What to do if you haven’t paid your tax

By admin
27 November 2013

If you didn’t submit your tax return to Sars Friday 22 November – or if you have but owe Sars money, don’t panic – there’s still time to avoid a fine.

If you didn’t submit your tax return to Sars Friday 22 November – or if you have but owe Sars money, don’t panic – there’s still time to avoid a fine. Alex France on Flickr 

According to Le Roux van der Walt, a Cape Town tax consultant, there are two deadlines. The first, Friday 22 November, which has passed, is for employees whose employers deduct their tax from their salaries and pay it to Sars on their behalf. The second deadline – 31 January 2014 – is for the self-employed, who don’t have employers to pay their tax to Sars monthly on their behalf.

“Sars is very helpful and merciful, Le Roux says. “In my experience they start issuing fines to tax evaders only when the second deadline has passed so if you missed the Friday 22 November deadline you still have time.

“But don’t delay; submit your tax return as soon as possible.”

If you don’t your fine will depend on your monthly salary. The more you earn the bigger your fine will be. Le Roux warns it’s a monthly fine so it will grow every month if you don’t pay it.

“Sars will let you know what your fine is on e-filing or in an email,” he says.

“If you submitted your return before 22 November and Sars has informed you you owe them money, it must be paid within one calendar month.

“If you don’t pay it the outstanding amount will draw interest. The interest is a standard amount determined by the government but it’s less than a bank charges.

“So it’s cheaper to owe Sars money than to owe it to a bank,” Le Roux jokes.

For inquiries call Sars on 0800-00-7277.

– Christiaan Boonzaier.

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