E-filing has been enhanced to allow for the electronic submission of IT12El tax returns for exempt organisastions.
The system no longer issues an IT14 for this category of taxpayer.
Taxpayers and practitioners are invited to submit returns, via e-filing, for clients in this category (provided a manual submission has already not been made).
All exempt organisations formally approved by SARS are obliged to render annual income tax returns, notwithstanding the income tax exemption, which may result in no tax liability. The submission of an annual income tax return is stipulated as a condition in the approval letter issued to the exempt organisation confirming the tax-exempt status.
An income tax return IT12EI specifically designed for exempt organisations formally exempted from income tax must be completed.
Section 240A of the Tax Administration Act, 2011 (as amended) requires that all tax practitioners register with a recognized controlling body before 1 July 2013. It is a criminal offense to not register with both a recognized controlling body and SARS.