Filing season for individuals starts July 2019 to November 2019

Who is required to submit an income tax return to SARS?

  • All Individuals whose income from one employer is greater than R500 000 for the tax year.
  • All Individuals whose income is less than R500 000 if:
    • their source of income is from more than one employer
    • they have other sources of income
    • they have deductions they want to claim (eg. medical expenses, retirement contributions)
  • To further streamline submissions, taxpayers who are not required to file a return will receive an automatic simulated outcome from SARS as if they had filed a return. The taxpayer can accept this assessment outcome or update the return and file.

What information and documentation is required to file your return:

  • Proof of income such as:
    • IRP5/IT3(a) from your employer or pension fund
    • Tax certificates for investment income IT3(b)
    • Tax Free Investments certificate(s) IT3(s)
    • Financial statements (e.g. for business income), etc.
    • Schedule summary of additional income, eg. rental income

 

  • Proof of deductions such as:
    • Medical scheme contribution certificates and receipts
    • Completed confirmation of diagnosis of disability form (ITR-DD) if you want to claim any
      disability expenses
    • Retirement annuity contributions certificates
    • Travel logbook (if you receive a travel allowance or use a company car), etc.

Email your tax documents and/or enquiries to –
individuals@dla-accounting.co.za

For more detailed information visit the SARS website –
http://www.sars.gov.za

Make sure your Tax Practitioner is registered –
Tax Practitioner is registered, click here.