INSIDE YOUR POCKET: What to do when SARS sends you a letter of demand.
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What do you do when SARS sends you a letter of demand for payment or, even worse, takes money directly from your bank account?
This is the reality faced by many South African taxpayers and SARS is under pressure to collect as much as possible due to their budget shortfall.
What is not well known, however, is that SARS is perhaps the most underrated debt collector in South Africa. SARS may not appear as an effective and threatening collector to the general public, but do not be fooled, SARS definitely is not all bark and no bite. Through various mechanisms written into the law, such as the letter of final demand, SARS may often take a considerable chunk of resources from the unsuspecting taxpayer.
This is the reality faced by many South African taxpayers and SARS is under pressure to collect as much as possible due to their budget shortfall.
What is not well known, however, is that SARS is perhaps the most underrated debt collector in South Africa. SARS may not appear as an effective and threatening collector to the general public, but do not be fooled, SARS definitely is not all bark and no bite. Through various mechanisms written into the law, such as the letter of final demand, SARS may often take a considerable chunk of resources from the unsuspecting taxpayer.
