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As the per the latest SARS changes to tax returns, you should be onto your tax filing already! If you submit via e-filing or via the SARS mobi-app, you would have been able to submit your returns as early as July 1st 2019.

Tax returns for 2019 for individuals and trusts:

If you aren’t, you have until October 31st for SARS Branch filing, Deadlines for tax returns are extended for e-filing.

Via SARS e-filing or the SARS mobi-app:
You have until December 4th 2019 to submit your tax returns if you are a non-provisional tax-payer. The tax return deadline is extended until January 31st 2020 if you are provisional tax-payer.

Changes in SARS tax filing 2019:

You do not need to submit a tax return for 2019 if:

  • Your total income as R500 000 or less, and received from one (tax compliant) employer for the full tax year.
  • In addition, you have no other form of income (e.g. rental income)
  • You do not need to claim tax deductions or rebates. (These would include retirement annuity contributions)

2019 corporate tax return filing for companies (CIT tax returns):

Tax returns must be submitted between August and December 2019. See the following tax filing dates from SARS:

If you are unsure of tax filing deadlines, changes, legal obligations or what you need to do to submit an accurate tax return for 2019, it’s a good idea to consult a professional accounting and compliance team. They can make submitting your tax return for 2019 easy, and your tax returns for future 2020 and future annual submissions a far quicker and less stressful process.

Fully compliant and accurate tax returns reduce the possibility of having to dispute, object to, or lodge appeals against SARS tax assessments of your tax returns. 2019 is running out, so get your tax affairs in order – for 2019 and the future years.

They are also designed to help a business:

  • Minimise or prevent asset loss
  • Minimise other financial risk from internal or external factors
  • Manage and control operations and financial outcomes and help advise on strategy and objectives
  • Plan and create frameworks for operational and financial system changes and improvements
  • Streamline financial management, financial processes and applications and data applications – internally and with third parties

With such a broad-spectrum of objectives, it’s easy to see why the set up of internal controls and internal control audits are two of most essential aspects of the audit and assurance services provided by accounting and auditing firms

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