Deferment accounts stay as they are – for now!

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In February 2015 the South African Revenue Service (SARS) published a communication proposing a fixed deferment period of one calendar month (except for the month of March) for all deferment account holders and that payment of the deferment account must be made on or before the 7th of the following month. Based on submissions received from stakeholders, as well as more urgent SARS priorities currently, the implementation of the proposal has been postponed. No indication has been given of the period of the postponement. Based on other priorities currently pursued by SARS,it in unlikely to be revisited in the foreseeable future.

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