The 2014 South African Tax Season Ends Tomorrow. Have You Submitted Your Return?
Tomorrow, the 2014 tax season in South Africa will come to an end and people are scrambling to get their returns in to avoid penalties for not submitting within time. The Tax Season runs from July to November every year and for provisional taxpayers who submit via eFiling, until January of the next year.
Over 3.84 million South Africans had submitted their tax returns thus far. Over 2 million returns were completed via eFiling and over 1.8 million completed electronically at a SARS branch. Physical paper returns have been the lowest returns with just over 4000 having been submitted thus far.
SARS has seen a steep increase this week in the numbers of people using eFiling, the Contact Centre and visiting branches. Numbers have almost doubled in the week and tomorrow ques and submissions are expected to be higher than any other day. On Monday alone, there were almost 46 000 returns submitted on the day.
SARS have emphasised that a tax refund is not a right. All claims submitted without the correct supporting documentation will be disallowed. Taxpayers must not claim for expenses which are not allowable, and should never claim for expenses for which there is no proper evidence.
Beware Of Fraud
SARS has officially sent out a statement asking people to be aware of fraudulent schemes that request your banking details, claiming to be from SARS. SARS said they will never ask for personal, tax, banking or eFiling login details via phone or email. Taxpayers will also never be asked to log into the eFiling website from a link in an email.
For Those Unsure About Filing A Return, Here Are Some Tips For You
Not everyone needs to file a return. If you earn earn a gross salary of R250 000 per a year, have only one salary, have no other source of income, have no deductions you wish to claim for and do not have any car allowances from your employer then you need not file a return. (please note that you must answer yes to all the requirements)
Keep your relevant material (supporting documents) safely in your possession for at least five years in case SARS needs access to them in future. When completing your ITR12, have your relevant material to hand. You may need to refer to these, while completing your return; however, you must not submit them to SARS.
If you are visiting a SARS branch for an agent to help you submit your ITR12, you will need to take along proof of identity. Make sure you have a valid original or a temporary identity document/passport/driver’s licence.
Call the SARS Contact Centre on 0800 00 SARS (7277) should you need any further assistance. You can expect the lines to be very busy all day tomorrow so you might have to be on hold for a while. You can alternatively visit your nearest SARS Branch for assistance.
*information sourced from www.thecitizen.co.za and www.sars.gov.za