FAQ: Tips to submit your 2023 SARS tax return

If you’re a taxpayer in South Africa, then you’re probably bracing yourself for the annual SARS tax return submission process that starts on July 1st. In this must-read article, we bring you some helpful tips to make sure that you submit your 2023 SARS tax return smoothly and hassle-free.

First and foremost, you need to ensure that all your tax records are in order. This includes things like your IRP5, medical aid certificates, and any other income documents. Make sure that you have all the relevant paperwork, as this will make it easier for you to complete your return accurately and quickly.

Next, don’t forget to claim any allowable deductions and rebates. These can include things like travel expenses, donations to charity, and retirement annuity contributions. By claiming these deductions, you reduce the amount of tax you need to pay - so it’s definitely worth your while to make sure you haven’t missed anything.

Another important tip is to use the eFiling system to submit your tax return. This online system is fast, easy to use, and often allows you to get your refund more quickly. Plus, you can submit your tax return from anywhere and at any time.

Finally, don’t procrastinate - submit your tax return early if you can. Not only will this help you avoid the last-minute rush, but it also gives you more time to sort out any issues that may arise.

In conclusion, submitting your SARS tax return may seem daunting, but it doesn’t have to be. By following these tips, you can ensure that the process is as smooth as possible. So dig out those receipts and start preparing your tax return today!