DG
Daniel G

1 reviews | Active since Feb 2019

26 Feb 2019, 06:19

Mindlessly following outdated processes

I am trying to withdraw my RA after emigrating, I already have got tax clearance from SARS... who has changed their process, this following paragraph is directly from SARS:

With effect from 15 April 2016, SARS has introduced a new Tax Compliance Status (TCS) system which replaces the old Tax Clearance Certificate (TCC) system. The TCS system is available for the following applications: • Good standing • Tender • Foreign Investment Allowance • Emigration ---- However, Allan Gray will not accept the TCS PIN... this is their response:

Sadly, our system does not allow for us to generate a Tax Clearance Certificate (TCC) utilising the tax compliance status pin. Please provide us with a copy of the SARS issued Tax Clearance Certificate (TCC) in respect of the emigration (please note we cannot accept a good-standing certificate) --- I am now hooped, since SARS not longer issues the old TCC, and Allan Gray won't accept the new TCS. THIS DEFIES ALL LOGIC! HOW CAN A FINANCIAL INSTITUTION OF THIS STATURE NOT KEEP UP WITH THESE CHANGES FROM SARS.

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Replies (1)
Allan Gray
Allan Gray's reply26 Feb 2019, 19:05
Official
 Dear daniel-gerlag  Thank you for taking my call earlier today.  Please accept our sincere apology for the incorrect information we provided regarding the use of your Tax Compliance Status (TCS) Pin for your retirement annuity withdrawal due to emigration.  We acknowledge that the information we provided to you was inaccurate. As discussed, we will endeavour to ensure you are not adversely affected by our error.  We will continue to remain in contact with you regarding the progress of your instruction.  Kind regards  Raymond Nyamakanga | Client Relationship Manager