News - SARS – changes to bank details:

Change my bank details:

For security reasons and to protect taxpayers from potential fraud, changes to banking details can only be done in person at a SARS branch or via your efiling profile if you are a registered efiler. To read more:

Individual Income Tax:

• Original identity document/passport or affidavit to justify the absence of identity document/passport together with a temporary identity document/passport;
• Certified copy of identity document or passport;
• Original bank statement with the bank stamp that confirms the account holder's name, account number, account type and branch code; and
• Original proof of residential address, e.g. a municipal account/utility bill of an individual not more than three months old reflecting the name and residential address; or a confirmation of another entity's residential address, in which instance a CRA01 - Confirmation of Entity Residential address - External form must be completed. The CRA01 can be downloaded from the SARS website or obtained from your nearest SARS branch. Company Income Tax, Value-Added Tax and Pay As You Earn (CIT, VAT and PAYE)
• Certificate of Incorporation (CM1) in case of a Public/Private Company, Founding Statement and Certificate of Incorporation (CK1) in case of a Close Corporation and a Partnership Agreement in case of a Partnership,
• Original identity document/passport or affidavit to justify the absence of identity document/passport together with a temporary identity document/passport of an individual, a partner or an entity representative (not required if non-resident company has no presence in RSA),
• Certified copy of identity document or passport of an individual, a partner or an entity representative;
• Original bank statement with the bank stamp that confirms the account holder's name, account number, account type and branch code,
• Original proof of residential address, e.g. a municipal account/utility bill of an individual, a partner or an entity representative not more than three months old reflecting the name and residential address or a confirmation of another entity's residential address, in which instance a CRA01 - Confirmation of Entity Residential address - External form must be completed. The CRA01 can be downloaded from the SARS website or obtained from your nearest SARS branch.
• Original business municipal account/utility of a Company/Close Corporation/Partnership not more than three months old reflecting the name and residential address.

Non-resident Company for VAT only:

• Indemnity form VAT119i
• Articles of memorandum of association or similar document issued indicating country of issue,
• Letter of appointment of representative vendor, and
• Certified copy of ID of authorised signatory of nominated bank account.

Subsidiary or holding company as defined in section 1 of the Companies Act, 1973 for VAT only:

• Indemnity form VAT119i
• Letter from Public Officer confirming company structure, and
• Certified copy of ID of authorised signatory of nominated bank account.

Please view the other news items below:

Budget 2012 highlights - click to read more

Changes to provisional tax legislation - click to read more

Changes to travelling allowance - click to read more

Voluntary Disclosure program - click to read more

New Companies Act - click to read more

Implementation of the Companies and Intellectual Property Commission - click to read more

SARS – changes to bank details - click to read more

New Consumer Protection Act - click to read more

New Consumer Protection Act – registration of business trading names - click to read more

New Tax Administration Bill, 2011 penalties - click to read more