Pay your VAT tax via eFiling
Imogen
Vollenhoven
22 October 2012
1st
October 2012 , being the date for Tax Administration Act. VAT vendors who
submit VAT returns electronically can now do it via eFiling and now have time
until the last business day of the month.
SARS confirmed this morning that a notice will be issued in terms of the Tax Administration Act of 2011 to clarify the practice generally prevailing prior to the effective date of the Tax Administration Act, it will in effect give authority to vendors to continue with the practice of submitting their VAT201 returns by the end of the month.
This comes as a huge relief to VAT vendors as they were not prepared for this new requirement.
It was assumed wrongly that SARS did not issue a public notice to VAT vendors was a silent confirmation that SARS will continue to accept VAT returns by the last business day of the month, without pursuing penalties and criminal charges as envisaged and allowed for the Tax Administration Act,2011
SARS confirmed this morning that a notice will be issued in terms of the Tax Administration Act of 2011 to clarify the practice generally prevailing prior to the effective date of the Tax Administration Act, it will in effect give authority to vendors to continue with the practice of submitting their VAT201 returns by the end of the month.
This comes as a huge relief to VAT vendors as they were not prepared for this new requirement.
It was assumed wrongly that SARS did not issue a public notice to VAT vendors was a silent confirmation that SARS will continue to accept VAT returns by the last business day of the month, without pursuing penalties and criminal charges as envisaged and allowed for the Tax Administration Act,2011
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