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SARS: Income tax return filing dates 2024
- 07 June 2024
- SARS Issues
- South African Accounting Academy
Auto-assessment notices for taxpayers with simple tax affairs will start on 1 July and continue until 14 July.
The filing season for taxpayers with slightly more complex tax affairs and provisional taxpayers (those earning income other than remuneration, such as interest or rental income) kicks off on 15 July. Trusts can start filing their returns from 16 September.
The dates for the 2024 Filing Season are:
- 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
The auto-assessment process started two years ago. More than 3.5 million taxpayers were auto-assessed last year. The assessment is based on the data provided to Sars by employers, financial institutions, medical schemes, retirement annuity fund administrators and other third-party data providers such as estate agents.
Click here to access the SARS webpage:
https://www.sars.gov.za/types-of-tax/personal-income-tax/filingseason/
Relevance to Auditors, Independent Reviewers & Accountants:
- The Income Tax Act is yet another piece of legislation that your clients must comply with, and which you must assess compliance with. If they don’t comply with the relevant laws and regulations, you have certain reporting obligations in terms of NOCLAR (NOn-Compliance with Laws And Regulations) – this could include reporting to management, qualifying your audit opinion, reporting a Reportable Irregularity, etc.
- Individual taxpayers and trusts, must submit their 2024 income tax return to SARS before the relevant deadline date.
- Tax practitioners should inform their tax clients of the penalties & interest that SARS will levy on late income tax return submissions.
Relevance to Your Clients:
- Individual taxpayers and trusts, must submit their 2024 income tax return to SARS before the relevant deadline date.