Tax season deadline looms

The tax season closes at midnight on Friday 24 November for non-provisional taxpayers.

 

While provisional taxpayers - who earn income other than a salary - have until 31 January 2018 if they submit their returns via eFiling.

 

The South African Revenue Services (SARS) says taxpayers can file at their nearest branch during normal office hours until 16:00 on Friday or midnight if done electronically via eFiling.

 

Sars says its branches will not be open on Saturdays after 24 November.

 

Spokesperson Sandile Memela says while late submissions will be accepted and processed, these may attract penalties which range between R250 and R16 000.

 

Taxpayers can request a Statement of Account via SARS eFiling or at a SARS branch to see if they have any penalties owing to SARS for outstanding returns or owe any other amounts.

 

When filing at a Sars branch, make sure you have the following documentation:

 

· Proof of income such as:

  - IRP5/IT3(a) from your employer or pension fund

  - Tax certificates for investment income IT3(b)

  - Tax Free Investments certificate(s) IT3(s)

  - Financial statements (e.g. for business income), etc.

 

· Proof of deductions such as:

- Medical aid contribution certificates and receipts

- Completed confirmation of diagnosis of disability form (ITR-DD) if you want to claim any disability expenses

- Retirement annuity contribution certificates

- Information relating to foreign tax credits withheld

- Travel logbook (if you receive a travel allowance or use a company car), etc.

· Proof of identity: ID, passport or driving licence if you visit a branch to submit your return.