Pretoria – All taxpayers have been encouraged to submit their annual income tax returns from 1 July 2016 as the annual tax season gets underway.
“From Friday, 1 July 2016, taxpayers can officially commence completing and submitting their 2016 income tax returns.
“Cabinet encourages all taxpayers to submit their annual income tax returns …,” said Cabinet in a statement on Thursday.
Cabinet held its ordinary meeting in Pretoria on Wednesday.
Tax Season has grown into an important partnership between government and taxpayers who make a vital contribution to the country’s revenue base.
It represents the single biggest annual engagement between the South African Revenue Service (SARS) and taxpayers, when more than four million taxpayers submit their income tax returns.
South Africa recorded a historic revenue collection of R1 trillion for the 2014/15 financial year. – SAnews.gov.za
