Sars tax season 2017

Sars has sent personalised and direct communication to taxpayers who may not have to submit a return, based on information submitted during. Irs announces 2017 filing season opens january 23, reminds. Taxpayers must remember the deadline for submission of 2017 tax returns, as failing to comply with the deadline will. Significantly, during tax season 2017, sars prevented r2. Sars has just shortened its deadline for tax returns. It is important for taxpayers to note that the south african revenue service sars has implemented different deadline dates for the submission. During the 2016 tax season, 1,8 million people who did not need to submit a tax return did so, while in the 2017 tax season, 1,6 million people. The tax filing season for the 2017 year of assessment for individuals opened on 1 july 2017. Taxpayers are urged to complete their returns on time.

The closing dates sars deadlines for tax season are as follows. Nonprovisional taxpayers who efile or submit their returns electronically at a sars. Tax return threshold increases to r500 000 but there are catches its not often that tax and good news appears in the same bracket for south africans, but sars have announced. Sars income tax calculator for 2021 work out salary tax paye, uif, taxable income and what tax rates you will pay. Tax season 2019 started on 1 august 2019 for nonprovisional individuals. Helpyouefile will make completing your individual income tax return. Well tell you when you need to file, along with tax tips and updates. Sars cuts deadline for tax returns on monday, 04 june 2018, the south african revenue service sars announced some changes to the tax filing season. Tax season 2017 is open the tax season opened on the 1st of july for individuals to submit their income tax returns. An employees guide to understanding your irp5 rsm south. Sars home tax rates income tax rates of tax for individuals. The new york state department of taxation and finance today announced that the income tax filing season officially kicks off on monday, january 29.

This free service allows taxpayers, tax practitioners and businesses to register free of charge and submit returns and declarations, make payments and perform a number of other interactions with sars in a secure online environment. South african revenue services on 2017 tax season south. Ask a tax question tax calculators stepbystep guides register for. Dr beric croome, tax executive at ens, offers some advice that taxpayers registered on the sars efiling system should keep in mind. The 2018 tax season for individuals is open on 1 july 2018 for efilers and our branches are open to assist you from 2 july 2018. Tax season is an opportunity for taxpayers to reconcile their personal income and taxrelated deductions with sars. It is important for taxpayers expecting a refund to note that sars has implemented additional risk processes for sars tax season 2017 to ensure both the legitimacy and accuracy of the refunds paid. Tax practitioners, whose primary filing channel is efiling, are using branches to file taxpayers returns. For the 20162017 tax season the irs efile online tax filing system will open on monday, january 23rd. Pretoria, 6 july 2017 sars would like to thank all those taxpayers who have already submitted their income tax returns. Paying taxes is hardly anyones idea of fun, but to help you survive the dreaded annual tax season, we have summarised what you.

The announcement of the shortened filing season, aimed at improving efficiency, allows additional time for sars, taxpayers and the tax fraternity in general, to deal with. Pretoria tax season 2017 has officially opened and the south african revenue service sars has issued some helpful tips to assist. A shorter filing season allows additional time for sars, taxpayers and the tax fraternity to deal with returns. The 2017 tax season will open for individuals on 1 july, and sars has released some handy tips and information to make the process pain free for taxpayer. A shorter filing season allows additional time for sars, taxpayers and.

Tax season 2019 for individuals tax season 20192020. Let tim submit your tax return direct to sars in just a few clicks. Regards the south african revenue service ysars service income as a beneficiary of trusts if pur client received income as a. Tax season 2017 is due to kick off on 1 july, meaning it is time for taxpayers to submit their returns for income earned between 1 march 2016 and 28 february 2017. You can technically submit as early as january 1st via your tax provider or online filing software, but the irs will not process until it opens up its efile system. The new measures attack taxrelated identity theft from multiple. Furthermore in the 2016 and 2017 tax years a total of 935 269 and 868 562 registered efilers opted to submit their returns at the sars branch. Pay solutions have smart tips which will assist with your income tax return.

The irs continues to work with state tax authorities and the tax industry to address taxrelated identity theft and refund fraud. Tax season 2017 is open tax consulting south africa. Tax season 2017 is around the corner dear taxpayer tax season 2017 is around the corner tax season 2017 starts on 1 july. Filing of paper tax returns will remain available after that date. Pkf international limited is a family of legally independent member firms, providing high quality audit. Other key dates for the upcoming tax season are shown in the table below.

Get ready to wait a while for your 2017 tax return businesstech. As part of the security summit effort, stronger protections for taxpayers and the nations tax system are in effect for the 2017 tax filing season. Tax season, you need to submit an itr12 which is your income tax return so we can calculate your tax on your income and the taxdeductible expenses for the assessment year 1 march 2014 28 february 2015, which may, in some cases, result in a refund. Pretoria, monday 3 july 2017 tax season 2017 officially opened on saturday, 1 july 2017 for efilers, and today for branch filers. The 2017 tax season will open for individuals on 1 july, and sars has released some handy tips and information to make the process pain free for taxpayers. March 2017 to february 2018 before tax gross income was not more than r350 000. Have a happy tax season 2020, it almost sounds like christmas for some it actually will be.

This is the time when each individual who has received income during the period of 1 march 2016 to 28 february 2017 will need to submit their income tax returns to sars, either via efiling or by means of going in to a sars branch. The internal revenue service has announced that tax season will open on monday, january 23, 2017. Tax season is the single biggest annual engagement between ordinary citizens and south african revenue services sars. Companies, trusts and small business corporations sbc.

Sars has asked that south africans who have submitted their tax returns for the 2017 tax season be patient, as it has implemented additional. This was a r900m 50% improvement compared to last years tax season when r1. So, what are the official dates for the 2017 tax season. Sars has improved efiling and the mobiapp with several exciting innovations for tax season 2019 to make it simpler and more convenient for taxpayers to file an income tax return. In an attempt to improve efficiency, the tax filing season will now be shortened by three weeks. A shorter filing season allows additional time for sars, taxpayers and the tax. The south african revenue service sars said on monday that the tax filing season, which kicks off on july 1, has been shortened by three weeks, in a bid to improve efficiency. Tax guide budget 2017 t his sars pocket tax guide has been developed to provide a synopsis of the most important tax, duty and levy related information for 201718.

We decided to write a page about the important tax dates for submission of various taxes in south africa. The 2017 tax season will open for individuals on 1 july, and sars has released some handy tips and information to make the process pain. In preparation for tax season, taxpayers can start gathering all the supporting documents that are needed to submit tax returns. Sars efiling is a free, online process for the submission of returns and declarations. Despite the loathing many taxpayers have for sars, many of them look forward to this time of year as they often get a little back from the fiscus. Helpful tips as tax season officially opens sanews. Sars will not provide your tax number to another person. Soweto despite the fact that south africa is in a technical recession, south african revenue service sars commissioner tom moyane said the tax revenue target is r1. When does the 2017 tax season start for filing my tax. The majority, 243 388 were submitted using efiling, while 97 968 have submitted at a sars branch. Sars efiling is a free, online process for the submission of returns and declarations and other related services. On monday, 4 june, acting sars commissioner, mark kingon, announced that the 2018 tax filing season will open on 1 july 2018, but will be shorted by three weeks. It is important for taxpayers expecting a refund to note that sars has implemented additional risk processes for sars tax season 2017 to ensure. Irs modernized efile, the system that processes electronicallyfiled individual returns, will shut down after nov.

Confused about how to report on your investments to sars. For the rest tax break hopes to assist in making tax year 2020 better. Individuals and trusts tax rates for the period from 1 march 2017 to 28 february 2018 individuals and special trusts taxable income r rate of tax r. Our team of accountants are fully degreed and qualified to attend to. During 2016, a total of 2 000 returns were submitted by tax practitioners at sars branches, while in the 2017 tax season, 120 000 were. July deadline for sars to respond on delayed refunds.

Pretoria the 2017 tax season will open for individuals on 1 july, and sars has released some handy tips and information to make the process pain free for taxpayers. The 2017 tax season will open for individuals on 1 july, and sars has released some handy tips and information to make the process pain free for. The deadline dates differ according to the method of submission and is as follows. With the 2017 tax season in full swing, now is the time to get your documents ready, urges carla rossouw of allan gray investment managers. Over the next few months, the illness spread to more than two dozen countries in north america, south america, europe, and asia before the sars global. Another tax year has come to an end and the 2017 tax filing season for all individuals opened on 1 july 2017. Taxpayers can now commence completing and submitting their 2017 personal income tax returns for the 201617 tax year.

He was speaking at the launch of tax season 2017 at the sars branch in orlando east on monday. Let us help you file your income tax returns with sars on time. The irs will begin accepting electronic tax returns that day, with more than 153 million. Tax season tax season for individuals normally runs from july to november for nonprovisional taxpayers, with provisional.

Free tax webinar done on facebook live for our clients and followers. March 2017february 2018 before tax was no more than r350 000. Tax season is an opportunity for taxpayers to reconcile their personal income and tax related deductions with sars. Tax season is the single biggest annual engagement between ordinary citizens and sars. The south african revenue service says the tax filing season has been. Acting commissioner mark kingon says sars has sent personalised and direct communication to taxpayers who may not have to submit a tax return, based on information submitted during the 2017 tax. Launching the 2017 tax season at the start of july newlyensconced minister of finance malusi gigaba urged south african taxpayers to pay to caesar what is due to caesar. Ask a tax question tax calculators stepbystep guides register for taxtim taxtim blog tax season alerts contact us. The 2017 tax season will officially kick off on 1 july 2017 and individual taxpayers will be able to submit their returns for the tax year ended 28 february 2017. Severe acute respiratory syndrome sars is a viral respiratory illness caused by a coronavirus, called sarsassociated coronavirus sarscov.