The South African Revenue Service (SARS) has announced that the start of this year’s tax season will be Friday, 7 July at 20:00. Image: AdobeStock
SARS has urged taxpayers to make sure that they have the right documentation when submitting their returns
The South African Revenue Service (SARS) has announced that the start of this year’s tax season will be Friday, 7 July at 20:00. Image: AdobeStock
With the SA Revenue Service (SARS) having reopened on 1 July, Tax Consulting South Africa has encouraged taxpayers to make the necessary provisions and understand the full filing process.
According to the independent tax practice, you need to make sure of the following:
Tax Consulting South Africa also says SARS will continue to ensure to auto-assess the processes for individuals based on third-party data received from employers, financial institutions, medical schemes, and retirement fund administrators. The revenue service has acknowledged that taxpayers are still not submitting their returns.
“These taxpayers will receive a notification from SARS that states that they have a pre-populated income tax return available to review, on eFiling or the SARS MobiApp. If you accept your auto-assessment, any under or overpayment of tax will be processed as normal. If you want to edit your return, you can do so, on e-Filing or the SARS MobiApp”
“Before accepting the auto-assessment, the taxpayer must ensure to review the preloaded information to confirm the accuracy of this data. Should any data not be corresponding to the original tax certificate, or no tax certificate preloaded, you should immediately approach your employer or medical scheme or retirement annuity fund or other 3rd party data providers to make sure that they have complied with their submission requirements”
Tax Consulting South Africa