SOUTH AFRICAN REVENUE SERVICE
MEDIA RELEASE NUMBER 2 OF 2001

17 JANUARY 2001

STATEMENT OF ACCOUNT - IT 93 NOTICE

SARS has made a business decision that receipts will no longer be issued with regard to payments received on Income Tax and that the IT93 Statement of Account will serve as confirmation of payments made.

Due to the following arrangements the issuing for receipts became redundant:

• Where clients make payments at their local Receiver of Revenue office at Cash office the receipt information is printed on the payment advice as proof of payment;
• Where payment is made at First National Bank, the deposit slip will serve as proof of payment;
• Where payment is made by means of the Internet the confirmation of the transaction will serve as proof of payment;

When a financial transaction (payment) is received in respect of Income Tax, a statement of account will be issued to the client at the end of the month within which the transaction has taken place.

The outstanding balance will be indicated on the client's account as well as any other transactions that may have taken place within that period. Alternatively if no financial transaction takes place within a six-month period and the taxpayer has an outstanding debit balance a statement of account will be issued every six months.

The statement of account (IT93) will not be issued where the following conditions exist:

• When a refund is issued
• When an IRP6 is issued (estimation on the account)
• When an IRP6 is processed (actual on the account)
• When an assessment is issued
• When payments are corrected
• When payments are reversed

ISSUED BY THE COMMISSIONER FOR THE SOUTH AFRICAN REVENUE SERVICE
PRETORIA