How to get a tax refund from Sars

Every week on The Money Show, Bruce Whitfield interviews the author of a popular business book.

In this interview (from 2018), Whitfield chats with Daniel Baines, author of 'How to Get a SARS Refund'.

Baines has updated his book, which is available, right now.

Book description by publisher Penguin Random House South Africa:

(Since this interview, a new edition has been published with revised examples and updates on changes to tax legislation.)

Increase your chances of getting a refund from the South African Revenue Service (Sars)!

If you derive your income from salaried employment and wish to utilise the tax laws in South Africa to minimise your tax liability and maximise your refund from Sars upon filing your annual tax return, this book is for you…

“How to Get a SARS Refund” will help you understand why you are liable for a particular amount of tax and will assist you in reducing your liability.

It will also help you navigate the annual income return (ITR12) for individuals as you complete your return via eFiling.

Topics covered include the basics of understanding individual tax, deductions from taxable income and medical tax credits.

The guide also deals with the following types of taxes a salaried taxpayer may become liable for:

* Dividends tax

* Tax on interest earned

* Capital gains tax

* Provisional tax

With plenty of informative, practical examples, “How to Get a SARS Refund” sets out in a simple, effective way how to get the most bang for your buck from the taxman.

Scroll up to the audio player to listen to the interview.