The personal income tax return - ITR12
ID:CVITR
Video Overview
At the tax year end, which is the last day of February for individuals, the PAYE is reconciled to and compared with the tax liability calculated on the tax return for individuals. The individual taxpayer will either have to pay additional tax to SARS because the annual tax liability exceeds the prepaid taxes, or the individual will receive a refund from SARS because the prepaid taxes exceed the tax liability at the year-end according to the ITR12 return. In this tutorial we will focus on the personal income tax return, called the ITR12.
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