Making payments to SARS can be made in several ways. They include paying through the bank, an eFilling channel, EFT, at a branch or via foreign payments. The process involves every taxpayer in South Africa who may be employed or own a business eligible for taxation.
Payment of tax to the country’s revenue collection body (SARS) is vital as citizens are required to be tax compliant and always pay on time to avoid penalties and fines from the institution. After submitting payments, taxpayers receive an IT34 form, which gives an overview of their tax. In this article, we will look at different ways of paying to the South African government.
Paying SARS at a bank
Making payments via a bank can be done at specifically designated banks like Absa, FNB by using the FNB swift code, Nedbank, Capitec, and Standard bank. You only need to have SARS banking details, including an account number, personal information, and reference number when making your payment. Afterwards, the bank will notify you of the successful procedure with an ITA34 summary.
Paying SARS via eFilling
You will need a tax reference number to pay via eFilling. EFilling is just like paying through online means, for instance, internet banking. You can do it via a phone or desktop by following these steps:
- Click on the tax button in the eFilling app.
- Type your tax reference number with your payment type and amount.
- Select the type of credit card payment or any other mode of payment.
- Click on the Confirm payment button.
- Print out the confirmation information with the payment reference.
- Log in to your banking app and verify the payment.
Paying SARS via EFT
- Log in to the company's eFilling i-pay website with your account details, including your username and password. An income tax work page should appear.
- Request a notice on previous tax notices and SARS ITA to see if there are any outstanding balances.
- Then request a statement of account for any balance in the last six months.
- Lastly, view your statement of account showing your bank account, reference number details, and the amount to be paid.
Payment via a SARS branch
Imbursement of revenue through branches is no longer in use. This is probably due to the use of technology, which has eased mode of making fee through cash in hand. The revenue country branches no longer accept cash or cheque payments. They can only be done in and through banks. Nevertheless, customs and excise duty branches use cash and cheque payments.
How to pay SARS via Absa?
Being a listed beneficiary of SARS, Absa helps taxpayers make their tax returns through a simple online process.
- Login to the Absa website.
- Key in your personal details that are your username and password.
- Later key in your bank account number.
- Include your amount payable and wait for a successful confirmation of your payment.
Making SARS payment through foreign payments
This mode of payment is only made by those outside South Africa and where there is no payment option available. Foreign taxpayers can make EFT payment via the company's bank accounts by using their account number and a standard SWIFT message code number. Lastly, they will receive an ITA34 SARS notification.
Frequently asked questions (FAQs)
Here are some of the most common questions asked about the process of paying to SARS.
How do I make payment to SARS?
One can make such payment directly to the revenue account number or wire the amount payable to through selected banks.
How do I pay SARS via Capitec EFT?
Capitec is a bank beneficiary of the revenue company; therefore, taxpayers can make payments through it. You only need to login to their website, key in your personal details and account number. Lastly, feed in your bank account number and pay the outstanding tax amount.
How do I pay SARS through FNB?
FNB is a beneficiary of the revenue collection company. FNB bank members can pay their tax via the bank by simply logging in to their website, type your personal account details and account number, and you are good to go.
Can you pay SARS with a credit card?
It is possible to pay via a credit card. Enter the credit card number in the payment option for EFT or eFilling and pay the amount payable.
The steps on how to pay SARS in the mentioned methods are easy to do when the proper procedure is followed. Eventually, a taxpayer will receive an IT34 notice on their annual or monthly payments.
DISCLAIMER: This article is intended for general informational purposes only and does not address individual circumstances. It is not a substitute for professional advice or help and should not be relied on to make decisions of any kind. Any action you take upon the information presented in this article is strictly at your own risk and responsibility!