DID YOU KNOW: Updating of Core Operational Details

In terms of Section 23 of the Tax Administration Act, 2011 (TAA), all registered taxpayers are legally required to notify SARS, within 21 business days, of any changes to core operational details. These include the following detail:

  • Postal, physical and electronic address particulars
  • Banking details
  • Public officer details (for companies)
  • Main trustee (for trusts)