Sars has made a number of changes to the format of the tax returns this year.
Taxpayers have to enter more details about their medical aids and retirement funds.
There has been a number of technical issues relating to these updates.
The Money Show’s Bruce Whitfield interviewed TaxTim cofounder Marc Sevitz.
TaxTim provided a step-by-step guide on how to deal with these glitches.
Travel allowance codes left off IRP5s
Do you receive a travel allowance, or use an employer-provided vehicle?
Sars has left the relevant code off IRP5s in error.
If you’ve already submitted your tax return, you’ll have to do so again.
Medical data may be incorrectly pre-populated
Notice a difference between you Medical Tax Certificate and the medical data already on your tax return?
Click on the “Refresh Medical Data” (located next to the “Refresh IRP5 data”) button.
This pulls the latest information from your tax certificate into your tax return.
Changes relating to the Retirement Annuity section
Ensure you enter the number of retirement funds you have contributed to in the correct field.
Confirm that you captured the total contributions for the year correctly.
If you contributed to a single fund; the total would equal the amount you contributed to for that specific policy.
If you contributed to multiple funds; add up the contributions to each fund and enter the total amount in the correct field as indicated below.
For more detail; listen to the interview in the audio below.
Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.
Recommendedby NEWSROOM AI
The Money Show’s Bruce Whitfield interviews ADvTECH CEO Roy Douglas.
The Money Show’s Bruce Whitfield interviews Vlismas about his attitude to money (hopes and fears, successes and failures, etc.)
Bruce Whitfield interviews Dragons' Den Judge Vusi Thembekwayo, author of “The Magna Carta of Exponentiality”.
It’s stock pick time on The Money Show! Bruce Whitfield interviews Cartesian Capital CEO Anthea Gardner.
The group refuses to admit guilt for any casualties. Bruce Whitfield interviews Tiger Brands CFO Noel Doyle.
If this is the only business content you consume all week; you’re all right.
Stephen Rathai, director of employment standards at the Department of Labour talks on the new national minimum wage.
Bruce Whitfield interviews La Grange about her and Madiba's attitude to money (hopes and fears, successes and failures, etc.)
The Money Show’s Bruce Whitfield interviews Galileo Capital Financial Advisor Warren Ingram.
Following a spate of farm murders in the Cape, the policing expert says there aren't enough stats available on farm killings.
Stephen Grootes says he believes former Eskom CEO Brian Dames when said he was not formally introduced to the Gupta family.
Pan Africanist Congress's Narius Moloto explains why it supports the name Azania, a word which he says has Arabic origins.
The EFF lawyer stole the show during the state capture report court battle.
Elon Musk, as you’d expect, hails from an exceptional family. Bruce Whitfield interviews his Capetonian father.