SHORTER 2018 FILING SEASON
Following a draft public notice published on 9 May 2018 and the comment period which closed on 23 May, an official statement by the acting Commissioner of the South African Revenue Services (SARS), Mark Kingon, was published on Monday, 4 June.
Tax Season 2018 will be shortened by three weeks, running from 1 July to 31 October 2018. The previous deadline for non-provisional taxpayers was scheduled for the 22nd November 2018.
Employers should inform their employees that Income tax returns must be submitted within the following periods:
You do not need to submit a return if ALL the criteria below apply to you:
- Your total employment income / salary for the year (March 2017 to February 2018) before tax (gross income) was not more than R350 000
- You only received employment income / salary for the full year of assessment (March 2017 to February 2018) from one employer
- You have no other form of income (e.g. car allowance, business income, taxable interest or rental income or income from another job)
- You do not want to claim for any additional allowable tax related deductions (e.g. medical expenses, retirement annuity contributions, travel expenses, etc.).
Contact our legislation team at email@example.com if you require any additional information.
© 2018 CRS Technologies (Pty)Ltd. All Rights Reserved.