With the 2025 income tax deadline approaching, it’s essential to consult a registered tax practitioner,” says Mr. Viljoen, CEO of CTV & Associates. “A qualified professional can offer expert advice on allowable deductions, helping you maximise your tax refund and remain fully compliant.”
Avoiding Administrative Penalties
Failing to meet the income tax deadline can lead to costly consequences. SARS imposes monthly administrative penalties for late submissions, with the penalty amount determined by the taxpayer’s income bracket.
Many taxpayers unknowingly accumulate significant penalties due to late or non-submission of income tax returns. To avoid this, we recommend requesting a Tax Clearance PIN each year after filing, a simple way to confirm your compliance with SARS regulations.
Checking your SARS Compliance
If you have outstanding returns, unsure about your compliance status or are not aware of any returns submitted, it’s time to take action! Do the right thing by contacting CTV & Associates (www.ctv-tax.co.za) so that we can do a thorough compliance check with SARS.
We’ll ensure that you meet all obligations before the income tax deadline! Don’t let penalties impact your finances unnecessarily.
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