SARS Discontinues the Use of Cheques

---

SARS Discontinues the Use of Cheques

• 18 November 2020
• South African Accounting Academy

The South African Revenue Service (SARS) has issued a media releases on 12 November 2020, informing members that it will discontinue accepting cheques as a form of payment.

As from 14 December 2020, SARS will not accept cheques as a form of payment at Customs ports of entry and banks from 1 January 2021.

Taxpayers and Customs clients who need to make payment to SARS can use one of the following options:

• eFiling
• Electronic Funds Transfer (EFT)
• At a bank branch (cash and EFT). All payments can be made at any ABSA, Capitec, FNB, Nedbank or Standard Bank branch
• Travellers entering and leaving the country will still be able to pay cash at the port of entry.

Read the media releases here:
https://www.sars.gov.za/Media/MediaReleases/Pages/12-November-2020-SARS-will-discontinue-the-use-of-cheques.aspx

SA Accounting Academy (SAAA) offers Subscription Plans, Live Webinars, Webinars On-Demand, Access to Experts, Courses, Articles and more: https://cpd.accountingacademy.co.za

0 COMMENTS

LEAVE A COMMENT