100%(1)1 out of 1 people found this document helpful
This preview shows pages 98–100. Sign up to view the full content.
Should you wish to nominate or use the bank account of another vendor, you must supply the necessary authority from the account holder (for example, company resolution) and provide indemnity to SARS against possible losses of amounts paid into such accounts on form VAT119i. This form is available from SARS offices or the SARS website. The fraudulent changes to vendors’ bank details remain one of the biggest risks that SARS has to deal with. SARS has a responsibility to protect vendors from any fraudulent transactions on their accounts emanating from within SARS or by the actions of others that are interacting with the VAT system who purport to act on behalf of vendors. To prevent such risks, vendors should note that under no circumstances will SARS request a vendor’s bank account details over the phone or accept bank account detail changes via telephone, facsimile, post, drop-box or e-mail. In order for a request to change bank details to be considered, the vendor or the authorised representative vendor’s details must always match the existing details on the SARS system and only changes through the following channels will be accepted: •In person at any SARS branch. (This is the preferred channel.) •Through the SARS eFiling channel if you are registered as an eFiler.Vendors visiting a SARS branch to change bank account details, must please ensure that they have the documents required as set out in the GEN-GEN-41-G01 – Change of Banking Details – External Guide. For more information, see the Change My Banking Detailspage on the SARS website. 87
has intentionally blurred sections.
Sign up to view the full version.