Streaming issues? Report here
money-show-thumbnailjpg money-show-thumbnailjpg
The Money Show with Bruce Whitfield
18:00 - 20:00
volume_up
volume_mute

Up Next: The Aubrey Masango Show
See full line-up
The Money Show with Bruce Whitfield
18:00 - 20:00
Home
arrow_forward
Business

Sars acting commissioner confirms over 5 million returns by deadline

2 November 2018 8:59 AM
Tags:
SARS
Tax returns
Mark Kingon

Acting Commissioner at SA Revenue Services, Mark Kingon, says they've paid just under R18 billion in tax refunds.

The deadline for submitting individual tax returns via e-filing was midnight 31 October and the revenue service has confirmed that 5.785 million returns made the deadline.

The Wednesday deadline applies to non-provisional taxpayers and those provisional taxpayers who opt to file at a branch.

Acting Commissioner at SA Revenue Services, Mark Kingon says they is a two percent increase on the use of e-filing and just under R18 billion in refunds have been paid.

The returns comprise the following:

• 4. 229 million returns by individual taxpayers (returns relevant to the current year)
• 1. 459 million returns by individual taxpayers filed during this Tax Season but relevant to prior years)
• 42 087 returns filed by trusts (returns relevant to the current year)
• 53 973 returns filed by trusts (returns filed during this Tax Season but relevant to prior years)

Read: Axed Moyane refused to avail himself to the Nugent Commission

What's been fascinating for me is to see the amount of people in our branches and that we have managed to condense the filing season because it used to go through to the second last week of November but we brought it forward to the end of October.

Mark Kingon, Acting Sars commissioner

We managed to get all the people in and our branches were quiet yesterday.

Mark Kingon, Acting Sars commissioner

We want to be giving a better service because in so doing we believe we are going improve the image of our organisation.

Mark Kingon, Acting Sars commissioner

To hear the rest of the conversation with Mark Kingon, listen below:


2 November 2018 8:59 AM
Tags:
SARS
Tax returns
Mark Kingon

More from Business

Absa closes its money market unit trust for good – here’s what that means

12 April 2021 6:18 PM

The Money Show’s Bruce Whitfield asks Denker Portfolio Manager Kokkie Kooyman what it means for the industry.

Share this:
Read More arrow_forward

'Busy culture' is a load of bull – 10 tips to avoid burnout

9 April 2021 2:49 PM

The Money Show's Bruce Whitfield interviews serial entrepreneur Nic Haralambous.

Share this:
Read More arrow_forward

'Affordable' classic car market (e.g. VW Beetle) is booming in South Africa

9 April 2021 11:52 AM

"Affordable classics have grown for the last seven years – even last year," says John Tallodi of Classic Car Passion South Africa.

Share this:
Read More arrow_forward

Act's wording flawed - company responds after UIF says using 3rd party illegal

8 April 2021 8:50 PM

Bruce Whitfield follows up with Sweet Dreamz' Tyrel Painczyk after UIF rep says claimant cannot enlist help of professionals.

Share this:
Read More arrow_forward

Exclusive Books 'taking advice' on possible legal action against former CEO

8 April 2021 7:48 PM

Benjamin Trisk left Exclusive Books under a cloud of allegations in 2018. The Money Show interviews current CEO Grattan Kirk.

Share this:
Read More arrow_forward

Kenya's hospitals running out of oxygen, plea for return of hoarded cylinders

8 April 2021 7:41 PM

A Kenyan steel billionaire has stepped in to pledge free oxygen for Covid patients, says Chris Bishop (Billionaire Tomorrow).

Share this:
Read More arrow_forward

'We're the wealthiest we've ever been' (those with financial assets, anyway)

8 April 2021 7:09 PM

Reserve Bank stats show SA household wealth rose in 2020 despite Covid. But this obviously applies to a minority says Kevin Lings.

Share this:
Read More arrow_forward

'World could be $9 trillion richer by 2025, if Covid-19 vaccinations are swift'

8 April 2021 2:57 PM

Vaccinating entire populations against Covid-19 will more than pay for itself, according to the IMF.

Share this:
Read More arrow_forward

Vodacom cuts data costs: It's still twice what we should be paying - tech journo

8 April 2021 1:57 PM

"Countries a lot poorer than us, with far less infrastructure than us; they’re sitting at around R40/GB," says Sam Wright.

Share this:
Read More arrow_forward

UIF red tape: 'I'm back at work and still haven't been paid out maternity claim'

7 April 2021 9:03 PM

In a heated exchange, UIF's Allan Ragavaloo tells Bruce Whitfield it's illegal to use a professional company to help with a claim.

Share this:
Read More arrow_forward