Tax Changes you need to know

Provisional tax return
Provisional tax return

One of the key changes this year is the shortening of the deadline for non-provisional taxpayers.

“A shorter filing season allows additional time for SARS, taxpayers and the tax fraternity to deal with return verifications before most taxpayers go on the December holiday break,” SARS said in a statement in June.

The revised deadlines are as follows:
eFiling – Deadline 31 January 2019 – All Provisional Tax Payers

Who is a provisional taxpayer?

Any person who receives income (or to whom income accrues) other than a salary is a provisional taxpayer.

Most salary earners are therefore non-provisional taxpayers, if they have no other sources of income.

It is important to note that receiving exempt income, as follows, does not make you a provisional taxpayer:

If you receive interest of less than R23,800 if you are under 65; or
If you receive interest of less than R34,500 if you are 65 and older or;
You have income in a tax free savings account.