Tax Season runs from 1st July to 25th November every year.

With the 2016 Tax Season now underway, it is important to collect all the required supporting documentation as soon as possible so that your tax return can be submitted on time.

Please make a note of the following important deadline dates for individual taxpayers (including trusts):

  • 23 September 2016: Manual/postal submissions
  • 25 November 2016: Provisional and non-provisional taxpayers who file at a SARS branch
  • 25 November 2016: Non-provisional taxpayers who file electronically via e-Filing
  • 31 January 2017: Provisional taxpayers who file electronically via e-Filing

Information required for individual tax returns includes:

  • IRP5/IT3(a) certificate(s)
  • IT3(b) certificates for investment returns
  • Financial statements where applicable e.g. business income
  • Medical aid contribution certificates and receipts
  • Retirement annuity fund certificates
  • Certificates for local interest income earned
  • Logbook and other documents in support of business travel expenses
  • Completed confirmation of diagnosis of disability form (ITR-DD), if applicable
  • Any other relevant income and deduction information
  • Bank account details

Individuals with a total salary not exceeding R350 000 (before tax) during the year of assessment from  1 March 2015 to 29 February 2016 need not file a return, provided that:

  • The individual only had one employer
  • The individual had no car allowance or other income (e.g. interest or rent).
  • The individual was not claiming tax related deductions (e.g. medical expenses, retirement annuity contributions, travel expenses etc).
  • The individual received interest from a source in South Africa not exceeding R23 800 (for those younger than 65) or R34 500(for those over the age of 65).
  • Dividends were paid to the individual as a non-resident during the 2016 year of assessment.

Company tax returns can only be filed electronically and must be submitted within one year of the company’s year-end.