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The road to real-time tax integration

The road to real-time tax integration

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The road to real-time tax integration

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  1. The road to real-timetax integration

  2. The Journey 2001 2003 2004 2005 2006 2007 2008 Launch of electronic submissions SARS Consolidates eFiling Credit Push Payment Integration eStamps Transfer Duty Electronic Annual Returns, Advanced Tax Rulings Introduced PDF Personalised & Pre-populated Income Tax Return

  3. eFiling - Not just income tax • Services on eFiling include: • VAT • EMP • PTax • ATR • eStamps • Transfer Duty • Tax Clearance Certificates • Directives • Reportable Arrangements • Tax Practitioner Registration • Secondary Taxes on Companies (IT56) • Securities Transfer Tax • Customs Payments • Income Tax Returns • ITR12 • IT12TR • IT14 • IT12EI

  4. SARS Strategy 2008 • PAYE (Employer) submissions and reconciliation • Pre-populated returns • Customised annual returns – simplify tax process • Quicker turn-around times on submissions

  5. eFiling Objectives: Filing season 2008 • Refine the Technology base - Use of PDF documents • Split out the Site Personalities • Drive to real-time processing • Quicker turn around times • Better feedback on status • Electronic request for correction & notice of objection • Self service • Password reset • Taxpayer transfer • Uploading supporting docs • Drive toward end-to-end electronic processing for 2009

  6. eFiling Integration: gateway to SARS • Benefits of integration • Tax practitioner’s life made easier • Single point of engagement • Capture information once, through source application • Transfer electronically between systems • Status feedback - IT34 statement of account • - Electronic request for info

  7. The process Employer Individual EMP501 Annual Return Pre-populated Complete & Submit IT34 Refund NoO RfC

  8. End-to-end processing eFiling Web Portal eFiling Interface ISV

  9. Questions