TAX SEASON 2017 NOW OPEN

The following article is an excerpt from our July 2017 newsletter:

Tax Season 2017 officially opened on Saturday, 1 July 2017 for eFilers. To assist you we have prepared some helpful information below.

Not everyone needs to file an income tax return. Taxpayers do not have to submit an income tax return if:

  • Their total salary for the year before tax is not more than R350 000
  • They only receive employment income from one employer for the full year of assessment
  • They have no other form of income
  • They don’t have any additional allowable tax deductions to claim

Ensure that you have all your documents ready:

  • 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.

Submission Deadlines:

  • eFiling
    • Non Provisional taxpayers  – 24th November 2017
    • Provisional taxpayers – 31 January 2018
  • Manual – 22 September 2017

Should you require professional assistance in completing your return please do not hesitate to contact our offices.

Visit our Newsletters page for more useful information.

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