Through the increased use of third-party data, SARS will be completing your tax return for you more accurately than ever. If you are registered for income tax, you will be required to submit an annual income tax return to SARS. Remember, you need to keep these for five years in case SARS verifies or audits your tax return. If calling from outside South Africa, contact the SARS Contact Centre on +27 11 602 2093 (only between 8am and 4pm South African time on week days). 1 September 2020 to 29 January 2021: Provisional taxpayers who file electronically. 4 December 2020 for non-provisional taxpayers who use eFiling and the MobiApp. Get started When does tax season start and end? A large number of taxpayers will be assessed automatically this year. Why am I not able to change my identity number/passport number/passport country and passport issue date on my ITR12? As from 1 March 2015 interest from a South African source paid to a non-resident will be taxed at a final withholding tax rate of 15%. Phase 3: Employee filing. This means that SARS will complete your tax return with information from your employer, bank, medical scheme, retirement annuity administrator and other third parties. This free service allows taxpayers, tax practitioners and businesses to register free of charge and submit returns and declarations, make payments and perform a number of other interactions with SARS in a secure online environment. See Completing your ITR12
SARS has designed the filing season 2020 for personal taxes covering 3 phases. Non-provisional and provisional taxpayers who submit via eFiling have until November 16 2020 and January 29 2021 respectively to submit returns. Sars has had to make changes to the way it collects taxes this year due to â¦ Individual Income Tax Changes. For manual completion:- If the populated information is incorrect, you can change any populated information by :-Using a black pen to write over the information printed in pink. Can I claim professional subscription fees as a chartered accountant? Visit the Filing Season webpage for all the latest information. Every year, SARS announces its Tax Season, a period during which you are required to submit your annual income tax return. To file your Income Tax Return (ITR12) register for SARS eFiling at www.sars.gov.za. SARS eFiling is a free, online process for the submission of returns and declarations and other related services. In August 2020 SARS expanded the use of their new auto-assessment technology to millions of taxpayers. Where can I find information to help me fill in my ITR12 correctly? 2oceansvibeâs favoured tax experts, Galbraith | Rushby, have provided a summary of what the latest SARS 2020 tax season announcement means for South African taxpayers. The revenue collector revealed that it had made a few changes as a result of the coronavirus pandemic to improve compliance of all taxpayers and at the same time, promote effectiveness. In an effort to simplify tax return filing requirements for individual taxpayers and curb branch visits, SARS announced a phased approach that started in April 2020 and will end in January 2021. If you want to edit your return, you can file your return on eFiling or the SARS MobiApp. Sars pays out R2.4bn in tax returns in first 4 days of lockdown. Click on the left menu on âreturn issuedâ, then âPersonal Income Tax (ITR12)â, then on the top right, click on ârequest returnâ for the year 2020. The 2020 year of assessment (commonly referred to as a âtax yearâ) runs from 1 March 2019 to 29 February 2020. Taxpayers, your tax matters, we continue to make it easier for you to comply.Â In August, we will be assessing a significant number of taxpayers automatically.Â If you accept the outcome you do not have to file a tax return at all.Â We auto-assess based on the data we receive from employers, financial institutions, medical schemes, retirement annuity fund administrators and other 3rd party data providers. SARS eFiling is also available via the SARS eFiling App available in the App Store for Apple devices and Google PlayStore for Android. If you accept your auto-assessment, any under or overpayment of tax will be processed as normal. On May 5 , SARS announced new tax filing seasons and a much more heavy-handed approach to companies who are not submitting their EMP501âs and IRP5âs timeously. Please note that if you are married in community of property your interest income must be divided equally between you and your spouse. 31 January 2021 for provisional taxpayers who use eFiling. D-Day for tax ... would affect the number of people submitting their tax returns, ... Covid-19 pandemic on personal income tax revenue. For more info on how to prepare for Filing Season, Taxpayers, your tax matters are in better hands when you make use of eFiling or the SARS MobiApp.Â Register your profile now to ensure a smooth filing experience.Â No need to call us, you canÂ. 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