South African Revenue Service
The South African Revenue Service (SARS) has called for tax returns for the 2020 year of assessment to be submitted.
The call was made in Government Gazette 43495 in terms of section 25 of the Tax Administration Act.
For individuals, the 2020 year of assessment refers to the period of 12 months ending on 29 February 2020.
Individuals that earned R500 000 or less from one single source and for which employees’ tax has been deducted do not need to submit income tax returns.
A company must submit a tax return within 12 months from the date on which its financial year ends.
Taxpayers using the SARS eFiling platform have until 16 November 2020 to submit while the deadline for provisional taxpayers is 29 January 2021.
Meanwhile, in Gazette 43496, SARS published amendments to Customs and Excise Act Rules.
Item 202.00 of the Schedule to the Rules is amended by the insertion of various forms including DA 180 Environmental Levy Account for Carbon Tax, DA 180.01A.2 Fuel Combustion (Non-Stationary), DA 180.01B.2 Fugitive (Coal Mining and Handling), DA 180.01C Industrial Process and DA 180.02 Carbon Tax Allowances.
In Gazette 43495, national treasury published local government conditional grant allocations and appendixes to provincial government conditional grant allocations in terms of the Division of Revenue Act.