Tax deadline fast approaching in South Africa – don’t expect any forgiveness from SARS

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Tax deadline fast approaching in South Africa – don’t expect any forgiveness from SARS
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Non-provisional taxpayers must submit their tax returns soon – with SARS likely to fine those who don’t comply.

South Africans who have not submitted their tax returns should do so quickly, as it is incredibly unlikely that the South African Revenue Service will give them an extension.

These circumstances must be entirely out of their control and are generally incredibly rare. For instance, those in extenuating events like a natural disaster, civil war, medical incapacitation, or imprisonment abroad.South Africans must also check if they are a provisional taxpayer, as their returns are only due in January and not October.

“If you are lucky, SARS may announce an extension at their discretion, but you cannot bank on this, and if you do not submit your return on time, you can and will be penalised every month the submission is late – up to a maximum of 35 months.”Nevertheless, penalties will accumulate during the appeal unless the taxpayer submits a separate application requesting a suspension of payment.

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