{"id":548992,"date":"2006-05-31T06:57:19","date_gmt":"2006-05-31T06:57:19","guid":{"rendered":"http:\/\/localhost:8888\/wordpress\/technology\/548992-sars-electronic-facility-to-go-live.html"},"modified":"2006-05-31T06:57:19","modified_gmt":"2006-05-31T06:57:19","slug":"sars-electronic-facility-to-go-live","status":"publish","type":"post","link":"https:\/\/mybroadband.co.za\/news\/technology\/548992-sars-electronic-facility-to-go-live.html","title":{"rendered":"SARS electronic facility to go live"},"content":{"rendered":"

Earlier yesterday, SARS demonstrated this e-filing service to members of the Portfolio Committee on Finance in Parliament. <\/font><\/p>\n

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. <\/font><\/p>\n

In these instances the taxpayer has to be in possession of an IT 12S or IT 12SS income tax return from SARS. <\/font><\/p>\n

"This is the first phase of eventually extending the electronic submission (filing) facility to all individuals and businesses," SARS said. <\/font><\/p>\n

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. <\/font><\/p>\n

SARS said it should be noted that it might under certain circumstances still require the submission of original documents for purposes of verification. <\/font><\/p>\n

"Taxpayers must retain all supporting documents for a period of five years should they be required by SARS for audit purposes," the statement said. <\/font><\/p>\n

SARS will issue these assessments electronically. <\/font><\/p>\n

E-filing, it said, would provide an opportunity for taxpayers to change basic personal details like residential and postal addresses. <\/font><\/p>\n

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. <\/font><\/p>\n

In addition, there would be improved turn around time for the processing of assessments. <\/font><\/p>\n

"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. <\/font><\/p>\n

The determination of Travelling expenditure and Capital Gains Tax will be automatically calculated from the taxpayer’s information," SARS said. <\/font><\/p>\n

Discuss this article<\/font><\/a> <\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

A free electronic facility, through which individuals can submit their income tax returns via the internet for the first time, will go live, the South African Revenue Service (SARS) said.<\/p>\n","protected":false},"author":23,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_facebook_post_id":"","_sma_instagram_post_id":"","_sma_threads_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[17],"tags":[],"class_list":["post-548992","post","type-post","status-publish","format-standard","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/548992"}],"collection":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/comments?post=548992"}],"version-history":[{"count":0,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/548992\/revisions"}],"wp:attachment":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media?parent=548992"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/categories?post=548992"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/tags?post=548992"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}