02/07/2020
As a result of Covid-19, tax season has now been moved to 1 September 2020. While we wait, here are the top 4 things you need to know about this tax season:
1. New tax filing dates have been introduced
Tax filing season will now begin on 1 September, which means that there are new deadlines for taxpayers.
For those who file their taxes online:
If you are earning a salary, with no provisional income, your tax season is from 1 September 2020 until 16 November 2020.
For those who file their taxes at a SARS branch:
SARS will only be accepting tax filing by appointment. Your tax season is from 1 September 2020 until 22 October 2020.
2. Don’t accept SARS auto-assessment.
SARS may contact you via SMS to auto-assess your taxes in August.
We advise you not to accept the auto-assessment and file your tax return on 1 September 2020.
This will prevent you from losing out on your full refund, or in the worst-case scenario, not receive a refund at all.
The auto-assessment does not allow you to claim tax deductions like medical expenses, donations, home office, wear and tear of resources, etc.
3. Get your documents ready
Even though the tax season has been delayed, that doesn’t mean that you have to delay the process of getting your documents in order.
Here’s a list of 6 of the most common documents that you will need:
1. IRP5 from your employer / Pension
2. Medical aid certificate
3. IT3b/IT3c showing your investments
4. Retirement annuity certificate
5. PBO certificate showing your donations
6. Travel logbook for business travel
4. Have a tax number & eFiling profile
If you have not registered for SARS eFiling and don't have eFiling profile, visit your nearest SARS branch or get in touch with us, we are happy to assist you at all times.
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