The South African Revenue Service (SARS) announced earlier this year that the 2017-18 tax filing season is to kick off on July 1 2018, however, their e-filing system is already allowing submission of tax returns. SARS also appears to drive tax compliance home with renewed vigour this year, with a shorter tax season, as well as a couple of enhancements on the new 2017-18 tax return. Here are some important hints for the tax filing season: • IRP5: Check that your employer-issued IRP5 certificate is correctly reflected on the tax return. If you do not have a South African identity number, for example, if you are an expat working in SA, your IRP5 certificate will not be pre-populated and you need to obtain this information from your employer to allow you to manually input this information. • Medical and retirement annuity tax info: SARS has administered a major improvement with regards to the taxpayers’ medical aid and retirement annuity tax information. This information is now pre-popu...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.