Common questions

What documents are needed for SARS tax returns?

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What documents are needed for SARS tax returns?

Documentation required to complete your return

  • IRP5/IT3(a) Employees Tax Certificate (if applicable)
  • Certificates received for local interest income, foreign interest income and foreign dividend income.
  • Documents relating to medical expenditure such as:

What documents do I need to send with my tax return?

Sources of Income

  1. Employed. Forms W-2.
  2. Unemployed. Unemployment (1099-G)
  3. Self-Employed. Forms 1099, Schedules K-1, income records to verify amounts not reported on 1099-MISC or new 1099-NEC.
  4. Rental Income. Records of income and expenses.
  5. Retirement Income.
  6. Savings & Investments or Dividends.
  7. Other Income & Losses.

What documents can I use as a proof of address for SARS?

Proof of residential address for the newly appointed members. Certified copy of a valid identity document, driving licence or passport, temporary identity document, asylum seekers certificate, permit of all three fiduciary responsible office bearers (as contained in Exemption of Income Tax (EI) application).

How do I submit documents to SARS?

To upload supporting documents (relevant material), follow these steps:

  1. Logon to eFiling.
  2. Select: Returns. Returns History. The applicable type of tax (e.g. ITR12, Employees Tax, etc.)
  3. Click Open, on the far right, to open the workpage.
  4. On the work page scroll down and click the link under Supporting Documents.

Do you need bank statements for tax return?

This sounds like a long list of tax return documents. However, in most cases, a simple spreadsheet of your income, expenses, or even a bank statement might be sufficient.

Do I need to provide receipts for my tax return?

Always keep receipts, bank statements, invoices, payroll records, and any other documentary evidence that supports an item of income, deduction, or credit shown on your tax return. Expenses that are less than $75 or that have to do with transportation, lodging or meal expenses might not require a receipt.

What counts as proof of address?

Proof of address can be one of the following documents: Water, electricity, gas, telephone or Internet bill. Credit card bill or statement. Authorized change of address form.

Can you use bank statements for taxes?

Can I use a bank or credit card statement instead of a receipt on my taxes? No. A bank statement doesn’t show all the itemized details that the IRS requires. The IRS accepts receipts, canceled checks, and copies of bills to verify expenses.

How do I submit documents to SARS by email?

You may email SARS on the following email addresses: For Tax Practitioners: [email protected]. For Taxpayers: [email protected].

What tax documents do I need to keep?

Three Years

  • W-2 forms reporting income;
  • 1099 forms showing income, capital gains, dividends and interest on investments;
  • 1098 forms if you deducted mortgage interest;
  • Canceled checks and receipts for charitable contributions;

How long must you keep tax returns?

3 years
Keep records for 3 years from the date you filed your original return or 2 years from the date you paid the tax, whichever is later, if you file a claim for credit or refund after you file your return. Keep records for 7 years if you file a claim for a loss from worthless securities or bad debt deduction.

Are bank statements proof for taxes?

Acceptable receipts for the IRS include – but are not limited to – cash receipts, bank statements, cancelled checks and pay stubs. Do not send receipts with your tax return. File them in case you are audited.

What supporting documents do I need to submit to SARS?

You may need to refer to some of the supporting documents listed below, while completing your return; however, you must not submit them to SARS. You must keep them safely in your possession for at least five years in case SARS needs access to them in future. Your IRP5/IT3 (a) certificate (s) which you will receive from your employer

How do I file a tax return online with SARS?

1 eFiling on your computer – simply register for eFiling at www.sarsefiling.co.za 2 Filing electronically at a SARS branch where an agent will assist you – please remember to bring along all your supporting documentation. 3 Requesting a return to be posted to you and completing your return manually and submitting it at a SARS branch.

What supporting documents are required to complete an income tax return?

Supporting documents are required to complete an income tax return. Below is a list of documentation/information that may be required: IRP5/IT3 (a) Employees Tax Certificate (if applicable) Certificates received for local interest income, foreign interest income and foreign dividend income.

Do I need to attach any documentation to my tax return?

Although this information is needed to complete your tax return, no documentation needs to be attached to the return when submitting it to SARS. You are required to keep all supporting documentation for five years from the date of submission of the return.

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