Accountants Cape Town
 CIPC Annual Returns
 FREE Company Registration
 Monthly Accounting Services
 PAYE Registration
 SARS Registrations
 Tax Clearance Certificates
 VAT Registration
 SARS Tax Debt
 SARS Tax Debt Relief
 Contact Us


SARS VAT Debt - Compromise

To have outstanding SARS VAT debt can be a terrifying affair for most people. The reason for this is mainly because the represented vendor / taxpayer can be held personal liable for the outstanding SARS VAT debt.

If you find yourself in a position that you got behind with VAT payments it is important to approach SARS with one of the following actions:

1. Application for a repayment plan over a period of time. SARS will generally easily accept a repayment plan of up to 6 months.

2. Application for a compromise of outstanding SARS VAT debt. With this application you will offer SARS an amount as full and final settlement of the outstanding amount. This application will only succeed if you do not have a big net assets value.

For both applications you would need the following documentation:
  • Last 6 months bank statements.
  • Financial statements for the latest complete financial year.
  • Management statements up to latest month completed.
  • Cash flow forecast for the following 12 months.
  • Motivation letter for the repayment OR compromise application
  • The necessary application forms.
Feel free to contact us for assistance with the application.

We are currently members of the Institute of Accounting & Commerce (The principle director JN Basson are registered with practice number AO652993) & South African Institute of Tax Practitioners.

 Enquiry Form

  Please complete the enquiry form below and one of our consultants we will get in touch with you, or phone us on 021 987 1288.

Registered Company Name:
Full Name:
Telephone nr:
Questions / Comments:

Enter Code:

Copyright 2014 - 2019 | Accountants Cape Town. Providing monthly accounting services to clients nationwide in South Africa.
All Rights Reserved | The principle director JN Basson are registered with the Institute of Accounting and Commerce with practice number AO652993.

Accountants Cape Town | CIPC Annual Returns | Company Registration | Monthly Accounting Services | PAYE Registration | SARS Registrations | Tax Clearance Certificates | VAT Registration | SARS VAT Debt | SARS Tax Debt | SARS Tax Debt Relief | Contact Us

Valid HTML 4.01 Transitional