FAQ: What is a Payment Reference Number (PRN)?
Each payment form is pre-populated with a unique payment reference number, or PRN, which is used to match the allocations on the payment form to the actual payment made. The PRN enables a client to designate exactly what is being paid/settled, i.e. the specific period and/or tax type. The payment reference should always be 19- […]
FAQ: What is a payment form or a Payment Advice Notice (PAN)?
The payment form serves as a source document that specifies which taxes must be/are being paid. A payment form may either be in the form of an assessment (IT34 for Income tax) or Statement of Account (SOA) , , or in the form of a tax return that (eg. VAT201, EMP201) is filed. These forms […]
FAQ: How does the introduction of the payment form and PRN affect administrative penalty notices and payments?
Assessment notices, Statements of Account and other collection notices issued by SARS in respect of administrative penalties, contain the new PRN. This reference number must be quoted when making a payment to ensure that the payment is assigned to the correct transactions.
FAQ: Can a Dividends Tax payment still be made without submitting a DTR02 return?
Yes, a payment can still be made without submitting the Dividends Tax return, however, a payment reference number must be requested via the following channels to accompany the payment: eFiling; SARS branch. The Statement of Account can also be used to acquire a payment reference number.
FAQ: How can a Dividends Tax payment be made?
By legislation every company/regulated intermediary is required to withhold Dividends Tax on any dividend declared after 1 April 2012. There will be no more fixed cycle dates and it is the responsibility of the company/regulated intermediary to pay over all Dividends Tax due to SARS the moment a dividend was declared. A Dividends Tax Return […]
FAQ: What is a credit push?
A credit push is payment transaction initiated on the eFiling site and presented to the banking product as a payment request. Only once the user has logged into the banking product and authorised the payment request, is this transaction regarded as an effective payment. Credit push payments are assumed to be irrevocable.
FAQ: Is there any particular reason why the customers would have to use Connect Direct to perform this function, or is this just a recommendation by SARS?
SARS has decided on CD for submission of bulk data for now. For certain data types using the CD technology is a specific requirement, however, SARS also allows submission on the other channels if the taxpayer does not wish to make use of the CD technology. SARS is however considering other options as well for […]
FAQ: The source identifier, containing the security token will be supplied by SARS to the customer, but only in cases where the Channel Identifier = ‘CD’. Correct? However, what should be used if Channel = IFL?
The Source Identifier for the CD channel will be issued by SARS per user that enrols and activates for submission on CD. The process of enrolment and activation will be facilitated on eFiling.
FAQ: Has SARS considered using FTP technology for the submission of VAT supporting data?
Yes, however, the only channels made available for VAT supporting data submission will be the Direct Data Flow Channel using Connect:Direct.
FAQ: How is data authorisation done?
With every file that a vendor submits, either a VAT500 for summary level supporting data or a VAT501 for line item level supporting data is generated and sent to the vendor on eFiling (for data submitted on the Direct Data Flow channel). The vendor must open the authorisation letter (VAT500 or VAT501). The vendor must […]
