How to make EFT payment to SARS?

[Dave A]

This page on SARS payment rules should help.

In brief - search for SARS as a listed company beneficiary - this should produce a list that looks like this:



Add the relevant beneficiary to your list of beneficiaries.

When it comes to the payment reference number (or PRN) the structure has three parts:
First 10 digits - taxpayer registration number
11th character - tax type indicator (V in the case of VAT)
last 8 digits - the period in the format 00mmyyyy

So assuming a VAT registration number of 1234567890 as example, the reference for a payment for the August 2013 period would be as follows:

1234567890V00082013

[J7J]

Thank you very much! I appreciate your advice.