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The 2018 Tax season closes on the 31st of October 2018!

The 2018 Tax season closes on the 31st of October 2018. If you would like us to assist you in submitting your personal income tax return, please send the following information:

  • IRP5’s from all employers

  • IT3’s (a-c) for all sources of income

  • Interest certificates other that IT3’s

  • Retirement annuity contribution certificate

  • Medical aid contribution certificate

  • Additional medical expenses paid that were not claimed through the medical aid. – This is currently a hot topic for SARS to audit so please ensure that additional expenses claimed was not claimed through the medical aid already and that you have proof of payment for these expenses.

NB: All medical expenses should be in the name of the tax payer. If it is in the name of the dependant, SARS will disallow it because they say that the dependant can also claim these expenses (double deduction)

  • Schedule and supporting documentation of other income earned and expenses deductible relating to this income.

  • As you know this is currently a hot topic for SARS to audit and we require you participation in ensuring all expenses can be supporting and is a valid business expense

  • Capital gains or losses made on sale or disposal of fixed assets

  • Dividend tax paid certificate.

  • Donation certificate with valid PBO number.

  • Travel log – we can’t generate this for you. It is illegal, but we will gladly send you a travel log template that you can use to generate this logbook. SARS requires you to submit a logbook and might request this from us.

  • Any other document that might be relevant to your personal income situation i.e. out of country confirmation letter from employer, letter from school indicating disability

  • Etc.

 If you have not received one of the above documents yet, please request this from your employer, investment fund or medical aid to ensure that you receive all this information timeously.

 If you have any queries on what you need/outstanding or just general queries, please don’t hesitate to contact us on 0116581324 or contactus@anlofin.com

Administrative penalties will be applied to late filing of tax returns and range from R200 to R5,000. In accordance with the Tax Administration Act No. 28 of 2011 (TAA), and specifically Section 234 (d), it is a criminal offence not to submit a tax return for any of the tax types a taxpayer is registered for. 

Let’s get everything submitted to SARS as soon as possible to avoid frustration.

PS: Taxpayers should be alert of scams where refunds are promised or where the taxpayer is informed of debt they owe SARS. 

Annja LoucaSARS, TaxComment