WITH the close of Tax Season 2016 last week, the South African Revenue Service (SARS) has received 5.64 million returns, it said on Monday.
“SARS received 5.74 million returns by the close of tax season for non-provisional taxpayers on Friday, 25 November 2016,” said the revenue service.
Of the tax returns received, 4.16 million were submissions by individuals for the 2015/16 tax year, while 47 000 submissions were by trusts for 2015/16 tax year. SARS received 1.52 million returns for previous tax years from individuals and trusts.
“SARS imposed penalties to the value of R1.64 billion on defaulting taxpayers. Taxpayers that have not submitted their returns are urged to do so immediately. An astounding R15.5 billion in tax refunds were paid to 1.98 million taxpayers by the Tax Season deadline, directly contributing to household incomes and the domestic economy,” said SARS.
