SARS has announced the Dates for Tax Season 2024
The South African Revenue Service (SARS) has announced the filing dates for tax season 2024, which will open in July.
The 2024 filing season of tax for individual taxpayers (non-provisional) will open 15 July 2024 and run to 21 October 2024.
Auto-assessment notices will start going out from 1 to 14 July 2024, SARS said.
The filing season for provisional taxpayers will run from 15 July 2024 to 20 January 2025, and for trusts, from 16 September 2024 to 20 January 2025.
Tax Season 2024 dates
- Individual taxpayers (non-provisional): 15 July 2024 to 21 October 2024
- Auto-assessment notices: 1 – 14 July 2024
- Provisional taxpayers: 15 July 2024 to 20 January 2025
- Trusts: 16 September 2024 to 20 January 2025
Ahead of tax season, SARS said that individual taxpayers should ensure they have received their IRP5/IT3(a) and other tax certificates like medical aid, retirement annuity fund, and any other third-party data relevant to determining their tax obligations.
Third parties would have already been sending this data to SARS for processing.
Auto-Assessments
SARS will automatically assess many taxpayers using information from third parties like employers, banks, health insurers, and retirement funds. If you have been auto-assessed, you should receive an SMS or email from SARS sometime between 1 July and 14 July.
If you are in agreement with the auto-assessment, no action is required. If you are not in agreement, you can dispute this with SARS or contact your tax practitioner for assistance in reviewing and objecting the return. It is important to note this must be done within 40 days of being auto-assessed.
Taxpayers will have 40 days to file corrections. What is an auto assessment? What you need to know about SARS Auto Assessments (zeeliepasa.co.za)
Frequently asked questions
When to expect auto assessments
If you are a full-time employee and your tax has been deducted and paid over each month to SARS. In addition, if you are a non-provisional taxpayer you could expect to be auto assessed.
What are the closing dates for SARS tax returns in 2024
Non provisional taxpayers are required to submit by the 21 October 2024 and Provisional taxpayers are required to submit by 20 January 2025
When must provisional tax returns be submitted?
The first provisional tax return must be submitted within the first 6 months of the year and the second provisional tax return at the end of the year of assessment. There's also an option to make a third provisional (top-up) payment before submitting your income tax return (ITR12) for that tax year.
When is a SARS Tax Refund Due?
When all the required supporting documents are submitted and the request has passed verification, the bank details should update immediately, and the refund should be paid within 21 working days. Once finalized, the refund is usually paid in 72 hours provided your banking details are correct
How do I file my tax return?
This can be done on efiling or the SARS branch closest to you. You can also contact a registered Tax Practitioner to assist you with your filings, this will ensure they are submitted correctly and that you have the assistance should SARS audit you.
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