168.    Criteria for instalment payment agreement

 

A senior SARS official may enter into an instalment payment agreement only if-

 

(a)     the taxpayer suffers from a deficiency of assets or liquidity which is reasonably certain to be remedied in the future;

 

(b)     the taxpayer anticipates income or other receipts which can be used to satisfy the tax debt;

 

(c)     prospects of immediate collection activity are poor or uneconomical but are likely to improve in the future;

 

(d)     collection activity would be harsh in the particular case and the deferral or instalment agreement is unlikely to prejudice tax collection; or

 

(e)     the taxpayer provides the security as may be required by the official.