How to pay SARS Admin Penalty via eft

How to pay SARS admin penalty via eft: Paying a South African Revenue Service (SARS) administrative penalty via electronic funds transfer (EFT) is a quick and easy process.

7 Easy Steps on How to pay SARS Admin Penalty via eft

Here are the steps you’ll need to follow:

1. Gather the necessary information: To make an EFT payment to SARS, you’ll need the following information:

• Your SARS reference number
• The SARS bank account number (this can be found on the penalty notice or on the SARS website)
• The SARS bank account name (this can also be found on the penalty notice or on the SARS website)
• The SARS bank account branch code (this can also be found on the penalty notice or on the SARS website)

2. Log in to your online banking account: Log in to your online banking account and navigate to the “Transfers” or “Payments” section.
3. Add SARS as a recipient: You’ll need to add SARS as a recipient in your online banking account. You can usually do this by clicking on the “Add recipient” button and entering the necessary information, such as the SARS bank account number, name, and branch code.
4. Initiate the EFT transfer: Once SARS is added as a recipient, you can initiate the EFT transfer by entering the amount you wish to pay and the reference number. Be sure to double check the details of the transfer and make sure you are paying the correct account for SARS.
5. Confirm the transfer: Once you’ve confirmed the transfer, the payment will be processed. Be sure to keep a copy of the transaction confirmation for your records.
6. Confirm the payment: SARS will take some time to process the payment and confirm it, be sure to check your email or on the SARS account to ensure that your payment has been received.

Video: How to check if you have SARS penalties outstanding (Efiling tutorial)

It’s important to note that EFT payments can take a few days to clear, so make sure you pay the penalty well before the due date to avoid any additional penalties or interest charges.

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