2017 June

  • Tax Season Opened On 1 July: Here’s What You Need to Know, and Do

    Once again tax season has opened for individuals, and whilst we can chuckle at jokes about the pain of paying taxes, they remain of course an integral part of life. By now you should have already gathered all your supporting documentation. This is an important task as not getting your tax 100% correct can lead to queries and audits from SARS, which is clearly something to avoid. Whilst you won’t have to submit this with your tax return, you need to keep it available, for five years, in case SARS asks for it. Once an audit is open or if you must prove the item you need to retain documents for longer. However, if you are going to do your return at a SARS branch, then bring all your documentation and your I.D. with you.

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