SARS electronic facility to go live
Earlier yesterday, SARS demonstrated this e-filing service to members of the Portfolio Committee on Finance in Parliament.
Potentially some 2.7 million individuals who earn a basic salary of more than 60,000 rand a year or a basic salary with allowances will be able to submit their tax returns through the internet.
In these instances the taxpayer has to be in possession of an IT 12S or IT 12SS income tax return from SARS.
"This is the first phase of eventually extending the electronic submission (filing) facility to all individuals and businesses," SARS said.
Taxpayers who want to make use of the electronic submission facility must have access to the internet, must first register for the service on the website, www.sarsefiling.co.za (there is a 48 hour turnaround time to acknowledge registration by SARS) and agree to the terms and conditions for use of this service.
SARS said it should be noted that it might under certain circumstances still require the submission of original documents for purposes of verification.
"Taxpayers must retain all supporting documents for a period of five years should they be required by SARS for audit purposes," the statement said.
SARS will issue these assessments electronically.
E-filing, it said, would provide an opportunity for taxpayers to change basic personal details like residential and postal addresses.
SARS said the benefits of submitting returns electronically included the fact that taxpayers would be assured of data accuracy, thereby enhancing the quality of assessments.
In addition, there would be improved turn around time for the processing of assessments.
"By replying to a few questions upfront, a customised return will be presented for completion thereby eliminating questions that are not relevant to the individual taxpayer.
The determination of Travelling expenditure and Capital Gains Tax will be automatically calculated from the taxpayer’s information," SARS said.
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