Sars wraps up tax season with 6 million returns
The SA Revenue Service says it has paid out R15.5 billion in returns and issued fines to defaulting payers to the tune of R1.64 billion.
JOHANNESBURG - The South African Revenue Service (SARS) says it received nearly six million tax returns at the end of the tax season.
Ratepayers who have not yet filed their returns have been urged to do so in order to avoid penalties.
SARS says its paid out R15.5 billion in returns and issued fines to defaulting payers to the tune of R1.64 billion.
Spokesperson Sandile Memela says: “The law dictates that penalties be imposed on anyone who does not submit their tax returns on time. It can range from anything like R260 to R1,000 and even millions.”
(Edited by Leeto M Khoza)