How does tax auto assessment work?
As from 1 July 2024 SARS has started with the personal income tax auto assessment.
This applies to people who’s tax returns are less complex, meaning they don’t have a lot of deductions or only one income stream. SARS will send you a SMS or email if they have issued an auto assessment for you.
The next step is then to log into your eFiling account and look at the assessment. If you agree with it, you can just click accept.
If the tax works out on a refund, it will be paid out by SARS within 72 hours if your banking details are up to date. If your banking details have changed, you can amend it using eFiling. If you owe SARS money, it has to be paid before the due date as shown on the IT34 document.
If you do not agree with the assessment, you can open the tax return and add any additional details that SARS does not have. It is very important to ensure that all the details are on the tax return and correct.
Other taxpayers can submit their returns from 15 July 2024.
Contact us if you need assistance with submitting your tax return.