‘Thank you for filing your income tax return on time’
The revenue service said they urge taxpayers who have yet to file their personal tax returns to do so immediately, saying that the easiest way is to submit online via SARS eFiling or the SARS MobiApp.
Now that the tax filing season is officially over, SARS thanks all taxpayers who submitted their returns for the 2023 tax year by the October 23 deadline.
SARS said through compliance and cooperation, the well-being of the country is developed and secured.
The revenue service urges taxpayers who have yet to file their personal tax returns to do so immediately, saying that the easiest way is to submit online via SARS eFiling or the SARS MobiApp.
“These services are available 24/7 from any location. If you are unsure of how the assessment was concluded or the reasons for any of the adjustments made, you may submit a Request for Reasons within 30 business days of the assessment, using the SARS-prescribed form available on eFiling. If you disagree with the assessment, you may submit a Notice of Objection via eFiling. This must be done within 80 business days from the date of the assessment. If a Request for Reasons was submitted, the notice of objection must be submitted within 80 business days after the delivery of the outcome notification,” it said, adding that the obligation to pay any amount due is not suspended by a Request for Correction, any objection or appeal.
It added: “SARS will consider a motivated application for the suspension of payment as provided for in the Tax Administration Act, for instances where an amount due is, or will be, subject to objection or appeal. Paying tax on time and in full is not only a legal obligation, but a civic duty. Taxes help to fund public services and infrastructure that benefit society and the economy. SARS is legally obliged to remind all taxpayers with outstanding debt to pay timeously to avoid interest and penalties.”
It said failure to pay your outstanding debt will always have serious consequences on your credit rating and legal status, saying that SARS can recover the debt by issuing a final demand or imposing penalties and interest, among other actions.
SARS added that taxpayers also have rights and options to resolve the debt before SARS enforces collection processes.
“Companies registered for income tax in South Africa must submit their income tax returns (ITR14) every year. The company’s income tax return form contains information about the company’s income, expenses, assets, liabilities, and tax calculations for the year of assessment. Companies can complete and submit the ITR14 online through eFiling, which is a secure and convenient way to manage your tax affairs. The ITR14 is due 12 months after the end of the company’s financial year,” said SARS, adding that it will impose penalties to deter non-compliance and ensure tax fairness.
“The amount of the penalty depends on the taxable income of the company and the number of months of non-compliance. The penalty ranges from R250 to R16 000 per month for non-compliance. To remedy the situation, please file all outstanding returns and pay the penalty. However, if you have reasonable grounds, you may submit a Request for Remission after filing all outstanding returns. Once again, SARS thanks you for your compliance and cooperation. Together, we can make a difference and build a better future for ourselves and our children,” said SARS.
SARS urges taxpayers who face difficulties in paying their taxes immediately to email contactus@sars.gov.za
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