What happens if you don’t pay SARS on time?

SARS, or the South African Revenue Service, is responsible for the administration of tax laws in South Africa. If you don’t pay your taxes on time, there can be several consequences. Here are some possible outcomes:

  1. Penalties and interest: SARS may impose penalties and interest for late payment. These charges can vary depending on the type of tax and the duration of the delay. The penalties can be a percentage of the outstanding tax amount, and the interest is typically calculated on a daily basis.
  2. Legal action: If you consistently fail to pay your taxes, SARS may take legal action against you. This can include obtaining a judgment against you, garnishing your wages, or seizing your assets to recover the outstanding tax amount.
  3. Debt collection measures: SARS has the authority to use various debt collection measures to recover the taxes owed. This can include issuing a final demand for payment, attaching your bank account, or instructing your employer to deduct the tax owed directly from your salary.
  4. Loss of certain privileges: Failure to pay taxes on time can result in the loss of certain privileges or benefits. For example, SARS may refuse to issue tax clearance certificates, which are often required for various business transactions or government contracts.

It’s important to note that the specific consequences can vary depending on the circumstances and the discretion of SARS. If you’re facing difficulties in paying your taxes, it’s generally advisable to contact SARS as soon as possible to discuss your situation and explore possible payment arrangements or other options that may be available to you.

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Top 15 Online Courses and Degrees to improve your employability

Technology and Computer Science Online Courses and Online degrees:

– Computer Science 101 Online Course from Stanford University through edX is a beginner-friendly course that introduces the core concepts of Computer Science, available for free with an option for certification for a fee.
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Web Development: Online Courses and Online degrees

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Introduction to Big Data Online Courses provided by the University of San Diego via Coursera delves into the fundamentals of big data, available at no cost with a certificate available for an extra charge.
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Business and Management: Online Courses and Online degrees

The PG Diploma in Data Science Online Course from IIIT-B focuses on a variety of programming languages and tools and is developed in partnership with leading industry players.
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Online degrees in Project Management from leading universities incorporate essential management concepts and business communication.
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The Advanced Certificate Programme in Cyber Security by upGrad and IIIT-B offers an in-depth learning experience over 12 months, combining content hours, projects, and live sessions.

Platforms Offering Diverse Learning Opportunities: Online Courses and Online degrees

FutureLearn offers accelerated courses, microcredentials, and professional certificates across multiple fields with various payment options including subscriptions.
Coursera partners with over 275 universities and organizations worldwide, offering a wide range of degrees and professional certificates.
Udacity specializes in IT and technology courses, with nanodegrees and programs designed in collaboration with industry leaders.
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These courses and degrees are designed to equip individuals with in-demand skills across various sectors, enhancing employability and providing valuable certifications. Whether interested in technology, data science, business, or other areas, these online resources offer flexible and comprehensive ways to learn and advance in your career.