SARS TAX DEBTS?

KNOW YOUR RIGHTS AS A TAXPAYER AND THE RELIEF MEASURES THAT ARE AVAILABLE TO YOU.

What starts as a one page letter from SARS, may quickly become a fight to hold on to your financial freedom, resulting in a tense tax dispute with little hope for resolution or mediation. Many South African taxpayers are unaware that there is another legal solution, in the form of a reduced settlement with SARS.

Our services are carefully designed to cater to the specific requirements of individual professionals and/or corporates who are facing substantial tax debts surpassing R200,000.

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THE CONSEQUENCES OF AN OUTSTANDING TAX LIABILITY WITH THE SOUTH AFRICAN REVENUE SERVICE.
HERE’S WHAT YOU NEED TO KNOW

What is deemed a Tax Debt?

A tax debt includes any and all taxes due to SARS, for which the taxpayer has failed to adhere to the stipulated payment deadlines.

A tax debt may arise for various reasons, the most common of which are:

a simple error or miscalculation while submitting your annual tax returns
inaccurate advice from your accountant or financial advisor
neglecting personal income tax or not submitting annual returns
not ceasing your tax residency while working abroad
purposely withholding tax
not disclosing all your earnings, investments or assets

SARS’ aggressive collection steps when faced with outstanding tax returns, often result in the revenue authority helping themselves to your bank balance, or garnisheeing salaries.

Received A Letter Of Demand? Now What?

What starts as a final letter of demand for arrears owed to SARS, can quickly escalate to collection measures being implemented against you, while the arrears owed continues to balloon due to interest and penalties imposed by SARS.

In order to correctly prevent the implementation of these collection measures, SARS must be approached legally for the most viable solution to be reached, in the form of:

A Suspension of Payment Application;
A Compromise of Tax Debt Application; or
A Deferral of Payment Application.

Know Your Legal Rights – We Can Help

If your outstanding liability with SARS has you facing the prospects of costly litigation in the Tax Court, whether by circumstance or by accident, it is of pivotal importance to know your legal rights and exactly where you stand as a taxpayer. The various alternate relief mechanisms available to you, to either Suspend the immediate payment of the liability, or reach a settlement on the total outstanding amount, must be fully understood, and where SARS is approached correctly, they are most amicable to aiding the struggling taxpayer.

We are there to engage SARS, with both financial and legal assistance, and negotiate the most viable solution for both the revenue authority and taxpayer, being the best possible outcome for all parties concerned, at the lowest cost.

I definitely recommend Tax Consulting South Africa. They are professional, helpful and knowledgeable. I could not have got through the process without them. I really appreciate their 5 star service and I will be telling my friends and family about my excellent experience with them.

Nicole Howard

Excellent, efficient and personal service! Also, was well supported when dealing with a sluggish financial institution to expedite the process. They went the extra mile – Thanks.

Werner Kaiser

SPEAK TO US ABOUT RELIEF MEASURES AVAILABLE TO YOU

Kindly note that our offices are closed between 25 December 2024 and 1 January 2025 and as such there will be a delay in our normal expeditious response times. Our teams are taking a short festive season break and will address your query upon their return on Thursday, 2 January 2025.