Dec 7, 2022

Mawazo Writing Africa

Writing about the main

Getting ready for tax season? Here’s a thread on what to prepare

South Africans are gearing up for the start of tax season on Friday and if you’re still a little confused as to what documents you need, we’re here to help.

Do I need an explanation submit?

The good news is that most people who are eligible to submit a declaration will be automatically assessed and notified of the outcome, meaning you don’t have to do this at all do a lot. If you’re happy, you don’t even need to sign up and “accept”.

“No need to call us, we’ll text you if you’re automatically selected. judged. However, we’ve made it a lot easier this year — if you’re happy with your automatic rating, you don’t have to “accept” the rating, the SA Revenue Service (Sars) said.

“If we are wrong in your assessment, you can let us know by filing a tax return with the additional information. If you want to edit your return, you can submit your return via eFiling or the Sars MobiApp.”

If you accept the results of your automated assessment and are eligible for a refund, Sars will pay the refund.

A negative amount indicates a refund If you use Sars- If you owe money, you can make a payment to eFiling via EFT or the Sars MobiApp by the due date stated on your tax return.

So what do you need if you want to review or edit your tax return?

Tax advisor and founder of Tax Maverick André Bothma shared a thread with documents you need for various tax returns.

Most just need an IRP5 from t Erben Employer, a health insurance certificate from your care provider, an RA certificate and IT3b and IT3c from investment companies or banks.

You may also need to submit driver’s logs, municipal accounts, receipts and pictures of your home – j It depends on what deductions you claim.

See what you may be asked for:

You do Tax questions, email the author [email protected] and we will try to answer them.

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