How To Pay Withholding Tax On Interest South Africa WTI On EFiling South Africa

How To Pay Withholding Tax On Interest South Africa WTI On EFiling South Africa;- The Withholding Tax on Interest South Africa WTI is a tax charged on interest paid (on or after 1 March 2015) by any person to or for the benefit of a foreign person (which includes individuals, companies, etc.) from a source within South Africa.

How To Pay Withholding Tax On Interest South Africa WTI On EFiling South Africa

Step 1: Register for WTI

1. Log on to the eFiling website with your eFiling Login Name and Password.
2. Check if the ‘Income Tax’ under ‘Tax Types’ has been activated for eFiling. If not, please activate the Income Tax reference number.
3. If you register as a ‘Company representative’, it must be your individual income tax reference number completed in the representative screen and not the company tax reference number.

• To register for the WTI on eFiling:
  • If you are a Tax Practitioner or  Tax Representative, select a taxpayer from the drop down list and then click on:
    • ‘Organisations’
    • ‘SARS Registered Details’
    • ‘Register Withholding Tax on Interest’
  • If you are an Individual click on:
    • ‘Home’
    • ‘SARS Registered Details’
    • ‘Register Withholding Tax on Interest
  • Read the disclaimer on the screen below:
    • Select ‘I Agree’
    • Click on ‘Continue’
  • When the ‘Continue’ button is clicked the system will validate if the taxpayer is activated for Income Tax on eFiling.
  • If not activated for Income Tax on eFiling an error message will display:
    • If you do not have an Income Tax number, please contact the SARS Contact Centre for assistance or visit your nearest SARS Branch to register for Income Tax.
    • If you do have a valid Income Tax number, please use the Tax Types option to activate for Income Tax on eFiling.
  • If you are not an Active Registered Representative or an Active Tax Practitioner, an error message will display:

• • • To activate as a representative, please select the following options:
      • ‘Organisations’
      • ‘SARS Registered Details’
      • ‘Activate Registered Representative’
    • To activate as a tax practitioner, please select the following options to activate:
      • ‘Services’
      • ‘My TP Configuration’
      • ‘Practitioner Activation’
  • If the tax number is successfully activated for Income Tax on eFiling, the following screen will display:
    • The ‘Taxpayer Details’ will be pre-populated as per the taxpayer’s eFiling profile.
    • Click on the calendar icon and select the date from which you are liable for WTI. This date cannot be before 1 March 2015.
    • Click on ‘Register’.
  • A pop up screen will display to confirm that the WTI registration was successful. Click on ‘Continue’. The ‘Activation for Withholding Tax on Interest’ screen will display next.

Step 2: Activate WTI

• Click on ‘Returns’
  • Then on ‘Activation’:
  • Select ‘Returns’ and then click the following:
    • ‘Non-Core Taxes’
    • ‘Withholding Tax on Interest’
    • ‘Activation’
  • The activation screen will display:
    • The ‘Taxpayer Information’ will be prepopulated with the data available.
    • If the prepopulated information is incorrect, click on ‘Update Details’ to make the relevant changes.
    • If the prepopulated information is correct, select the checkbox for the disclaimer “I confirm the information above is correct and true for the taxpayer concerned”
    • Click on ‘Activate’.
  • Click on ‘OK’ on the pop-up message to confirm you want to activate the tax number for Withholding Tax on Interest:
  • The activation request will be validated by the system:
    • If the WTI activation is pending approval the following message will display:“Your activation request has been sent and is currently pending approval. Please check back again to see if your activation has been successful.”
  • If your information does not match the SARS records the following message will display:“Unfortunately, we could not match the details supplied. Please check that all details are correct and try again or contact us if the problem persists”.
    
  • Please contact the SARS contact centre on 0800 00 7277 for assistance.
  • If the reference number is activated for Withholding Tax on Interest, the status will indicate ‘Successfully Activated’

  • Step 3: Deactivate WTI (if neccessary)

    • Select ‘Returns’ and then click the following:
      • ‘Non-Core Taxes’
      • ‘Withholding Tax on Interest’
      • ‘Activation
    • The activation screen will display:
      • Click on ‘Deactivate’
      • Click on ‘OK’ on the pop-up message to confirm deactivation.
    • The deactivation will be confirmed.

Step 4: Complete the Return