Tips to help you get on top of your tax return this year

The South African Revenue Service (SARS) is focused on improving its systems and processes to ensure taxpayers comply with their legal obligations and file their tax returns correctly and on time. Carrie Norden, senior tax specialist, offers a step-by-step guide to help us tackle this year’s filing season.

1. Diarise the dates
The notable dates for the 2024 tax-filing season are:

Auto-assessment notices sent by SARS: 1 to 14 July 2024
Filing dates for individual taxpayers (non-provisional), including those who have been selected for auto-assessment: 15 July 2024 to 21 October 2024
Filing dates for provisional taxpayers: 15 July 2024 to 20 January 2025
Filing dates for trusts: 16 September 2024 to 20 January 2025

2. Ensure your information is up to date with SARS
Before filing season starts, it is advisable to check that your information is up to date with SARS on eFiling or the SARS MobiApp. This includes static details (your name, address, cell number, email address); your preferred communication channel (SMS or email); your income tax number; bank details; marital status and your country of tax residency. This is important to ensure that SARS can reach you (via your preferred communication channel) if you are selected for auto-assessment or pay into the correct bank account if you are due a refund.

If you have forgotten your South African income tax number, you can reach out to SARS via eFiling, the SARS MobiApp, SMS or the SARS Online Query System to confirm it.

Read full article on: https://www.allangray.co.za/latest-insights/personal-investing/tips-to-help-you-get-on-top-of-your-tax-return-this-year/

July 26 2024 By Carrie Norden - Allan Gray