2025 Tax return filing season Individuals

The 2025 tax return filing season will commence shortly. As your trusted tax professional we will assist in ensuring you experience a seamless and successful filing season. In this regard see below for your kind consideration.

SUBMISSION DUE DATES

Auto-assessments: 7 July 2025 to 20 July 2025

Non-provisional taxpayers: 21 July 2025 to 20 October 2025

Provisional taxpayers & Trusts: 21 July 2025 to 19 January 2026

SARS will impose administrative non-compliance penalties for the late or non-submission of your tax return. The penalties range from R250 to R16 000 per month depending on your prior year’s taxable income and will recur monthly until your tax return is submitted.

Note provisional taxpayers: you can make a voluntary provisional tax payment to settle or reduce your normal tax liability by 30 September 2025. The payment will reduce the interest charged on assessment where your final tax liability exceeds the taxes already paid. In order for us to attend to this calculation we require your tax information in good time (covering the period 1 March 2024 to 28 February 2025)

SARS AUTO-ASSESSMENTS

Where SARS notifies you that an auto-assessment will or has been issued in respect of your 2025 tax year, do not act on such as the auto-assessment may not be accurate. Kindly advise us thereof so that we can verify the information.

CESSATION OF TAX RESIDENCE

If you relocated to another country during the 2025 tax year you will need to determine whether you ceased to be a South African tax resident. This cessation has both normal tax and SARS disclosure consequences.

ASSETS IN EXCESS OF R50 MILLION

If the value of your assets exceeds R50 million you are required to submit a statement of assets and liabilities as at 28 February 2025, reflecting both local and foreign assets at cost and market value.

TAX INCENTIVES: RENEWABLE ENERGY

If you purchased qualifying assets used in the generation of electricity from renewable energy sources for purposes of your trade or business, you can claim a deduction of 100% or 125% of your cost in terms of section 12B or 12BA, respectively.

Note: solar panel incentive in respect of installations at your primary residence ended 29 February 2024.

QUESTIONNAIRE: PROMPT FOR TAX INFORMATION

In order for us to complete your 2025 tax return by the applicable due date we require your tax information in good time (covering the period 1 March 2024 to 28 February 2025).

See the questionnaire below which serves as a guideline to the information required. We will also use your answers to complete the SARS ‘wizard’ which creates the required tax return sections to ensure full and complete disclosure.

Complete the questionnaire by ticking/highlighting the appropriate block and return together with the relevant documents to us.

Marital Status
Not married, e.g. single, divorced, widow/widower	Yes	No
Married in community of property	Yes	No
Married out of community of property	Yes	No
General Information
Are you a SA tax resident?	Yes	No
Did you cease to be a SA tax resident during this or any tax year?	Yes	No
Were you unemployed for the full year of the assessment and received no income and realised no capital gain/loss?	Yes	No
Were you unemployed for any period during this tax year?	Yes	No
Are you a director of a company and/or a member of a close corporation?	Yes	No
Are you a partner in a partnership?	Yes	No
Did you transfer any funds offshore, whether in this or a previous tax year? If so, any income and/or capital gains received/accrued must be disclosed while the investment amount must be reflected on your statement of assets and liabilities (if applicable).	Yes	No
Did you apply to SARS in terms of the Voluntary Disclosure Programme? If so, is this declaration made according to such agreement?	Yes	No
Employment/Annuity income
Did you receive income reflected on IRP5 certificate(s) from an employer/retirement fund administrator?	Yes	No
Did you receive a travel allowance and wish to claim a deduction for business use?	Yes	No
Did you have the right of use of a company-owned/leased vehicle and wish to reduce the taxable benefit by business use and/or costs you have incurred?	Yes	No
Did you receive commission income in excess of 50% of salary and wish to claim a deduction for business expenses incurred?	Yes	No
Did you receive any income from employment rendered offshore?	Yes	No
Investment Income (local & foreign)
Did you receive any local or foreign interest and dividend income, including REIT dividends? If so, provide -	Yes	No
Interest and dividend certificates from banks/portfolio administrators (IT3b)
Schedule of interest and dividends (if not received from banks/portfolio administrators)
Do you contribute towards a Tax-Free Investment? If so, provide -	Yes	No
Interest and dividend certificates from banks/portfolio administrators (IT3s)
Capital Gain / Loss (local & foreign)
Did you dispose of local or foreign assets including but not limited to shares, primary residence, crypto assets? If so, provide –	Yes	No
Capital gains tax certificates from portfolio administrators (IT3c or IT3s)
Schedule of transaction details (if assets are not administered by portfolio administrators), including date of purchase, purchase price and sales price (copies of agreements if available)
Did you sell any SARS approved Venture Capital Company shares? If so, provide details as a capital gain and/or recoupment calculation is required.	Yes	No
Letting of Fixed Properties (local & foreign)
Did you carry on local or foreign trade of letting of fixed properties? If so, provide the financial statements/accounts.	Yes	No
Business, Trade and Professional Income & Farming (local & foreign)
Did you carry on local or foreign business, trade or farming operations e.g. crypto assets, share trading, consulting? If so, provide the financial statements/accounts.	Yes	No
Donor & Beneficiary of Trust(s)
Are you a donor of a trust (local or foreign)? If so, is any income and/or capital gains deemed to accrue to you in terms of section 7 attribution rules?	Yes	No
Are you or your minor child a beneficiary of a trust (local or foreign)?	Yes	No
If so, did you receive any distribution of income, capital gains, trust capital or asset from such trust?	Yes	No
Did you have a loan receivable from such trust?	Yes	No
Other Receipts and Accruals (local & foreign)
Do you or together with any other SA tax resident hold more than 50% shares in a foreign company? If so, provide the financial statements/accounts.	Yes	No
Did you receive any other taxable income not addressed above, e.g. royalties?	Yes	No
Did you receive non-taxable income, e.g. donations, inheritances or foreign pensions?	Yes	No
Deductions
Certificate(s) received in respect of contributions to retirement annuity fund (RAF)	Yes	No
Certificate(s) received in respect of additional voluntary contributions to pension and/or provident fund for past or additional services bought	Yes	No
Certificate(s) received in respect of donations made to approved public benefit organisations (section 18A)	Yes	No
Certificate(s) received in respect of contributions to medical aid scheme and schedule of expenses paid together with copies of invoices not recovered from medical aid scheme (local or foreign)	Yes	No
Do you, your spouse, child or dependent suffer from a physical impairment or disability? If so, we will advise what is required to claim a deduction.	Yes	No
Did you pay any medical expenditure including contributions to a medical aid scheme on behalf of immediate family who are dependent on you for support?	Yes	No
Did you work from home and wish to claim home office expenditure? If so, we will advise what is required to claim a deduction.	Yes	No
Did you incur any other tax deductible expenditure not addressed above?	Yes	No
Foreign Tax Credits
Were any foreign tax credits refunded / discharged during the tax year for which a rebate was allowed during a previous tax year?	Yes	No
Tax Incentives: Renewable energy
Did you purchase renewable energy assets which qualify for section 12B or 12BA tax incentive? If so, provide details.	Yes	No
Statement of Assets & Liabilities
If you are a director/member or conduct farming or trade activities, you are required to submit a statement of your assets & liabilities (local and foreign) as at 28 February 2025 (at cost).	Yes	No
If the value of your assets exceeds R50 million you are required to submit a statement of your assets & liabilities (local and foreign) as at 28 February 2025 (at cost and at market value).	Yes	No

TAX CHANGES TO YOUR PERSONAL DETAILS

You are required to notify SARS of any change to your personal details including, physical and postal address, cellular phone number, email address as well as bank account details. Kindly advise us thereof.