LETTER OF FINAL DEMAND – STOP SARS IN THEIR TRACKS

The South African Revenue Service (SARS) continues to aggressively follow collection steps against taxpayers with outstanding tax debt. This includes withdrawing funds from bank accounts, garnishing salaries and threatening personal liability of company representatives. If you are in this position, it is important to know your legal rights as a taxpayer and how to ensure you have the best strategic team in your corner to gain the much-needed tax debt solution, tailor-made for you!

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WHY YOU NEED US ALONG FOR THE JOURNEY

KNOW YOUR LEGAL RIGHTS AS A TAXPAYER!

If you find yourself in receipt of a letter of final demand, and simply do not have the money to settle your tax liability, it is important to know your legal rights as a taxpayer and the steps available to you to stop SARS’ collections team.

What You Need:

The Suspension will in effect prevent SARS from implementing any collection measures against you whilst you get your facts and finances in order.

The Suspension of Payment is active from submission, meaning the taxpayer’s debt is automatically suspended, from the date that the Suspension is submitted to SARS. The Suspension will remain in place until formally revoked / declined by SARS, and even then, will remain in effect for a further 10 business days.

It is easy to be unaware of the full financial risk faced, when dealing with SARS, but it is important that taxpayers have an understanding when it comes to a tax debt; what it means, how it comes about and how SARS can legally reduce the amount you owed them!

Here at Tax Consulting South Africa, we believe in a bespoke solution approach, and our team of experts, including specialist tax attorneys and accountants will not only ensure the best results for you, but also guarantee legal professional privilege in all tax debt discussions.

GET IN CONTACT WITH OUR TEAM OF EXPERTS TODAY!

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Our specialist tax debt relief team is comprised of both tax attorneys and chartered accountants, to ensure the legally correct and most beneficial compliance solution is created for each and every client. We ensure legal professional privilege in all SARS debt relief negotiations, focusing on more complex and high value tax debt engagements with SARS. To ensure the benefit of our services outweigh the professional costs, we do not engage on matters where the tax debt owed to SARS is under R150 000,00.

The Compromise of Tax Debt application (“the Compromise”) is aimed at aiding taxpayers to reduce their tax liability by means of a Compromise Agreement (“the Agreement”), which is entered into with SARS.

Where SARS is approached correctly, a tax debt can be reduced, and the balance paid off in terms of the Compromise.

The effect of entering into a Compromise greatly reduces the tax liability to an affordable amount, while granting a much-needed reprieve, and so aids taxpayers on the road to financial recovery.

Once the Compromise is accepted by SARS, and the agreement duly executed, with payment being made as proposed by the taxpayer, the balance of the liability due to SARS is written-off by the revenue authority.

As evidenced in recent months, and in light of the on-going COVID-19 pandemic, our insight in the market has noted SARS upping its collection power to offset a massive budget deficit. Their aggressive collection steps include salary garnishees, Sheriff callouts and even taking money directly from businesses and/or personal accounts.

Now is not the time to take risks. SARS’ approach clearly shows we are dealing with a competent revenue authority, so why risk it when you can Compromise it!

Our multidisciplinary team of tax attorneys and chartered accountants have a proven track record of negotiating with SARS and have assisted many companies to successfully apply for a deferred payment arrangement. We guarantee legal professional privilege on your matter and follow a strict legal and compliant approach with solution-based thinking.

Full protection of legal privilege & all services quoted upfront.

HERE’S WHAT OUR CLIENTS HAVE TO SAY:

I definitely recommend Tax Consulting South Africa. They are professional, helpful and knowledgeable. I could not have got through the process without them. I really appreciate their 5 star service and I will be telling my friends and family about my excellent experience with them.

Nicole Howard

Excellent, efficient and professional service! Also, was well supported when dealing wit a sluggish financial institution to expedite the process. They went the extra mile – Thanks.

Werner Kaiser

Tax Consulting has been helping me with a serious problem that I had with SARS with my company. They have been truly excellent all round in terms of results, friendliness, swiftness of work, professionalism, pricing. We aren’t 100% complete yet, but thus far are getting great results. I would (and have already) recommend them to anyone for tax services, and in particular if you have a more complicated tax issue to resolve.

Andreas van Wyk

The most wonderful bunch of people one can meet! They are all totally helpful and were always willing to support and help me. They came through on a tough assignment and achieved every goal we set out to achieve. Special thanks to Ralitza and Jashwin. Please continue to flourish and prosper!

Ian Hammond

MEET THE TEAM

Andre Daniels
Head of Tax Controversy & Dispute Resolution
Admitted Attorney, LLB

Jashwin Baijoo
Associate Director
Head of Strategic Engagement & Compliance
Admitted Attorney, LLB, LLM (Tax)
Master Tax Practitioner (SAIT)
Professional Tax Specialist (SA)
SAIPA Tax Committee Member

Kindly note that our offices are closed between 25 December 2024 and 1 January 2025 and as such there will be a delay in our normal expeditious response times. Our teams are taking a short festive season break and will address your query upon their return on Thursday, 2 January 2025.