September 2009 Archives

Chances are, you are guilty on at least one these:

• Not registering as a taxpayer
• Not informing SARS of your change of address
• Not appointing a public officer for your CC or company
• Not submitting a tax return on time
• Not supplying information requested on time
• Not submitting monthly PAYE declarations (if you are an employer)
• Not providing SARS details of an employee
• Not providing an employee with an IRP5
• Providing an employee with an IRP5 before you have submitted your IRP501

Any of the above will result in SARS levying a penalty of between R250 and R768 000.

SARS's deadline for the submission of individual tax returns done manually is the 18th September 2009.   If use is made of the electronic system 'e-filing', this deadline is extended until the 20th November 2009.  Not meeting this deadlines will likely result in SARS imposing a penalty on you. 

For assistance in completing your tax return, please contact Wayne on 033 330 7333.