Sars appeals to companies to make tax payments on time

2011-03-29 08:50

The SA Revenue Service (Sars) today appealed to companies and large corporations to make their tax payments by Thursday as it was the last week of the current fiscal year.

“Over the next three days, Sars will be required to collect close to R42 billion in revenue in order to make the target which the Minister of Finance had set in the February 2011 Budget,” spokesman Adrian Lackay said in a statement.

“By midnight on Thursday 31 March 2011, Sars has to deliver R672.2 billion revenue in order to meet the target for the 2010/11 fiscal year.”

He said the biggest tax payments were expected from month-end VAT payments, and provisional corporate income tax payments.

Lackay urged businesses to make the payments early to avoid e-filing backlogs and queues at Sars offices.

Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Comments have been closed for this article.

Inside News24

 
/News
Traffic Alerts
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.