In South Africa, the responsibility of submitting a tax return falls on the individual. This means that everyone who is required to submit a tax return must do so themselves.
The following people are required to submit a tax return:
– Those who earn an income and have not been exempted from doing so by the SARS
– Those with taxable income of more than R150 000
– Those with a taxable income of more than R50 000 and have not been exempted from doing so by SARS – Those who are self-employed – Those who have been nominated by a government department- Teachers and school support staff- Employees of the Department of Rural Development and Land Reform.
How to file your income tax return in South Africa?
A tax return form is a document that you submit to the South African Revenue Services (SARS) to declare your income and other tax-related information.
You must file a tax return if you are a resident who pays taxes in South Africa. This means that you are not only living in the country but also have an employment or business activity here and pay income tax on your worldwide income. You can pay your tax through the bank, via a SARS eFiling and via an electronic funds transfer.
What is the tax filing season in South Africa?
The tax filing season in South Africa is an annual event during which taxpayers are required to submit their returns for the previous year. This is done so that they can be assessed for the amount of tax that they owe or will be due at the end of the year.
When is the tax filing season in South Africa?
The tax filing season in South Africa starts on 1 July and ends on 31 August. The deadline for filing taxes is 30 September.
