20 July 2022 – SARS will be enhancing the Tax Directive Process. This enhancement entails the validation of specific data captured on the tax directive application form against the information held by the Financial Sector Conduct Authority (FSCA).
The changes will only impact the back-end processes of SARS; there will be no changes made to the IBIR-006 Tax Directives Interface Specification.
The following data will be validated against the Funds’ information as registered with the FSCA:
• the registered fund name;
• participating employer name; and
• FSCA registration numbers (participating employer number included) should be captured as it is on the FSCA data base.
Data captured on the tax directive application must correspond with the registration data with the FSCA. Incorrect data or omitted data will result in the tax directive applications being declined. For more information, click here.