SARS Tax Clearance Certificates – CFO360

Tax Return for Individuals

Share This Post

Share on facebook
Share on linkedin
Share on twitter
Share on email

The end of Tax Clearance Certificates?  New Tax Compliance Certificate process implemented by SARS

On 18 April 2016 the South African Revenue Service rolled out phase 3 of its enhanced tax clearance certificate process.  In the past, all avenues to obtaining a Tax Clearance Certificate for tenders or in general led to having to go to a SARS branch to obtain a print of the clearance certificate.  With the new procedure, the entities’ tax status can be verified online by the Third Party.

This is a definite improvement over the previous system and should ease the burden of obtaining tax clearance certificates on entities.  The new system also introduces a handy dashboard that supplies an overview of all items that currently indicate the entity as non-compliant with SARS.  Another handly functionality to the taxpayer is the ability to see who has viewed their status online and allowing the taxpayers to allocate payments themselves and challenge the status given by SARS.

The main process by which tax clearance certificates will now be verified is by supplying an institution with a PIN  in order to verify the taxpayer’s status online but it appears the third party will need to have access to SARS Efiling to verify the tax compliance status of the entity.  Entities without an EFiling profile will presumable have to gain access to EFiling before they can verify the status of a third party.  The online verification gives the verifier the ability to enter Tender amounts and duration for tenders awarded though it is unclear how this information will be used.  An online document can be printed by the third party to denote the status at the time of verifying.

SARS has issued a comprehensive guide to the new system that can be found here.
  
At CFO360 we can assist you with obtaining a SARS Tax Clearance Certificate with the least amount of hassle.
 

More To Explore

Accounting

How To Choose The Right Accountant

An Accountant that works well with You and Your Business. The birth of the double-entry bookkeeping from Luca Pacioli changed accounting forever. Currently, we are going through a similarly revolutionary change in the field of accounting. Accountants should no longer only seen as bookkeepers that merely collate and file returns, but rather as a Swiss army knife

Tax

Budget Speech 2019 Highlights: Tax Raises And An SOE Burden

Before the end of February each year the Finance Minister of South Africa passes a budget speech. In Minister Tito Mboweni‘s maiden budget speech he was left with little fiscal room to manoeuvre. At CFO360 we like to give you a quick update on the highlights of the budget speech and how it applies to you:

Do You Want To Boost Your Business?

drop us a line and keep in touch

Scroll to Top