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Record number tax returns filed

30 January 2012   (0 Comments)
Posted by: SAIT Technical
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Record number tax returns filed


Johannesburg - Over four million tax returns had been filed with the SA Revenue Service by Thursday last week for the 2010/11 tax season, the highest number in the country's history. The 4 010 980 returns were filed by individuals, trusts and provisional taxpayers, Sars spokesperson Adrian Lackay said in a statement on Sunday. "At the corresponding time for the 2010 tax season, Sars had received 3 523 707 returns... a 13.8% increase in the number of returns submitted." Provisional taxpayers - individuals with additional sources of income like investment income or trading income from operating a business - still had until midnight on Tuesday, January 31 to submit returns electronically.


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.


The Act requires that a minimum academic and practical requirments be set to register with a controlling body. Click here for the minimum requirements of SAIT.

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