SARS has introduced an Expedited Tax-Debt Compromise Process to help taxpayers who are struggling with long-standing tax debt. This initiative is designed to help taxpayers who are having difficulties meeting their tax obligations because of cash flow limitations, offering a faster and more structured way to reach a compromise with SARS.
What You Need to Know
- The process applies to tax debts older than 12 months that are not in dispute.
- Certain cases are excluded, such as companies in liquidation, deregistered entities, estates, or matters under criminal investigation.
- Applications must include accurate disclosures and full supporting documentation; incomplete submissions will not be considered.
- SARS has committed to resolving qualifying applications within four weeks.
- Registered tax practitioners such as MaxProf are key to guiding taxpayers through the requirements.
- If you don’t qualify or remain non-compliant, SARS will continue with normal enforcement actions, which can be costly.
Tax debt can threaten the going concern of your business, especially when it has been outstanding for a long time. This expedited process is a chance to resolve debt faster and with more certainty, but it requires precision and compliance.
How MaxProf Can Help
As a trusted partner in tax and compliance, MaxProf can:
- Check if you qualify for the expedited compromise process.
- Prepare and submit the right documentation to meet SARS’ requirements.
- Engage directly with SARS on your behalf.
- Protect you from enforcement risks by ensuring compliance.
- Manage the process end-to-end, giving you peace of mind.
Contact MaxProf today to discuss your situation. Our experts will simplify the process, guide you through every step, and help you move forward with confidence.
