SARS Scam – don't pay SARS to quick

There are many people in the world who would steal you blind even if it was your last penny.

Any some of these merciless criminals work for SARS – South African Revenue Service.

They might send you a notification for payment of outstanding tax that you were not expecting. Probably you do not owe this money. Don’t be in too much of a rush to pay it.

First get your tax advisor to verify if in fact it is owed. Chances are it is a scam.

If it is well-and-good tax you overlooked and must pay, fine, pay it, but look out for telltale signs of scaminess, like old unsubstantiated computer-account extracts, and bank account numbers dressed up to look like SARS payment references. All these things look legit to the untrained eye.

Don’t let yourself get scammed out of your hard-earned cash!

 

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Keep your tax payments uptodate

Image via Wikipedia

The  South African Revenue Service (SARS) has extensive powers to collect tax. These powers are contained in various tax laws and are intended to facilitate the prompt collection of tax that is due. There have been a number of court cases dealing with the limitations of SARS’ collection powers.

The Western Cape High Court recently gave judgment in a case dealing with SARS’ collections powers. The case related to a judgment obtained by SARS against Fastmould Specialist CC in respect of Value-Added Tax (VAT) and employees’ tax. The VAT Act and the Income Tax Act both contain provisions allowing SARS to obtain judgments against taxpayers by filing a statement with the clerk or registrar of any competent court. The taxpayer is not afforded an opportunity to oppose the granting of the judgment.

via Court affirms SARS’ power to collect tax

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