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Tax

ITR12

The annual income tax return for individuals. Filed via eFiling (or accepted as auto-assessed) for the tax year ending 28 or 29 February.

The ITR12 is the personal income tax return that reconciles all income, deductions, and tax already paid for the year ending 28 or 29 February. Filing season usually opens 1 July for individuals and runs to mid-October for non-provisional taxpayers, late January for provisional taxpayers.

Most salaried taxpayers now receive an auto-assessment first — SARS pre-populates the return from third-party data (IRP5s, medical schemes, retirement funds, banks) and issues a notice. You can accept the auto-assessment as-is or open the full ITR12 if you have additional income, deductions, or capital gains to declare.

Filing late attracts admin penalties starting at R250 a month (or more, depending on income). Underestimating provisional tax through the ITR12 can also trigger interest under section 89quat. Both auto-assessment acceptance and full-return submission happen via eFiling or the SARS MobiApp.