Tax Practitioner Connect Issue 5

Welcome to the latest edition of Tax Practitioner Connect, the electronic newsletter for tax practitioners that keeps you up to date with the tax matters that affect you.

To read our newsletter below, click on each heading to expand the corresponding article.

 

TAX SEASON 2016 – WE ARE READY

Tax Season is in full swing. Taxpayers can now submit their Income Tax Returns for Individuals (ITR12) to SARS.  To make filing easier this Tax Season, we would like to remind you of a few details as well as the changes introduced.

 

 
Individual taxpayers are no longer able to change or update incorrect Employee Tax Certificate (IRP5/IT3(a) details which are pre-populated on their ITR12. This improvement will enhance the quality and correctness of taxpayer data submitted by employers. Please take note of the following:

  • Taxpayers can add additional IRP5s but not change those filed by their employers.
  • Where an employer has provided incorrect employee information, the affected employee will have to revert to the employer who will need to make changes on the IRP5 certificate and then re-submit it to SARS.
  • Should an employer or service provider revise a taxpayer’s IRP5 data after an ITR12 has been declared and assessed, the taxpayer has the ability to file a Request for Correction (RFC) or SARS has the ability to do a Revised Declaration (RD) and send a revised assessment (ITA34) to the taxpayer.
Last Updated: 06/07/2016 8:49 AM     print this page
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