What happens if I miss the SARS eFiling deadline?

Taxpayers who do not submit their tax returns will be charged an admin penalty which must be paid over to SARS. Administrative penalties recur each month that the taxpayer is non-compliant, up to a maximum of 35 months.

When did SARS eFiling start?

SARS eFiling is the official online tax returns submission portal for the South African Revenue Service launched originally under a different name and business model in 2000 by private sector companies.

How long does SARS eFiling take?

SARS endeavours to activate new eFiling profiles within 48 hours where no supporting documentation are required.

When can I submit my tax return 2019 SARS?

Taxpayers, your turn to file your tax return started on 1 July this year. The good news is that a significant number of individual taxpayers will be auto-assessed again this year, and this process will started in July.

What happens if I submit my tax return late?

Late-filing penalties can mount up at a rate of 5% of the amount due with your return for each month that you’re late. If you’re more than 60 days late, the minimum penalty is $100 or 100% of the tax due with the return, whichever is less. Filing for the extension wipes out the penalty.

When can I file my 2021 tax return?

Even though taxes for most taxpayers are due by April 15, 2021, you can e-file (electronically file) your taxes earlier. The IRS likely will begin accepting electronic returns anywhere between Jan. 15 and Feb. 1, 2021, when taxpayers should have received their last paychecks of the 2020 fiscal year.

Who created eFiling?

In 2006, SARS started developments to expand the eFiling system to the filing of tax returns.

How do I know when SARS will refund me?

The refund amount (if any) and refund payment date can be seen on the ‘Income Tax Statement of Account’ (ITSA) and the payment date for the amount owed by you to SARS, can be seen on the ‘Notice of Assessment’ (ITA34).

When can I file my 2020 tax return South Africa?

Sars has announced that their filing season will run from July 1 to November 23 for individual taxpayers, with taxpayers being encouraged to file online. Provisional taxpayers, including trusts, will have until January 31 2022 to file via eFiling or the MobiApp.

When can I start filing taxes for 2021?

For example, in 2021, it announced on Jan. 15 that tax filing season would start on February 12, 2021. That was the earliest date that anyone could file for the IRS to accept and process their returns.

When is the deadline for SARS filing season?

Employers Filing Season by should be completed by the deadline of 31 May to avoid penalties, interest and / or criminal charges. Employers are required to submit their Employer Annual Reconciliation Declarations (EMP501) to SARS, as well as outstanding monthly declarations (EMP201) and previous years’ annual reconciliations (EMP501).

How can I efile my tax return with SARS?

Taxpayers registered for eFiling can engage with SARS online for the submission of returns and declarations and payments in respect of taxes, duties, levies and contributions. For all updates, and latest news, please refer to the SARS Website. Help-You-eFile will make completing your Individual Income Tax Return (ITR12) easier.

When do you need to submit VAT return to SARS?

SARS is not requiring VAT vendors who use eFiling to submit VAT returns on the 25th of the month. The benefit of no interest, penalties, or prosecution will remain effective if the return and payment are submitted via eFiling (or EFT) on or before the last business day of the month.

How does merging function on SARS eFiling work?

Merging your tax profiles The merging function on eFiling helps individual taxpayers, Registered Representatives of entities and Tax Practitioners to easily merge all the types of taxes for example Income Tax and Employees’ Tax as well as Customs & Excise into one single profile for each client/entity. Read more.