Updated personal insolvency information made available on the SAR website
The Personal Income Tax Insolvency page on the SARS website has been updated. The webpage now provides information on when an individual is regarded as insolvent, what the effect of sequestration is and identifies who would be responsible for the tax affairs of an insolvent estate.
The Personal Income Tax Insolvency page on the SARS website has recently been updated with new information.
The webpage addresses the following topics and questions in respect of insolvency:
- When is an individual regarded as insolvent?
- What is the effect of sequestration?
- Who is responsible for the tax affairs of the insolvent estate?
- Deceased Insolvent Estates
- How do I get the process started to make SARS aware of an estate?
- Update of the Estate’s Representative Taxpayer details
- How do I change banking details?
The webpage can be accessed here.
298/09/2021
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