SABRINA DEAN – With just one day to go until the end of tax season 2014, the SA Revenue Service (Sars) says it is anticipating a smaller number of returns to be filed than last year.
Sars deputy spokesperson Marika Muller says this does not mean less people are paying tax. She explains that a change to the threshold means a lot less red tape for a lot more people.
"In then Minister of Finance Pravin Gordhan’s budget speech last year, changes were made to the threshold at which you have to file tax returns," she says.
Muller says the threshold in the past was R120-thousand per annum but this has now changed to R250-thousand. "This doesn’t mean you don’t pay tax, it just means we won’t put the administrative burden on you because we will get the information from your employer," she says.
You still need to be registered with Sars and individuals below the threshold must still comply with other relevant criteria to qualify for non-submission.
Muller meanwhile also warns tax payers to be on the lookout for fraudsters and phishing scams, saying that Sars will never ask for personal, tax, banking or eFiling details such as passwords and login information via phone or email.
For further information visit www.sars.gov.za or call the Sars Contact Centre on 0800 007 277.