Answers to Twitter questions
27 November 2014
Posted by: Author: SAIT Technical
Author: SAIT Technical
Q: Is there a general problem with the efiling website at present?
A: The efiling website works much slower when there is a lot of traffic on it, which tends to happen when the due date for submitting tax returns approaches.
Q: Is it too late for someone to make their tax return deposit?
A: It is unclear what you mean by a "tax return deposit”, as the term is not used in any of the tax Acts. It may be that you are either referring to:
1. Submitting your tax return;
2. Making a payment for provisional tax; or
3. Partial payment of the tax you owe SARS, as stated in your ITA34 income tax assessment.
1. Submitting your tax return
The due date for submitting the tax return depends on a number of factors. If a person submits:
- By post or dropping it off in a SARS drop box – 26 September 2014
- Electronically at a SARS branch (provisional and non-provisional taxpayers) – 21 November 2014
- Non-provisional taxpayers who use eFiling – 21 November 2014
- Provisional taxpayers who use eFiling – 30 January 2015.
There are 2 classes of provisional taxpayer(s):
a. People who are under 65 years old and do not earn any income from carrying on a business – provided that person’s taxable income will not be more than the tax threshold (R67 111 for the 2014 tax year);
or the taxable income of that person (earned from interest, foreign dividends and rental) will not be more than R20 000;.
b. Those 65 years or older – provided that person’s taxable income will not be derived in any way from carrying on any business; will not be more than R120 000; and will not be derived otherwise than from remuneration (such as salary), interest, foreign dividends or property rental.
2. Provisional tax
A provisional tax payment is a little like paying in advance for an anticipated tax debt where that debt will not be fully covered by the tax taken out of your salary (i.e. PAYE). This usually happens when a person is earning income from which employees’ tax PAYE is not deducted; such as interest or rental income. Such a person is known as a provisional taxpayer.
A provisional taxpayer must make 2 provisional tax payments during a year of assessment. The first payment must be made before the end of August and the second must be made before the end of February of the next year. These amounts must be roughly equal to half of the anticipated tax debt attributable to income from which PAYE was not deducted; i.e. non-salary income.
One can make a late provisional tax payment, but penalties and interest will be charged for the late payment.
3. Partial payment of tax as shown in the ITA34 assessment
In this case, the ITA34 assessment has a due date on it. SARS expects payment of the tax due to have been made by this date. Failure to pay (in full) by that date will result in penalties and interest being charged by SARS.