Provisional tax is not a separate tax from income tax. It is a method of paying the income tax liability in advance, to ensure that the taxpayer does not remain with a large tax debt on assessment. Provisional tax allows […]
Latest South African Revenue Service EFiling SCAM Alert: The screen below requires taxpayers to fill in their cell phone number before they can proceed with eFiling. This is not required. If you have submitted your income tax return and you […]
Already submitted your tax return? Sorry, you may have to do it again…is this SARS news? Sars is experiencing technical issues. Have a medical aid, retirement fund or travel allowance are the areas where the errors have crept in … Travel allowance codes left off IRP5sMedical data may be incorrectly pre-populatedChanges relating to the Retirement Annuity section You may want to check out this article about SARS news regarding technical issues – CapeTalk.co.za
With the implementation of the Retirement Reform requirements, information tax code 4582 (remuneration portion of income included under income codes: 3701 Travel Allowance, 3702 Re-imbursive Travel Allowance, 3802/3816 Use of Employer provided Vehicle) and its value were omitted from the submission file created by e@syFile™ Employer. This resulted in IRP5/IT3(a) certificates containing codes 3701, 3702, 3802 and/or 3816 but omitting code 4582 and its value being received by SARS.
It is important for taxpayers expecting a refund to note that SARS has implemented additional risk processes for SARS Tax season 2017 to ensure both the legitimacy and accuracy of the refunds paid.