Did you receive an Income Tax Return or were you asked to submit an Income Tax Return for the tax year? In August 2020 SARS expanded the use of their new auto-assessment technology to millions of taxpayers. 1 September to 22 October 2020: Taxpayers who cannot file electronically can do so at a SARS branch by appointment - CLOSED NOW. 1 September 2020 to 29 January 2021: Provisional taxpayers who file electronically. Every year, SARS announces its Tax Season, a period during which you are required to submit your annual income tax return. Let Tim submit your tax return direct to SARS in just a few clicks! Phase 3: Employee filing. Individuals can start submitting their income tax returns on 1 September 2020. If the populated information is incorrect on my ITR12 return, how do I correct this? SARS said that the first phase of the 2020 filing season was allocated to employers and other third-party data providers like medical schemes, retirement annuity funds and banks. If you have not yet received your IRP5/IT3(a)s and other tax certificates like medical certificate, retirement annuity fund certificate and other 3rd party data that are relevant in determining your tax obligations, you should immediately approach your employer or medical scheme or retirement annuity fund or other 3rd party data providers to make sure that they have complied with their submission requirements. The income tax return ⦠SARS eFiling is also available via the SARS eFiling App available in the App Store for Apple devices and Google PlayStore for Android. Where we have the required information, we will provide you with a proposed assessment without the need to file a tax return. SARS Tax Refund Calculator for 2020 Work out how big your tax refund will be when you submit your return to SARS Sars pays out R2.4bn in tax returns in first 4 days of lockdown. Flash is shutting down at the end of 2020 â hereâs what it means for SARS and tax returns . Follow us on Social Media for daily Tax Tips or keep an eye on this webpage for all the information. When does tax season start and end? 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%. The good news is that a significant number of individual taxpayers will be auto-assessed this year, and this process will happen in August. No need to call us, we will send you an SMS if you are selected to be auto-assessed. 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.
How to make an appointment at SARS If you accept your auto-assessment, any under or overpayment of tax will be processed as normal. 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. Gather your supporting documents, for example your IRP5/IT3(a)s, medical scheme certificates, pension and retirement annuity fund certificates and travel logbook. A guide on how to Register for eFiling and How to submit your Income Tax Return (ITR12) is available on the SARS website. The South African Revenue Service (SARS) auto-assessment programme is set to launch in August 2020, with many taxpayers receiving an SMS linked to ⦠To see all current SARS surveys, emails and SMSs, click here, How to Complete the Registration Amendments and Verification Form RAV01, How to Register for eFiling and Manage Your User Profile, Guide to the Individual ITR12 Return for Deceased and Insolvent Estates, TPPOA - Special Power of Attorney to Tax Practitioner - External (Form), IT77TR - Application for registration Trust - External form, ASPOA - Authority on Special Power of Attorney by Tax Practitioner - External (Form), ITR-DD - Confirmation of Diagnosis of Disability - External (Form), SPPOA - Special Power of Attorney - External (Form), 1 September to 16 November 2020: Taxpayers who file, 1 September to 22 October 2020: Taxpayers who cannot file electronically can do so at a SARS branch. Top Tip: If you would like to make changes to any of your responses on the page, you need to refresh the page. Taxpayers, your turn to file your tax return starts on 1 September this year. Individual income tax return filing dates. Here is some information on which taxpayers will be called and how you will know it's not a scam. (Interest exemption for 2020 tax year is R23 800 for taxpayers below 65 years of age and R34 500 for taxpayers 65 years and older). SARS Deadlines for Tax Year 2020. Not sure whether you must submit an Income Tax Return (ITR12)?Answer these simple questions and find out. See the Tax Tables. 1 September 2020 to 22 October 2020 â Manual filing of tax returns. A large number of taxpayers will be assessed automatically this year. For information to fill in your ITR12 correctly:
1 September to 16 November 2020: Taxpayers who file online. Get started Visit the Filing Season webpage for all the latest information. 31 January 2021 for provisional taxpayers who use eFiling. Tax Rates Visit the national COVID-19 Online Resource and News Portal at www.sacoronavirus.co.za or see SARS COVID-19 news items and tax relief measures here. The SA Revenue Service (SARS) has issued a reminder to individual taxpayers of a looming deadline for SARS tax returns 2020. Phase 1 â Complete. This enables you to view, accept or edit your proposed assessment from the comfort of your home or place of work using eFiling or SARS MobiApp. If you earn under R350 000 for a full year from one employer (total salary income before tax) and have no other sources of additional income (for example, interest or rental income) and no deductions that you want to claim (for example medical expenses, travel or retirement annuities), then you donât need to submit a return. You don't need to submit them but you will need them to check the pre-populated part of your return and to complete the other sections. SARS checks your Date Of Birth, ID number and Passport number with the Department of Home Affairs (DOHA), who are the official register of all Identification information. Why am I not able to change my identity number/passport number/passport country and passport issue date on my ITR12? Reset your eFiling username and password if you have forgotten them. Through the increased use of third-party data, SARS will be completing your tax return for you more accurately than ever. This means that SARS will complete your tax return with information from your employer, bank, medical scheme, retirement annuity administrator and other third parties. If you are visiting a SARS branch to file your tax return, you can file from 1 September 2020 and the deadline for filing is 22 October 2020. â SA Revenue Service (@sarstax) July 30, 2020 New tax changes explained Kieswetter explained that key to this change will be the use of auto-assessments. The Tax Season for 2020 opens on 1 September 2020. 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 16 November 2020 â Filing online via SARS e-filing or SARS MobiAPP. See Completing your ITR12
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. 1 June 2020 â 31 August 2020. ITR12 â Comprehensive Guide is available here
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. To file your Income Tax Return (ITR12) register for SARS eFiling at www.sars.gov.za. Can I claim professional subscription fees as a chartered accountant? If you want to edit your return, you can file your return on eFiling or the SARS MobiApp. Individual Income Tax Changes. 2oceansvibeâs favoured tax experts, Galbraith | Rushby, have provided a summary of what the latest SARS 2020 tax season announcement means for South African taxpayers. 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. Check your IRP5/IT3(a) if unsure. News 16.11.2020 12 :29 pm. But it may not pick up on ⦠The South African Revenue Services (SARS) recently announced that the year 2020 filing season would commence on August 1, 2020. 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. Register your profile now to ensure a smooth filing experience. No need to call us, you canÂ. Tax season, the months in which you need to complete and submit your tax returns to SARS (South African Revenue Service), runs from 1 June 2020 to 31 January 2021 for individual taxpayers. This can be done at SARS offices by appointment only and it is highly discouraged by SARS due to the dangers associated with Covid-19. Make sure that you have received your IRP5/IT3(a)s and other tax certificates like medical certificate, retirement annuity fund certificate and any other 3rd party data that are relevant in determining your tax obligations. Those who are filing their SARS tax return 2020, the following dates are important to note as they relate to individuals: Individuals who want to file online will be able to do so from the 1st of September until the 16th of November, 2020; SARS eFiling is a free, online process for the submission of returns and declarations and other related services. Did you receive an allowance such as a travel, subsistence or office bearer allowance? Tax Rebate Tax Year 2021 2020 2019 2018: 2017 2016 2015 Primary R14 958 R14 220: R14 067 R13 635 R13 500 R13 257 R12 726 Secondary (65 and older) R8 199: R7 794 R7 713 R7 479 R7 407 R7 407 R7 110 Tertiary (75 and older) R2 736 R2 601 R2 574 R2 493 R2 466 Non-provisional and provisional taxpayers who submit via eFiling have until November 16 2020 and January 29 2021 respectively to submit returns. 4 December 2020 for non-provisional taxpayers who use eFiling and the MobiApp. Where can I find information to help me fill in my ITR12 correctly? Do you hold any rights in a Controlled Foreign Company? Sars has had to make changes to the way it collects taxes this year due to ⦠If you accept the draft assessment, you wonât have to complete and file a tax return, and if you are due a refund, you will get it in the first week of August, Sars says. Do Your Tax Return Easily Avoid penalties Maximise your refund Tim uses your answers to complete your income tax return instantly and professionally, with everything filled in in the right place. SARS has designed the filing season 2020 for personal taxes covering 3 phases. Remember, you need to keep these for five years in case SARS verifies or audits your tax return. SARS has responded to current covid-19 challenges by making key changes to the personal tax filing season. Sars reminds taxpayers of 16 Nov deadline before filing season closes. If calling from within South Africa, contact the SARS Contact Centre on 0800 00 7277 (only between 8am and 4pm on week days). Time is running out for individual taxpayers to submit their income tax returns via eFiling and the SARS MobiApp. In a statement on Friday, SARS said Thursday, 22 October, 2020 is the deadline for taxpayers who wish to file their income tax return at a SARS branch. If you are registered for income tax, you will be required to submit an annual income tax return to SARS. Consequently SARS won't allow changes to this DOHA information on the return. Did you hold any funds in foreign currency or assets outside South Africa that have a combined total value of more than R225 000 at any stage during the tax year? Please note that if you are married in community of property your interest income must be divided equally between you and your spouse. The fact that SARS branches may not be visited without an appointment is also important for those taxpayers who must visit a SARS branch in order to submit their tax returns. 2020 saw another change, in the form of a delayed tax season. Now is a good time to get your tax matters ready to ensure a smooth filing experience! If you are filing your tax return via eFiling, you can file from 1 September 2020 and the deadline is 16 November 2020. The 2020 year of assessment (commonly referred to as a âtax yearâ) runs from 1 March 2019 to 29 February 2020. "The South African Revenue Service (SARS) reminds individual taxpayers, who are required to file an income return, that they have until Monday, 16 November 2020, to submit returns via the online platforms, namely the SARS MobiApp or eFiling," said SARS. Non-provisional taxpayers. D-Day for tax ... would affect the number of people submitting their tax returns, ... Covid-19 pandemic on personal income tax revenue.    To access this page in different languages click on the links below: How is interest paid to a non-resident from a South African source taxed? Taxpayers, your tax matters, we continue to make it easier for you to comply. In August, we will be assessing a significant number of taxpayers automatically. If you accept the outcome you do not have to file a tax return at all. 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. Phase One: Employer and Third-Party Filing, April 15 2020 â May 31 2020 (Complete) The issue with the new VAT201 HTML form has been resolved. The closing dates / SARS deadlines for Tax Season are as follows: 31 October 2020 for branch filing. 2020 Filing Season for Individuals. Visit the SARS website to learn how to register for, Contact your own tax advisor/tax practitioner. 1 September to 16 November â taxpayers who file online, 1 September to 22 October â taxpayers who cannot file online can do so at a SARS branch by, 1 September to 29 January 2021 â provisional taxpayers who file online. In a media briefing held on -5 May, SARS commissioner Edward Kieswetter reiterated that more than ever before, âtaxpayers need to remain compliantâ. The system is not functioning entirely as expected on the SARS side, and they are busy fixing the problems resulting from this on eFiling and their backend systems. 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. A person who earns remuneration income (which is not derived mainly from commission) cannot claim professional subscription fees against the income received. 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