SARS debt management and compromises
Presenters : Carmen Westermeyer
Overview
SARS has wide-ranging powers to collect any outstanding debt owed to it. A pay now, argue later" principle can be particularly challenging when the tax debt is under dispute. The aim of this video is to discuss the various options taxpayers have when they owe SARS money.
Video content
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How do objections and appeals impact debt collection?
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What does “pay now argue later” actually mean?
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What are my options when I have a tax liability?
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Under what circumstances may SARS issue third party appointments?
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Legal recourse if SARS has instituted debt collection processes
Competencies developed from this video
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What the different options for debt management are under the TAA;
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What are SARS's responsibilities;
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Understand the legal consequences of each option; and
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How to request a suspension of payment or debt compromise.