2015 Sars tax target set at R1,1 trillion

Around 30,000 taxpayers submitted their e-filing returns since the commencement of the season at midnight.

The deadline for manual submissions is 30 September while taxpayers who prefer e-filing have until 27 November 2015 to complete the process. Picture: Sars.

JOHANNESBURG - The South African Revenue Service (Sars) says its target for the 2015 tax season is set at R1,1 trillion.

According to the revenue's records almost 30,000 taxpayers have submitted their returns via e-filing since the commencement of the season at midnight, while 7,300 others have visited Sars branches and mobile tax units across the country.

Sars has increased the threshold for taxpayers who don't need to submit their returns from R250 000 in 2014 to R350 000 this year.

This means taxpayers whose annual salary is below R350 000 may be exempt from submitting their returns.

Sars commissioner Tom Moyane said, "The target that has been set is R1,1 trillion and today heralds the beginning of the journey towards achieving that target."

The deadline for manual submissions is 30 September, while taxpayers who prefer e-filing have until 27 November to complete the process.