Can Sars take your pension to settle tax debt?

October 21, 2024 By: 0 comments

<p><img src=”https://biz-file.com/c/2410/754849-208×117.jpg?2″ width=”208″ height=”117″ alt=”Image source: Le Moal Olivier –” align=”left”><br><span >Image source: Le Moal Olivier – [[www.123rf.com 123RF.com]]&lt;/span><p>The South African Revenue Service (Sars) has powers under section 179 of the Tax Administration Act, 2011 (TAA) to issue a notice to a person who holds or owes money to a taxpayer to pay such money over to Sars to settle a tax debt. Such notice is issued after giving a final demand for payment to the taxpayer setting out the recovery steps that Sars can take.</p><br> <a href=”https://www.bizcommunity.com/article/can-sars-take-your-pension-to-settle-tax-debt-363438a”>Read more…</a> | <a href=”https://www.bizcommunity.com/SendToFriend.aspx?l=196&c=710&ct=1&ci=252713″>Send to a friend</a></p><div style=”clear:left”></div>