Record tax returns filed on first day

A record number of South Africans submitted their income tax returns on day one of tax season, the country’s revenue service said yesterday. At the close of business on Wednesday, 171 568 tax returns had been submitted. “This is even more significant and encouraging if one considers that the threshold for submitting an income tax return this year was increased to R350 000 from R250 000,” said SA Revenue Service (Sars) commissioner Tom Moyane. “This achievement on day one heralds a great start for the tax season and sends out a very positive compliance message by taxpayers.” Moyane said 14 000 Sars staff were on hand to help taxpayers. – ANA