What is a request for suspension of payment?
The request for suspension of payment is a written request in terms of the Tax Administration Act, 28 of 2011 (“the TAA”), whereby a taxpayer requests that a payment be suspended pending the lodging of a dispute.
Effect of the suspension of payment
The effect of the suspension of payment is that the taxpayer’s debt is automatically suspended, from the date that the request for suspension of payment is submitted to SARS, up and until 10 business days after SARS informed the taxpayer of its decision.
A senior SARS official will consider the request for a suspension of payment and will take various elements into account to assist the official in reaching a decision.
It is of the utmost importance that these elements are dealt with comprehensively and motivated meticulously in the taxpayer’s request for suspension of payment to ensure that the request is granted by a senior SARS official.