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The 2019 tax season will be closing soon, have you filed your return?
Branch filing closes on 31 October and eFiling closes on 4 December 2019
POLOKWANE – Tax season is a frustrating period but the sooner you get it done, the better.
eFilers will be first in line and can file from today, 1 July while branches will be open to assist you from 1 August 2019.
The following deadlines have been set:
Filing your tax returns is easy if you have all the correct supporting documents.
Here is what you will need:
To get ready to submit your tax return, you will need to gather all your supporting documents which include the following:
- IRP5/IT3(a) certificate(s) from your employer or pension fund
- IT3(b) certificates for investment returns
- Financial statements, if applicable e.g. business income
- Medical aid contribution certificates and receipts
- Retirement annuity fund certificates
- Certificates you received for local interest income earned
- Logbook and other documents in support of business travel expenses
- Completed confirmation of diagnosis of disability form (ITR-DD), if applicable
- Any other relevant income and deduction information.
- Bank account details
Remember, if you’re filing at a SARS branch, you have to bring all the documents applicable to you, plus original proof of identity (ID, temporary ID, passport or driver’s licence).
It is also important to check your IRP5 and verify if all the information is correct before attempting to submit your return. If you notice any errors which might need to be corrected, you have to advise your employer for them to rectify it.
It is also important to note the following:
This year taxpayers who meet ALL of the following criteria need NOT submit a tax return:
– Total employment income for the year before tax is not more than R500 000
– They only receive employment income from ONE EMPLOYER for the full tax year
– They have no other form of INCOME (e.g. car allowance, business income, and rental income, taxable interest or income from another job)
– They don’t have any additional allowable tax related deductions to claim (e.g. medical expenses, retirement annuity contributions and travel expenses).
– They only receive employment income from ONE EMPLOYER for the full tax year
– They have no other form of INCOME (e.g. car allowance, business income, and rental income, taxable interest or income from another job)
– They don’t have any additional allowable tax related deductions to claim (e.g. medical expenses, retirement annuity contributions and travel expenses).
