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Thread: Simpler tax returns

  1. #11
    Site Caretaker Dave A's Avatar
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    I'm trying to figure if that's good news or bad news

    Normally that's a sign of overpayments somewhere along the line. Hopefully not the case here?

  2. #12
    Email problem RKS Computer Solutions's Avatar
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    Nope, accountant reckons I'm spending too much... But it's all business expenses and recoverable so all seems well in paradise... Rather build the business up than pay taxes that does no good...

  3. #13
    just me duncan drennan's Avatar
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    Quote Originally Posted by Eugene View Post
    Anyone have a clue when we might expect the little blue SARS envelopes in the post?
    I just picked this up on the SARS website,

    Tax returns mailed to individual taxpayers

    16 July 2007, Pretoria - The South African Revenue Service is pleased to announce the posting of the new simpler, shorter tax returns to those individual taxpayers for whom SARS has a verified address.

    Over 2.5 million tax returns have been sent to the South African Post Office and will be delivered to taxpayers around the country from today. By the end of July almost 4 million IT12 S and IT12C returns will have been mailed. The IT12S is the standard income tax return for individuals who earn a salary with basic allowances such as pension, medical and travel. The IT12C is the comprehensive return which covers additional sources of income and deductions including capital gains/losses, business and rental income and farming income.

    The mailed returns are just one way taxpayers can obtain an income tax return this year. In addition, SARS is also providing Adobe PDF format versions of all income tax returns via the internet which can be downloaded, completed on computer, printed, signed and then submitted manually

    Taxpayers can also use eFiling, the quickest, easiest way to receive, complete and submit a return all electronically via the internet.

    Both the Adobe PDF returns and eFiling will be available from August when Filing Season starts in earnest. All registered taxpayers are required to submit returns between 1 August and 31 October 2007.

    Over the past two months SARS carried out a matching process of its address lists against multiple national address databases to ensure correct delivery and avoid non-delivered and returned mail.

    Taxpayers who have not received a return in the mail by 31 August and who choose not to use the Adobe PDF returns or eFiling should contact the SARS call centre on 0860 12 12 18 or their nearest SARS branch.

    In May this year Finance Minister Trevor Manuel announced that this year’s Filing Season would be later than usual to allow for the introduction of a range of improvements to the income tax process.

    Taxpayers are urged to gather together their IRP5 and all other supporting documents including medical aid, pension, travel and investment documents in order to complete their returns.

    However, no supporting documents must be submitted with the returns. Instead taxpayers must retain the documents for five years in case SARS requests them.
    Full press release on SARS website
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  4. #14
    Site Caretaker Dave A's Avatar
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    And now I got this email from SARS eFiling.
    Dear eFiler,

    We are pleased to announce the introduction today of the first in a series of enhancements to eFiling as part of the new income tax process introduced this Filing Season by SARS.

    From midday today the two new simpler income tax returns for individuals (the IT12S and IT12C) will be available for download in Adobe PDF version on www.sarsefiling.co.za. The new returns will be available for completion and submission via eFiling from Monday 6 August 2007.

    You will also find a new design of our homepage and other pages of our website related to the new returns. This new look and feel will be cascaded to other areas of the website in due course.

    Among the planned enhancements to the eFiling still to come (from 6 August 2007) are:

    · a simplified registration process for individuals

    · a bulk registration facility for tax practitioners to load large numbers of clients quickly and easily on

    a spreadsheet.

    · the ability to request a correction on an individual tax return

    · the ability to raise a notice of objection to a received assessment (IT34)

    The new income tax returns for exempt institutions (IT12EI), trusts (IT12TR) and businesses (IT14) will be

    available for eFiling later this year.

    We hope you enjoy the new website and features! Let us know what you think of the new design on

    website@sarsefiling.co.za


    Best regards

    The SARS eFiling Team

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