How to Pay SARS eFiling through Nedbank

By Klnam Kurt •  Updated: 02/22/24 •  5 min read

Most taxes in South Africa are collected by the South African Revenue Service – SARS. Personal income tax, business tax, and value-added tax are only some of the many types of taxes collected by SARS (VAT). As a general rule, taxpayers have until the final day of each month to submit their monthly payments to SARS. SARS provides numerous alternatives for making payments, including online banking, direct deposit, and in-person transactions at participating financial institutions. Taxpayers should make every effort to pay their bills on time and submit complete data to avoid incurring penalties and interest. South African Revenue Service SARS is dedicated to serving taxpayers in a timely and professional manner.

- ADVERTISEMENT -

To file tax returns and declarations and use other services associated with SARS, you can do it online for free via the eFiling system.

In a safe and convenient online setting, taxpayers, tax professionals, and businesses can connect with SARS by filing returns and declarations, making payments, and more. Understanding your obligation regarding South African taxation, online banking, and payments is important. As part of our quota, we will update you on all information regarding SARS efiling through Nedbank.

How to pay sars efiling through Nedbank

Nedbank’s online banking service facilitates the electronic transfer of funds between customers and the bank. Fast and safe transactions can be made with SARS, vendors, and other parties. You can make a payment by accessing your Nedbank account online, entering the necessary information, and approving the transaction. Document the transaction for tax and accounting purposes. Nedbank makes it simple to send and receive money. 

Here’s how to use Nedbank to make a payment for your SARS eFiling:

How do I pay with Nedbank App?

Nedbank is one of the biggest financial institutions in South Africa, serving its customers with a full complement of banking, investment, and insurance services. Nedbank’s payment platform is one of the bank’s most valuable offerings because it allows customers to make payments and track their spending with minimal effort and time commitment.

Customers of Nedbank can manage their accounts and make payments from anywhere, at any time, thanks to the bank’s convenient payment platform, which can be accessed online, via a mobile app, or at any of its branches.

To keep its customers’ financial data and transactions safe, Nedbank employs cutting-edge security technologies like encryption and multi-factor authentication. Users of the platform can send their tax payments to SARS instantly, bypassing the need to go to a physical location. Nedbank users can enjoy many perks when making any type of payment, including SARS payments

- ADVERTISEMENT -
. Nedbank’s platform simplifies financial management and tax filing for its customers by being accessible, safe, and simple to use.

Where do I find my SARS PRN number?

Each payment form is assigned a unique number called a payment reference number (PRN) that can be used to verify the accuracy of the allocations listed on the form against the funds actually transferred. A customer can designate the amount, timing, and tax treatment of a settlement or payment using the PRN. A unique Payment Reference Number will accompany each payment you make to the South African Revenue Service. You can look it up on your tax bill or account statement issued by SARS.

You can find your unique PRN on the SARS payment form you’ll need to send money. To ensure proper SARS payment crediting, the PRN must be included with the payment.

How do I authorize SARS on the Nedbank app?

By giving SARS permission to access your Nedbank app, you can pay your taxes straight from your Nedbank account and easily manage your tax information and payment history. You can also get updates directly from the app about your tax payments and status.

The Nedbank app makes it easy and simple to give SARS permission. First, you need to be a Nedbank customer with access to the app and signed up to use it. After you have signed in to the app, do the following:

Does Nedbank have an immediate payment?

Customers of Nedbank can rapidly transfer funds to the bank accounts of any other financial institution in South Africa by using the bank’s online and mobile banking systems, which offer immediate payment services. This useful function allows customers to make payments in a simple, expedient, and risk-free manner without having to physically visit a branch location.

How long does Nedbank EFT take?

The processing time for EFT – Electronic Fund Transfers through Nedbank is usually one business day. This means that the money will be put in the recipient’s account on the next business day after the EFT is set up. Please keep in mind, though, that the exact time it takes for an EFT to be processed can vary based on things like the number of transactions and the processing times of the bank where the money is going. It may take up to two business days for your Nedbank payment to appear in your SARS eFiling account. 

- ADVERTISEMENT -

Keep Reading

How to Apply For SARS PBO

How to Apply For SARS PBO

In this article, we will be sharing more information on how to apply for SARS PBO, the registration process for PBO, and other relative topics.

Who Qualifies for Tax Returns in South Africa?

Who Qualifies for Tax Returns in South Africa?

Not everyone qualifies for tax returns. This article explains everything you want to know about tax returns. 

What is SARS eFiling?

What is SARS eFiling?

What is SARS eFiling? There are many solid reasons to use eFiling, so we compiled this guide to eFiling to help you.

How Does Auto-Assessment Work?

How Does Auto-Assessment Work?

Today we are unpacking some of the key aspects of this new system, and what you should know about it.

NOO – Notice of Objection

NOO – Notice of Objection

NOO – Notice of Objection. This guide explains everything you should know about filing a Notice of No Objection (NOO). 

What Time Does SARS eFiling Open And Close?

What Time Does SARS eFiling Open And Close?

This article seeks to provide taxpayers with all the information about time SARS eFiling Open And Close and more

How to Request A SARS Statement Of Account on eFiling

How to Request A SARS Statement Of Account on eFiling

Learn how to request a SARS statement of account on eFiling in South Africa. Keep track of your tax payments and expenses with this easy guide.

How to Declare Foreign Income On Tax Return in South Africa

How to Declare Foreign Income On Tax Return in South Africa

How to Declare Foreign Income On Tax Return. Read on to learn how you declare foreign income from the SARS tax return. 

How To Register To Pay SDL

How To Register To Pay SDL

Learn how to register for SDL in South Africa. Meet your legal obligation and contribute to the growth of the country's workforce by understanding the requirements and making payments. Get expert guidance here.

How to Pay SARS Through Absa Online Banking

How to Pay SARS Through Absa Online Banking

To pay SARS through Absa online banking, visit the Absa website home page and log into your account. Read on to learn how to pay SARS through Absa

Difference Between Input and Output Tax in South Africa

Difference Between Input and Output Tax in South Africa

he difference between these two is the VAT paid to the tax authorities. Read on to learn the difference between input and output tax in South Africa. 

How to Complete IRP6 On eFiling?

How to Complete IRP6 On eFiling?

This post will let you master each stuff you should know about the eFiling IRP6 exercise, including how to register an IRP6 SARS

How to Check SARS Correspondence on eFiling

How to Check SARS Correspondence on eFiling

Today we will walk you through the process of checking SARS correspondence on eFIling, and actioning anything you need to do based on it.

How to Accept SARS Auto Assessment

How to Accept SARS Auto Assessment

This article will provide all the details you need about this new system and a step-by-step walkthrough on accepting your SARS auto assessment.

How to Allocate Payments on SARS eFiling

How to Allocate Payments on SARS eFiling