SARS introduces expedited debt compromise process for taxpayers

THE South African Revenue Service (SARS) has announced a new Expedited Tax Debt Compromise Process to help taxpayers struggling with longstanding debts, while ensuring faster recovery of funds for the fiscus.

- WENDY DONDOLO

The move follows discussions between SARS and Recognised Controlling Bodies (RCBs), where both parties agreed on measures to make it easier for taxpayers to manage overdue obligations while keeping compliance central.

“SARS is always ready to assist taxpayers to fulfil their legal obligations,’ SARS said.

“Taxpayers who owe tax debt may often find it difficult to settle their debt due to financial challenges. SARS has various mechanisms to collect outstanding debt”

The expedited process, which will officially launch on October 13, is designed to address non-disputed tax debts older than 12 months.