Tax Technical Policy & Research

Should you have any queries with regards to the above mentioned article, which was published by the SAIT, please do not hesitate to contact Juanita Roman at our offices on 021 683 4834. 

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