SARS raises tax return threshold

The SA Revenue Service (SARS) announced on Tuesday 4 June that it’s raised the tax return threshold from R350 000 to R500 000.

This means people who earn below R500 000 per year, and meet certain other criteria, need not file tax returns, SARS Commissioner Edward Kieswetter said at a media briefing in Pretoria.

Taxpayers who meet the following criteria won’t need to file returns:

  • Total employment income for the year before tax is not more than R500 000
  • Only receive employment income from one employer for the full tax year
  • Have no other form of income, such as car allowance, business income, rental income, taxable interest or income from another job
  • Don’t have any additional allowable tax-related deductions to claim, such as medical expenses, retirement annuity contributions and travel expenses.

‘I must warn taxpayers that making false declarations is fraud and has serious implications,’ Kieswetter added.

Tax season starts on 1 August 2019 for all taxpayers. Taxpayers who are registered for eFiling or use the revamped SARS MobiApp can file their income tax returns from 1 July via these channels.

The tax agency says eFiling has been improved to make it easier to file a return, submit supporting documents and make payments.