IT3 data submissions

What's New

  • 01 June 2018 - Third Party Data Submissions: 01 April - 31 May 2018
    You are kindly advised that the deadline for the SARS Third Party Data Annual Submissions process for the period 1 March 2017 – 28 February 2018 has now closed as at 31 May 2018. Your submissions are late and should be submitted without any further delay as you may be liable for penalties, read more.

  • 25 May 2018 - REMINDER: Third Party Data Submissions: 01 April - 31 May 2018
    A reminder that SARS Third Party Data Annual Submissions process for the period 1 March 2017 – 28 February 2018 is currently underway and will close on 31 May 2018.

    Submissions in respect of data files and declarations of the various reportable data types as detailed per Table 1 are now due.

  • 29 March 2018 - Third Party Data Submissions: 01 April – 31 May 2018
    The SARS Third Party Data Annual Submissions process for the period 1 March 2017 – 28 February 2018 is now open as from 01 April 2018 and will close on 31 May 2018.

    Submissions in respect of data files and declarations of the various reportable data types as detailed per Table 1 are now due.
Table 1: Submission Dates – 2018: 
Data Type:
Trade Test Platform 
Go Live: ​
Production  Submissions:​ Applicable Business Requirement Specification (BRS):​
IT3 (b, c, e, s) ​​01 April 2018
CLOSED
16 April 2018 – 31 May 2018
CLOSED
Medical 01 April 2018
CLOSED

​​16 April 2018 – 31 May 2018
CLOSED

​Insurance ​01 April 2018
CLOSED
16 April 2018 – 31 May 2018​
CLOSED
BRS: SARS External BRS - Insurance Payments (INS) v1.0.3
Automatic Exchange of Information​​ ​​01 April 2018
CLOSED

16 April 2018 – 31 May 2018
CLOSED

BRS_2016_Automatic_Exchange _of Information_v_2_0_0-25
(Includes FATCA and CRS)

Should you experience any challenges while making your submissions, you are welcome to contact us on email Bus_Sys_CDSupport@sars.gov.za.
 
  • 08 September 2017 - Medical Scheme Contribution and Insurance Payments
    The Medical Schemes Contributions and Insurance Payments Business Requirements Specification changes have now been implemented on SARS Third Party Data production platform.

The primary changes that have been introduced were as a result of the following:

    • Legislative requirements
    •  Alignment to other IT3 Third Party Data BRS documents
    • The need to improve the integrity of the data for the purposes of matching Third Party Data submission to the data on the SARS systems.

Medical Schemes Contribution (MSC) – UPDATED BRS: SARS External BRS - Medical Scheme Contributions (MSC) v1.0.3
Insurance Payments (INS) – UPDATED BRS: SARS External BRS - Insurance Payments (INS) v1.0.3

Note: This BRS is effective for submissions due by end October 2017


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Data submission due dates

  • For the six month period 1 March to 31 August – by 31 October
  • For the full year 1 March to 28/29 February – by 31 May.

Data submission and correction of submitted data

A maximum of 20 IT3(b), IT3(c), IT3(e), IT3(s) certificates can now be submitted on the IT3-01 form using eFiling.
 
Should you need to make a correction, data submissions can be revised on the channel initially used.
 
Top Tip: Please remember when revising your data submitted on the IT3-01 form; ensure that the record status field is selected as either “Correction” or “Deletion” across the sections of the form.

What are data submissions?

Institutions can submit IT3(b), IT3(c), IT3(e),IT3(s), Medical Scheme Contributions and Insurance Payments data types. These certificates are submitted for:
 
  • IT3(b) certificates report interest income from investments, rental income, dividends, royalties and other income that was due, paid or accrued to account holders. The IT3(b) has been updated to include the Withholding Tax on Interest (WTI) information. For more information, see Withholding Tax on Interest (WTI).
  • IT3(c) certificates report payments like proceeds from the sale of unit trusts and other financial instruments
  • IT3(e) certificates report income received by or accrued to clients from the sale or shipment of livestock, produce, timber, ores, minerals and precious stones. Bonuses and interest paid or accrued to the members of co-operative societies or companies are also be reported on an IT3(e) certificate.
  • IT3(s) certificates which reports on the Tax Free Savings/Investments. For more information, see Tax Free Investment Accounts.
  • Medical Scheme Contributions report on member and other demographics, contributions made by employers and employees towards a medical scheme as well as on benefits not covered, interest and refunds.
  • Insurance Payments report on member and other demographics and contributions made by members towards insurance.
The File Transfer Protocol (FTP) is currently used to submit this data according to the file layout requirements specified. The file layout will be submitted on the Direct Data Flow channel which is available on the Modernised 3rd Party Data Platform page.

What must be done next?

Institutions planning to submit IT3(b), (c), (e), (s), Medical scheme contributions and Insurance payments data must:
  • Make sure the latest relevant BRS, which defines the data requirements, is used.
    Develop and update source systems in line with the applicable channel and the supporting data requirements as per the relevant BRS.

Need more help?

Should you need more help, please send an email to 3rd Party Data Support Bus_Sys_CDSupport@sars.gov.za.

For a list of archived documents, click here.

 

 

Last Updated: 01/06/2018 3:02 PM     print this page
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