The average South African employee (and even employer) should be well familiar with what the IRP5 is and represents. This is the tax certificate which is given the employee at the end of each tax year in the country. It contains various information, which usually revolves around appropriate related incomes, deductions as well as related taxes.
When it comes to conversations surrounding this tax certificate, one of the prominent questions which many folks usually ask and want to know is “Where Can I Download My IRP5?” Well, to download your IRP5 form online, simply do so via your SARS efiling profile with a good smartphone or computer. While you can easily obtain it from your employer, this is another very fast medium to get it done.
Where Can I Download My IRP5
Here is a simple way to download your IRP5 from your SARS efiling profile:
A. First of all, launch the SARS website with a device that has good internet. You can either make use of a smartphone or a PC if you want. The most important thing is that you are enabled to do this online.
B. Then log in to SARS efiling once the portal is done loading. If it failed to open, you may want to check your internet or change your Web browser.
C. Next, look to the left side of your screen, and you will see a space to choose returns issued
D. After this, on the drop-down, you should simply choose Personal income tax (ITR12), since this is what you are concerned with here
E. Furthermore, choose the already requested tax year on the list (Open)
F. Alternatively, you can decide to choose the tax year and then request the return (this can be found on the top right). When you have opted for this, you can then open.
As far as your employer has submitted the IRP5 to SARS from their own end, you should be able to retrieve it following the above steps.
Also, if you can’t find anything, you can follow this steps. First of all, press the Refresh data button and wait for the page to finish loading. Then, you are to proceed to tick the IRP5 data box and then press OK. The effect is that, the return will be updated with the most recent SARS information.
But if you still can’t get it after doing all of these, then you should simply check your bank statements as well as payslips to recreate necessary annual salary details to send to SARS in your Tax Return.
Understanding Your IRP5
We don’t have to place too much emphasis on the necessity and purposes of taxes again. In South Africa, taxes are necessary funds which the government can utilise to put in place crucial structures that helps move society forward. Every developed country around the world has been able to put in place appropriate structures when it comes to the business of tax. Then, they make use of these funds to build and do things that are of great benefit to the people.
When a tax year comes to an end, another tax filling season opens, and eligible workers have to submit their Tax Returns to SARS as far as they have received income during that period. This is what the law requires. And as a worker in South Africa, you have the liberty to either submit your Tax Returns to SARS through eFiling online, or by simply going to their physical branch.
There are very important information you are to submit to SARS to enable them determine what is due as your tax. You must inform them of the total income you were able to make for that period with proofs. Additionally, you should indicate amount of the allowable deductions for this same period.
At this point, we should place emphasis on the fact that tax stuff is a law thing. Hence, SARS is backed up by the South African law. Of course, the law has given pointers as touching how these should be approached. For instance, an employer is expected to submit their employee’s IRP5 to SARS. When all has been appropriately done, the agency gives the employer a hard copy of each employee’s IRP5 certificate. Then, as an employee, you can simply obtain yours from your employer.
We should also add this very important information. It is expected that you take time to confirm that the information and details on your certificate is correct. What happens if you discover that some of these information are not correct? You should simply talk to your employer, and they will have to make a correction to the mistake. Afterwards, they can go ahead with a re-submission to SARS so as to update the information. Kindly note that the law prohibits anyone from making attempts to make any changes to information shown on the IRP5 certificate.
Before wrapping up this discourse, we should also explain that it is possible for a worker to get more than one IRP5. This happens in specific instances, and each will provide information as touching the dates that which the worker has worked at the respective firm. Additionally, it comes with details like the total income, allowances and also other benefits obtained during that particular tax year.
Finally, the IRP5 is designed to give different categories of income which have been obtained during the particular time. The range of income are categorised under various source codes, which you may want to get familiar with if you are interested.
We have settled the discourse of where can I download my irp5. As you should be aware already, you can easily get this on your SARS efiling profile online. If you have a good smartphone or PC, simply use your device to retrieve it all by yourself.