TAX SEASON 2010 NOW OPEN!!!!

TAX SEASON 2010

1 July 2010 marks the start of the 2010 Tax Season for individual taxpayers and trusts.


Your tax return will contain only those income and deduction sections relevant to you.

Outlined below is a summary of main changes being introduced in the 2010 Tax Season regarding the ITR12 individual tax return:

• Taxpayers married in community of property as at 28 February 2010 must complete the fields concerning their spouse’s personal details on their return

• The total amount of investment income earned must be declared even if taxpayers are married in community of property as SARS will do the necessary apportionment

• As a result of a change in legislation persons who qualified as a “handicapped person” in the past must have his or her disability re-confirmed in order to continue to claim the deduction. This will be facilitated through the completion of an ITR-DD form – confirmation of diagnosis of disability form for an individual taxpayer. The ITR-DD form must be completed by the taxpayer and a duly registered medical practitioner.


DEADLINE date for the submission of income tax returns for non-provisional individuals and trusts via eFiling is 26 November 2010.

The efiling deadline date for provisional individuals and trusts is 31 January 2011.

Let’s get Tax Season 2010 off to a winning start. There is no need to wait - do it now!

Please contact us or visit http://www.acmeaccounting.co.za/