Last Updated on September 21, 2023 by ufiling
To pay a SARS (South African Revenue Service) administrative penalty via Electronic Funds Transfer (EFT), you can follow these steps:
- Gather the necessary information:
- SARS banking details: You’ll need SARS’ banking details to make the EFT payment. These details may include the bank name, branch code, account number, and account holder information.
- Penalty reference number: Make sure you have the correct penalty reference number provided by SARS. This number will be used to link your payment to the specific penalty.
- Set up your EFT payment:
- Log in to your online banking platform or visit your bank’s branch to initiate the EFT payment.
- Add SARS as a beneficiary: Add SARS as a beneficiary on your online banking platform by entering their banking details accurately. Double-check the details to avoid any errors.
- Enter the penalty reference number: When setting up the payment, ensure you enter the penalty reference number provided by SARS in the relevant reference or payment reference field. This number will identify your payment.
- Verify payment details:
- Before confirming the payment, carefully review the beneficiary details and the penalty reference number to make sure they are accurate. It’s essential to avoid any mistakes, as incorrect information could cause delays or complications.
- Initiate the payment:
- Enter the amount you need to pay as the administrative penalty imposed by SARS.
- Follow the prompts on your online banking platform or complete the necessary fields at your bank branch to initiate the EFT payment.
- Keep payment confirmation:
- After completing the payment, make sure to keep the proof of payment. This could be an electronic receipt or a physical printout if you made the payment at a bank branch. The proof of payment is important in case there are any discrepancies or disputes in the future.
- Allow for processing time:
- It may take a few days for the payment to reflect on SARS’ system. This processing time is normal for EFT payments, so be patient and allow sufficient time for the payment to be processed and credited to your account.
If you have any concerns or questions about making the payment, it is always advisable to contact SARS directly or visit their website for the most up-to-date information on payment methods and procedures.