Fin24

Tax returns hit record

2012-11-27 18:47

Bloemfontein - A record 5.66 million income tax returns were submitted during this year's tax season, the SA Revenue Service (Sars) said on Tuesday.

Spokesman Adrian Lackay said the total number of returns received by 23 November was 16.4% higher than the previous year.

The total includes 4.214 million returns from individuals for the 2012 tax year.

This was an increase of 14.3% compared to 3.688 million in 2011.

The payments from taxpayers was 6.9% more than 2011.

Lackey said SARS also received 1.4 million outstanding returns from previous years, which was 25% higher than outstanding returns submitted by the 2011 deadline.

Sars said overall there was a remarkable response to the 2012 tax season with 86.05% of returns filed on-time.

Lackey said electronic submissions via eFiling also appeared to be a huge success and was increasing.

eFiling by taxpayers themselves totalled 3.08 million, which was 11.2% higher than in 2011.

Sars said refunds of R14.55bn were paid in 2012, which was R1.87bn higher than the 2011 figure of R12.68bn.

Lackey said this year Sars paid 94.5% of all refunds within 72 hours.

Nearly 400 000 individuals received refunds this year.

Comments
  • jasonv4 - 2012-11-27 18:55

    Interesting comparing the individual tax return record of 1.4million to the census population total of R57million.

      sven.gohre - 2012-11-27 19:17

      Do you not mean 4.214 million Individual Tax returns. Maybe reading is a problem to you. That said, it means that 7% of the population supports 53% of the population which is totally unsustainable as the CancER will soon discover.

      jasonv4 - 2012-11-27 19:40

      Yeah, i tried to correct it..but can't edit or delete on this thread.. counted census also just over 50Mil..

      de.stig.9 - 2012-11-27 20:25

      Whities always think u the only one paying tax, remember tax returns have a minimum wage so there’s lot of people being taxed but not filed. Also when u buy a commodity u pay VAT so your 4.2 million supporting 57mil is wrong.

      saintbruce.bruce - 2012-11-27 21:57

      The 4.2 million folks that should be the only ones allowed to vote! It makes no sense to ask people that have no money to select a government that manages the money of those that have made the effort to generate it! You pay tax, you can have a say in who and how it is spent. Reasonable?

      heathway.master - 2012-11-28 11:01

      As the e-toll saga confirms, the Goverment will never have enough money to ever make them content and satisfied.

      jaco.skalkwyk.73 - 2012-11-28 11:27

      @de.stig9 - Your are right. 4,2mil is supporting only few hundred people...in government. Zuma's house = 100 000 low cost houses.

      wo0two0t - 2012-11-28 16:17

      DE.STIG - I paid in excess of R7k tax last month and that doesn’t even include VAT. While someone on a grant gets say R2k-R3k pm probably spends most of it on bread/milk etc. which isn’t taxed and what they do buy that is taxed will never surpass the 2-3k grant he got to begin with so by that logic it’s impossible to sustain without someone else footing the bill? To add insult to injury the ANC are hell bent on destroying their tax base through their ridiculous policies. What will they do once the tax payers move abroad – who will pay for the useless?

  • obadia.segwape - 2012-11-27 18:58

    oops NKANDLA will be finaly built

      ruan.smith.14 - 2012-11-27 19:11

      ha ha

  • thepatrickwinter - 2012-11-27 19:00

    Out of 51 million people, only 4.2 million tax reurns and that's 14 % more. WOW ! We are in trouble. And to think they steal and misspend Billions. Miraculous that the back hasn't broken.

      de.stig.9 - 2012-11-27 20:25

      Whities always think u the only one paying tax, remember tax returns have a minimum wage so there’s lot of people being taxed but not filed. Also when u buy a commodity u pay VAT so your 4.2 million supporting 57mil is wrong.

      cza.ziphethe - 2012-11-28 06:41

      Sean.wolf tell us how many whites are in S.A.(Less than 7mil) 2ndly how many are eligible to pay tax (above 18

      cza.ziphethe - 2012-11-28 06:51

      Above 18

      heinrich.etsebeth - 2012-11-28 06:58

      @de.stig.9: Newsflash - If tax is deducted you have to file. The minimum is the same as the lowest tax bracket. Besides that you still fail to see the picture. These figures means that there are 4.2 mil people that pays tax compared to 51 mil people in the country. Of that 51 mil about 40% are completely jobless. Meaning that they do not get any form of income other than social grants. It means that 4.2 mil people are paying to keep 20.4 mil people alive. If you do the math and look at the census stats you will actually be able to paint the picture. If you take all of the income tax collected and divide it by the amount of people without jobs that has to be supported by these ridiculous social grants then there is a whopping total of R515 per person per month without any of the budget going anywhere near where it can make any kind of difference. Put that in your pipe and eat it :X

      cza.ziphethe - 2012-11-28 06:58

      Above 18yrs

  • J.Stephen.Whiteley - 2012-11-27 19:05

    E-filing a growing success, although the effort makes me hysterical

  • edmund.meyer.3 - 2012-11-27 19:06

    Zuma must be so happy...

      mark.singh.9889 - 2012-11-28 08:14

      sean, zuma probably already included the a/c in the toilets. but i am sure he will think of something else more unnecessary to waste the tax money on

  • freddy.vanwijk - 2012-11-27 19:10

    I wonder how much taxpayer's money that is payed in, is going on for ever to be abused considering the general issues that are discussed on a daily basis. Manual submissions of tax returns could well be obsolete in the near future. A far more stricter oversight of spending of taxpayer's money is well overdue and the failure of government in this regard is going to cost them heavily.

      heinrich.etsebeth - 2012-11-28 07:02

      4.2 million returns at an average of R30000 income tax gives you R126 000 000 000 Luckily for us there is still something like provisional income tax which does not include these people and companies taxes which together with VAT makes up the rest of what Zoomer wants to steal over the next couple of years and fill his bunker under Nkandla with.

  • phaldiemeyer - 2012-11-27 19:10

    if that translated into better service delivery, it would've been cause for elation but we all know that most of the money will be lost through the actions of corrupt and greedy politicians. S.O.B's

  • gerald.king.589 - 2012-11-27 19:32

    If only we could see some return.

  • brasteve.myaluze - 2012-11-27 19:36

    The politicians are salivating

  • sello.molekwa.1 - 2012-11-27 19:36

    It's just a pity most of the tax money we have paid to SARS is going to be wasted and misappropriated through maladministration and tender corruption.

  • shyguyhr - 2012-11-27 19:39

    Gudnews 4 nkandla boy

  • janis.moolman - 2012-11-27 19:40

    Mmmmmmmm more to take

  • leroy.firmin - 2012-11-27 19:43

    people u do know that of the 51 million people in this country about only 23 million are able to vote, witch means that only 23 million people are over the age of 18, , 4.8 million people who submitted tax returns, also people who earn less than R100 000p/a thats about R8 000 a month dont have to submit a tax return, so in the end it works out to 1 persons tax pays about 3 people on social grants, so it dose look like we getting better and better every year

      allan.rosenberg.752 - 2012-11-27 19:59

      @leroy - someone who knows what he is talking about. Quite refreshing

      de.stig.9 - 2012-11-27 20:26

      thank u

      heinrich.etsebeth - 2012-11-28 07:06

      Yes but once Zoomer and his cronies has taken all they can spend how much is left to actually pay out those grants... and what then of the other projects that all needs money?????

      jannie.pieterse.98 - 2012-11-29 01:51

      South African grants are there for the poor, elderly, children and people with a disability. Yes, it is not the best system but in the interest of the people above, we cannot tamper with this or let this system fail.

  • allan.rosenberg.752 - 2012-11-27 19:52

    Thank you for such an in depth report. The key figure that most share holders would expect to see is the bottom line > how such money was collected or is that information only divulged to a few selected leaders

  • siyabonga.phungula1 - 2012-11-27 20:10

    mmm... doomsayer proven wrong again?

  • Ntutu Dlova - 2012-11-27 20:20

    and it all goes to nkandla

  • Tony - 2012-11-27 20:21

    Sars paid 94.5% of all refunds within 72 hours - good for them, I've been waiting 11 months!

      thabang.molelekoa - 2012-11-28 06:46

      Me three....

      de.stig.9 - 2012-11-28 16:51

      then u must learn to file properly, i got mine within 24 hours

  • RedForman101 - 2012-11-27 20:56

    Make only those who pay tax allowed to vote and see what change in government we will have!

  • Zahir - 2012-11-27 21:00

    How is the tax money being spent wants to goes to govt depts accounts

  • Fundile Lallo - 2012-11-28 06:04

    5.66 million submitted their tax returns and only 400.00 were refunded. I hope that does not include thousands of people who were refunded with cents .

      thabang.molelekoa - 2012-11-28 06:50

      And over 94% were paid within 72hrs... Lol, what a joke, I'm still waiting for 11 months now... These numbers are cooked for sure

      wendy.webb.980 - 2012-11-28 08:41

      Fundile, most people who receive fixed salaries will not get a refund because their tax is calculated and deducted precisely during the course of the tax year. For the average salary earner, the main reason for a tax refund would be spending in excess of 7.5% of taxable income on out-of-pocket medical expenses.

  • altus.kirsten - 2012-11-28 07:06

    Spend it wisely!

  • siphoza.zandela - 2012-11-28 08:01

    Well Well, what can I say..5.66 million tax returns for this tax season and we have a population of about 50 million people. That means millions don't pay taxes. Its very sad that our tax money gets stolen, misused, wasted and so forth, its an utter disgrace. Those that pay taxes should just stop paying full stop. Do you think or stupid,corrupt, mainly un-educated, self enriching goverment can put millions of individuals in jail..there no space for the over 150 000 already in jail, so lets all stop paying taxes from today until ANC goverment stops wasting our damn hard working tax payers money.

  • daniel.mogale.94 - 2012-11-28 08:23

    Too much tax collected so we don't need to pay for Toll roads..............

  • brendan.vogt.1 - 2012-11-28 08:30

    YIP, 5,6 million tax payers supporting 50 million people.

  • glen.clark.37669 - 2012-11-28 09:01

    Great, now Pravin can give and extra R5bill for the toll roads!

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