SARS applauds compliant taxpayers for their contribution to South Africa’s growth  

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SARS owes its success in revenue collection to all the taxpayers and traders who remain compliant. These are men, women and companies who truly understand their obligation and always go out of their way to remain compliant and settle their outstanding debts.

SARS would like to thank every taxpayer and trader who is committed to being tax compliant.

Registering for and paying your taxes contributes to the provision of essential public services such as healthcare, education, and infrastructure.

These services are the backbone of a stable and thriving community and ensure that every citizen has access to the resources they need to lead a healthy and productive life.

Once more, we appreciate the contribution of diligent taxpayers who have already settled their SARS debt. Your commitment not only ensures compliance, but also contributes to the nation’s development and economic stability. Timely payments pave the way for enhanced public services, better infrastructure, and improved social welfare programmes that benefit all citizens.

For those who are yet to fulfil their tax obligations, SARS cannot overstate the importance of doing so promptly. SARS urges all taxpayers to diligently settle any outstanding debts. Non-payment of any SARS debt can lead to incurring a 10% penalty, interest that accumulates monthly and an undesirable collection process.

To avoid these additional costs, pay the full amount or make a payment arrangement to settle the debt.

Payments

SARS offers a range of payment methods, ensuring that you can meet your obligations easily and efficiently.

• Payments can be made at any of these banks: Absa, Capitec, FNB, Nedbank, and Standard Bank. Please quote the correct beneficiary ID and payment reference number (PRN). Please note that cash deposits into a SARS Customs and Excise bank account at any bank’s branch are no longer available as a payment option to SARS clients.
• Use the eFiling platform to complete your transaction.
• Make an Electronic Funds Transfer.

Payment Reference Number (PRN)

Make sure that you use the correct PRN. This is your ten-digit tax reference number, followed by the letter indicating the tax type and eight digits indicating the payment period.

In the table below, there are examples of payment reference numbers and bank account details indicating tax type.

February was a significant period for businesses with a financial year ending in February. SARS extends its gratitude to all taxpayers who have complied by submitting their Company Income Tax Returns and Provisional Tax Returns. We urge those who have not yet submitted their tax returns to do so immediately. Remember, as a taxpayer, you are obligated to file even after the 28 February 2025 deadline.

Any outstanding amounts on submitted returns must be paid, or a payment arrangement should be in place. Provisional taxpayers must compare their Income Tax Return with their Provisional Tax Return to ensure that there are no underpayments, thereby avoiding penalties.

Note:  Filing on time helps to avoid penalties and contributes to maintaining accurate and correct tax records.

Remember, your tax contributions are the lifeblood of our national budget, funding critical services and initiatives that drive South Africa forward. By paying your fair share, you play a vital role in building a stronger, more prosperous country for everyone