Tax season launched
2010-07-08
THE 2010 Tax Season for taxpayers was launched this week. Taxpayers can now request and submit their income tax returns for the financial year which ended on 28 Feburary this year, to the South African Revenue Service (SARS). As in previous years, taxpayers will again have the option to file their returns electronically via eFiling or at SARS branches, or manually via the post and drop boxes at their local SARS branch. SARS has already posted Income Tax Return Request (ITRR) forms which allow taxpayers who wish to file manually to order a customised tax return from SARS. The tax return will contain only those income and deduction sections relevant to the taxpayer. This year, SARS has introduced a range of service and enforcement enhancements. From this year SARS will no longer be issuing IRP6 provisional returns. Instead, those who are liable to submit an IRP6 provisional return must request one either via eFiling, the contact centre or their SARS branch. And you don’t need to submit a return if you have no provisional income to declare – even if you are registered for provisional tax. Taxpayers may face penalties and interest charges if they were liable to payment of provisional tax, but did not do so. The deadline for postal submissions (paper tax returns) for provisional and non-provisional taxpayers is the last working day of September (30 September). The deadline for electronic submissions through SARS branches and eFiling for non-provisional taxpayers and trusts is 26 November. The deadline for provisional taxpayers and trusts is 31 January 2011.
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