New SARS Tax Compliance System – made simpler and easier

SARS has now improved compliance by introducing the enhanced Tax Compliance Status System, making it even easier for taxpayers to manage their tax affairs.

On the 18th of this month, SARS rolled out their final phase of TCS. Taxpayers are now able to log onto eFiling, query Tax Compliance Status and request a unique Tax Compliance Status (TDS) PIN, which the taxpayer can provide to an authorised third party to verify their compliance status via eFiling.

Tax clearance certificates issued by SARS are usually valid proof that the taxpayer’s affairs are up to date at date of its issue and that the monies owed to SARS are below R2 500 in total. Obtaining regular such clearance certificates for good standing purposes (not tenders) is now not just good practice, but necessary to protect yourself against future “attacks” by SARS!

To ensure another layer of protection, we recommend that all clients obtain regular comprehensive statement of accounts from SARS for all taxes as far back as possible for safe keeping – this will assist with any unexpected queries back-dated by SARS systems.

SARS debt prescription is 15 years which is the main reason for concern – the fact that a valid TCC and statement of account is placed on record at a certain date then moves the onus of proof from you to SARS!

We recommend that a regular compliance status check is performed to ensure that you remain SARS compliant according to SARS’ systems.

We strongly urge you to contact us for assistance on your tax compliance status or tax clearances applications!

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