Certified copies of all directors / members and representative’s identity or passport documents.

Copy of the Certificate of Incorporation.

Original 3 months bank statements with bank stamp.

Proof of taxable supplies exceeding R 50 000. (ie. invoices/contracts).

Proof of residential address of representative tax payer not older than 3 months.

Proof of business address ( municipal account) not older than 3 months. If business address ( municipal account) is not in the company name, the following additional documents must be submitted:

•  Completed and Signed CRA01 Form
•  Certified copy of ID of 3rd party
•  Muncipal Account of 3rd party

Tax Free Investments were introduced as an incentive to encourage household savings.  This incentive is available from 1 March 2015.

• You don’t have to pay income tax, dividends tax or capital gains tax on the returns from these investments.
• a person is limited to an annual limit of R 36 000 as well as a lifetime limit of R 500 000.

The list below indicates the sars deadlines for the 2025 tax year:

• Paye return submission - the last business day before the 7th of every month.
• Vat submissions - the last business day before the end of the month.
• 31 May - IRP5 and EMP501 submission
• 01 July - Start of tax season
• 23 Oct - Personal Income tax return submission.
• 31 August - Provisional tax submission
• 30 Sep - Personal income tax top up payments.
• 28 Feb - Company income tax returns, and company and personal provisional tax returns.

• Proof of funds – Before an application could be granted, a person must demonstrate that they have the funds. One can therefore only apply for funds the taxpayer has and not for a larger amount. If more than one investment is made in a tax period, multiple foreign tax clearance applications could be made and granted by SARS. A clearance is valid for a period of 12 months from the date of issue. Should the investment not be completed within this time limit, a new application must be done. The source of the funds should also be disclosed (Such as a donation, inheritance, savings with supporting documents)
• Good standing with SARS – In order for a foreign tax clearance to be approved, all past returns must be up to date as well as the account must be in good order. In other words, a foreign investment cannot be made when a taxpayer owes SARS money or any outstanding returns. SARS may and will decline a request. 
• A statement of all assets and liabilities – This would include both local and foreign assets and liabilities and must be for the last 3 years. This should show all fixed property, cash and cash equivalents (such as shares) loans, vehicles, etc. as well as all amounts owing such as credit cards, mortgage, etc.
• Information as to where funds will be invested – This includes letters form brokers, banks, etc.
• Information with regards to the last 3 returns filed – This includes schedules of interest earned, capital gains, etc.

Write a formal letter to sars, requesting the tax debt to be setoff against the refunds. Email the signed letter together with the power of attorney to required email address together with the power of attorney.