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Important information from SARS



Strict rules for pre-populated individual tax returns (ITR12)


It is important to take note of the new approach SARS is taking this year with regards to personal information submitted for each individual employee. SARS will no longer allow individuals to update their personal info – address, telephone number, email address – during the individual filing season that will start mid 2016. Instead, they are pressuring employers to make sure the personal data they submit is accurate since the tax certificate info is used to pre-populate each individual's tax return.


If the information on the tax return is not accurate, the employee needs to approach his/her employer to amend the tax certificate that was submitted during the reconciliation process. The personal data can only be corrected by an amended tax certificate that will in turn update the tax return. This process can take some time to complete and can prevent an individual from filing a tax return before the deadline.


Ensure that refunds can be paid out quickly


Another important point is to ensure that the banking details that are submitted with the tax certificate should be current and correct. If the individual qualifies for a refund on assessment and the banking details on file are incorrect, the taxpayer is going to go through a tough time trying to get the banking details amended before the refund is paid out.


In short this will mean that you will need to make 100% sure that your details are correctly captured on your IRP 5 which your Company issue you on a yearly basis.


** Information supplied by Taxtips SA