Sars efiling logbook 2018

Whether youre selfemployed, a business owner or a corporate employee, tracking your travel and fuel expenses is crucial for business and tax purposes. The 12 000km threshold reference has been removed with effect from 01 march 2018. I have received an additional assessment from sars what. Travel log book 2019 download here ctf provides you with a workable sample here car log book. The corresponding presentation material is available for viewing on fincens website.

How do taxpayers feel about the proposed new filing. Without a logbook, you will not be able to claim a travel deduction. The everincreasing sars footprint now extends to 53 branches nationwide, 21. Travel elog book sars logbook used to claim a deduction. Sars efiling is a free, online process for the submission of returns and declarations and other related services. Even though the hand written logbook is still compliant to the requirements of sars, it is definitely a very time consuming affair. This logbook enables you to claim a deduction from income tax for business travel. How to use sars efiling to file income tax returns if you are younger than 65 years old, you only need to pay tax if your income is more than r78 150 per year. Gps logbook combines fuel logbook and travel for tax purposes.

Tax season deadlines the deadline for nonprovisional taxpayers was brought forward to allow more time for finalising audits before the year ends. May 28, 2018 the proposed deadline of 31 october is based on the draft notice that was published on 9 may 2018. Sars responds by saying a letter is not an acceptable means of communication and that client must lodge objection. The rules, these terms and conditions, and the notices, hyperlinked in these terms and conditions, constitute the entire agreement between sars and the user and supersedes all prior or implied agreements, whether oral or in writing, relating to the subject matter hereof. Using this function means you that you wont need to enter every date and it can even take into account. Kindly note that your logbook must be in a sars approved format, you. Business travellers urged to keep accurate logbooks. The south african revenue service sars thanks you for submitting the revised income tax return for the 2018 tax period.

In our previous article, tax season 2018, we outlined some need to know information about tax deadlines and when to file a tax return. I submitted all my documents to sars theyve asked again. Travel log book 2018 download here travel log book 2017 download here travel log book 2016 download here. Tim uses your answers to complete your income tax return instantly and professionally, with everything filled in in the right place. Jun 23, 2018 hi cyberbob i would suggest to go on efiling and take a screenshot of your 2018 tax return filing page the one where you upload supporting documents, and also download your latest statement of. The income tax act 58 of 1962 gives taxpayers who receive a travel allowance the right to claim this deduction if they use their private vehicles for business purposes, but travelling between home and work is not included. You may make use of the sars elogbook, simply download the. Free excel logbook for sars download at the bottom of the page.

Channel deadline type of taxpayer manual post or at sars branch 21 september 2018 nonprovisional and provisional efiling or electronic filing at sars branch 31 october 2018 nonprovisional. This assists in the log book submission of an annual tax return. How do taxpayers feel about the proposed new filing deadline. Aug 01, 20 this logbook enables you to claim a deduction from income tax for business travel.

It is compulsory to keep a logbook for south african revenue services to submit a claim for your vehicle expenses on year end. This free service allows taxpayers, tax practitioners and businesses to register free of charge and submit returns and declarations, make payments and perform a number of other interactions with sars in a secure online environment. Suspicious activity reports sars as of april 1, 20, financial institutions must use the new fincen reports, which are available only electronically through the bsa e filing system. Ctf is an established company that is geared to provide individuals and businesses of all sizes with a comprehensive and professional financial management service at an affordable rate find out more. The payroll practitioner must again be notified to rectify the problem in. Firstly, record your motor vehicles odometer reading on 1 march, i. The proposed deadline of 31 october is based on the draft notice that was published on 9 may 2018. Reimbursive travel allowance taxable code 3702 and 3722. If sars still requires for documents from you, they will either send you an email directly with a specific request or send a letter via efiling with the additional information required.

View all your trips made within a selected timeframe. The sars efiling app is an innovation from the south african revenue service sars that will appeal to the new generation of mobile taxpayers. Travel elog book sars logbook used to claim a deduction on personaltax. Work out how big your tax refund will be when you submit your return to sars. The 2019 filing season for the submission personal income tax returns through efiling will commence on 1 july 2019. Jun 11, 2019 the 2019 filing season for the submission personal income tax returns through efiling will commence on 1 july 2019. Collect your free travel logbook for sars here it is compulsory to keep a logbook for south african revenue services to submit a claim for your vehicle expenses on year end. The biggest change for the 2018 tax season has been the shortening of the filing period by three weeks.

During 2016, a total of 2 000 returns were submitted by tax practitioners at sars branches, while in the 2017 tax season, 120 000 were. Jun, 2019 the 2019 filing season for the submission of personal income tax returns through efiling. The income tax act 58 of 1962 gives taxpayers who receive a travel allowance the right to claim this deduction if they use their private vehicles for. Tax planning log book sars have now made it compulsory to have a detailed car log book. Calculate your claim based on the cost scale table which sars supplies youll find this table in the introduction section to the travel elogbook. Jul 10, 2012 travel log book sars july 10, 2012 efiling, log book, logbook, sars, tax, travel log alot of you are probably trying to sort out your log book into the correct format for submitting your 2012 sars returns. Pretoria, saturday july 2019 the south african revenue service sars is pleased to announce that there has been an increase of five percent in the uptake of efiling in the first two weeks of tax season 2019. Jun 28, 2018 the biggest change for the 2018 tax season has been the shortening of the filing period by three weeks. I forgot my password i remember my login name and want to reset my password. If you are looking to create an excel logbook for sars and you want it to include the dates for working days only, you can easily create it in excel using the workday function. It is now compulsory to keep a logbook of all your travel in which you record what travel was for business and what travel was for private purposes if you want to claim a. I want to change my banking details i want to download the travel elogbook i need to. The south african revenue service reserves the right to audit and query the content or information recorded by the taxpayer in any logbook.

Sars travel logbook total opening kilometres at the beginning of the year of assessment closing kilometres at the end of the year of assessment daily business travel records primary information to be furnished by a taxpayer as required by sars date. Jan 14, 2019 tax season deadlines the deadline for nonprovisional taxpayers was brought forward to allow more time for finalising audits before the year ends. The 2019 filing season for the submission of personal income tax returns through efiling. The 18 biggest mistakes you can make on your tax return this year. Remember that your income is the money you earn either at your job or from other activities like renting out a room in your home or working after hours, as well as any interest youve. Tax season 2018 has arrived and has been in full swing since the 1st july 2018. To the extent that no logbook was kept, the travel amount will be subject tax, in full. So, what are the official dates for the 2017 tax season. Completed logbook other reports to confirm rental or trade income or expenses claimed after submission of the itr12 to sars an it34 assessment will be issued, which will indicate whether an amount of tax is payable to sars or a refund is due to the taxpayer. Code 3703 is not deemed to be remuneration and will not be assessed by sars. Travel elog book sars logbook used to claim a deduction on. Use it as a source of information when compiling your income tax return itr12. Only go online to submit returns, reconciliations and tax certificates, or manage agent appointments aa88. Client then objects, and transfers the r1m back to sars.

The closing dates sars deadlines for tax season are as follows. Claiming car expenses in 2019 the right way fitzpatrick group. In past years sars allowed taxpayers other than provisional taxpayers from july 1 to the. You can calculate your claim based on the table of costs supplied you are now ready to calculate the amount of your claim. The logbook should contain a detailed record of your business mileage for the tax year i. In preparation for the filing of the income tax return it is recommended that those taxpayers who receive a travel allowance make sure that their 2019 logbook meets all of the requirements laid out by the south african revenue service sars. The south african revenue service reserves the right to audit and query the. Employees may also be entitled to claim a reduction on the fringe benefit in respect of business mileage travelled in motor vehicles provided by an employer. If you are not automatically redirected, please click here.

In keeping with sars 2018 theme, we have put together 5 easy steps to make filing your 2018 tax return as simple and painless as it needs to be. In making the announcement, acting sars commissioner mark kingon christened the 2018 campaign theme no sweat, stating that sars has made the path to compliance easypeasy. Best bet most relevant search result site page pdf document. Free travel logbook online electronic tax logbook dryk. The e filing service is still available for users to submit filings, carry out public searches and request office copies. The revised information still does not match the information in the possession of the sars andor the income tax return has been identified for verification in terms of the tax administration act. This is why matrix offers all mx3 customers access to the best, stateoftheart automated sars tax logbook. In many cases, sars does require a bit more information from you and these would need to be sent to them either to the email address supplied in the direct. Tax practitioners, whose primary filing channel is efiling, are using branches to file taxpayers returns. If you receive a travel allowance from an employer or principal, you can claim a deduction on assessment of your annual income tax return for the use of a private motor vehicle for business purposes. Wjw accounting introduction to a serious of articles relevant to the current tax filing season to assist taxpayers during 2018. You will find the cost tables which apply to the tax year from 1 march 2018 to 28 february 2019 on the next page. With the new efiling app, taxpayers are able to complete and submit their annual income tax returns quickly and easily on their smartphones, tablets or ipads and receive their assessment. The comments received are being considered and a final notice will be issued by no later than 04 june.

Sars disallows objection because client took longer than 30 days to lodge objection. Sars is also encouraging the use of efiling to alleviate the pressure on its. Live life simply by using the sars tax logbook for automated travel, fuel and maintenance reporting. The gps log book device plugs into the cigarette lighter in your car and automatically records all vehicle mileage. Hi cyberbob i would suggest to go on efiling and take a screenshot of your 2018 tax return filing page the one where you upload supporting documents, and also download your latest statement of. I forgot my login name i have forgotten my login name but remember my password and want to have my login name sent to me. Its important to keep a record of your trips for an accurate, detailed and sars. Take your completed travel logbook together with all other supporting documents with. Public comment period on the draft notice closed on 23 may 2018. Changes to travel reimbursements from 1 march 2018 rsm. Always keep your sars travel logbook safe and secure. With the matrix tax logbook, you can enjoy the following features. Despite the loathing many taxpayers have for sars, many of them look forward to this time of year as they often get a little back from the fiscus. Top tips for sars efiling fenns incorporated chartered.

It allows you to keep track of business and private trips. May 16, 2019 travel elog book sars logbook used to claim a deduction on personaltax. The rates in the table on this page relate only to the 201718 tax year, i. This gps logbook is webbased so you access your trip data anytime, anywhere, provided you have an internet connection. After the data has been uploaded to the gps log book server, via a user friendly online interface, then sars compliant log books can be created. Travel log book sars july 10, 2012 efiling, log book, logbook, sars, tax, travel log. If you use your own car to travel for business, you need to keep a sars logbook to record how far you drive for business purposes. Your last chance to make the most of the 2018 tax season. How to cruise through a travel audit efficiently taxtim blog sa. On september 18, 2012 fincen held an information webinar regarding the new fincen sar.