With just hours remaining until the tax deadline, taxpayers must act quickly to file their returns and avoid steep penalties.
To avoid paying thousands of rands in penalties, South Africa n taxpayers are urged to file their tax returns before the deadline. Photo: African News Agency Archivesauthority the South Africa n Revenue Service has reminded SA taxpayers that October 21 is the lst day to file a tax return.to file the their income tax return today via Sars eFiling or the Sars MobiApp to avoid penalties and interest for outstanding returns.
“Sars imposes a monthly penalty for failure to file, which varies based on your taxable income. This means that the longer you wait to file, the more you may owe. The penalties start at R250 and go up to R16,000,” Gilbert said. “While, in our opinion, the risk of Sars pursuing this avenue is not particularly high, this legal avenue is available to the revenue authority,” Gilbert said.
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