We have been receiving allot of enquiries related to SARS Tax Debt
from users who are currently experiencing cashflow problems. We are here to help and will provide you with the best possible advice on how to tackle this issue and what options are on the table for you in regards to your debt.
We are going to be exploring this issue in greater detail and please information related to this issue below:
Repayment plan from South African Revenue Service (SARS)
With SARS you can apply for a repayment plan, that would generally be stretched out over a period of 3-6 months. This solution is generally applicable to people who experience a cashflow problem and you would need to motivate this within a letter to them, stating the reasons and why you want to apply for such a repayment option.
This only application factor in this regard, is that your Tax debt can not be more than R50,000, but feel free to contact us about this option and we would gladly assist you in this regard.
SARS Tax Debt of more than R50,000
If your tax debt is more than R50,000 than you would need to compile the following list documentation and information related to your cashflow and current financial situation:
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- Latest management statements completed up to the current month
- Projected Cashflow forecasts for the next year
- A Letter of motivation why you need to be considered for the repayment plan from SARS.
- Bank statements: Your last 6 months of statements applicable
- All the applicable application forms provided by SARS
- All the latest financial statements related to the last completed financial year.
If you do need assistance with your tax debt and do want to discuss a possible Sars Debt Compromise
, be sure to contact us in this regard. We provide this service in conjunction with liquidation.
Simply complete the enquiry form below and one of our consultants to contact you, to discuss the process and how we can provide assistance.
For immediate assistance, please contact us directly on:
Tel: 021 987 1288