FINANCE: SARS Puts Its Foot Down
Recent Western Cape Business News
Cape Town Tax Consultants Anderson Whittle reports that the penalty deductions that SARS threatened in July 2010, followed by the IT 88 Agency appointment systems published in September, have now arrived in force in October.
Taxpayers are having penalty amounts owing deducted directly by an agent (normally the employer) appointed by SARS. Presently a penalty amount outstanding for two months after the issuing of the original penalty can lead to the employer, a bank, an attorney, a medical aid, a life or even an investment company can be appointed as an agent to deduct your money.
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