Tax season is in full swing with the 25 November deadline for regular, individual taxpayers almost here. In addition to your legal obligation to do so, one of the most compelling reasons to file your tax return is because you might have overpaid or overestimated your taxes and the South African Revenue Services (SARS) might be paying you back some extra cash.
This is especially true for those who did not work for the entire tax year, changed jobs during the period, received allowances, contributed to medical aid and / or retirement funds or earned income from commission, rental income, as independent contractors or from running a business as a sole proprietor in a personal capacity.
This unbudgeted income will mean extra cash in your pockets and the options on how to spend it are endless.