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SARS: Updated Guides for Filing Season 2024
- 25 June 2024
- SARS Issues
- South African Accounting Academy
In the run up to Filing Season 2024, SARS has published the following updated Guides:
- Guide to the Individual ITR12 Return for Deceased and Insolvent Estates - https://www.sars.gov.za/wp-content/uploads/Ops/Guides/IT-GEN-06-G01-Guide-to-the-Individual-ITR12-Return-for-Deceased-and-Insolvent-Estates-External-Guide.pdf
- How to submit your Individual Income Tax return via the SARS MobiApp - https://www.sars.gov.za/wp-content/uploads/IT-AE-46-G01-How-to-submit-your-Individual-Income-Tax-return-via-the-SARS-MobiApp-External-Guide.pdf
- Guide to submit your individual income tax return via eFiling - https://www.sars.gov.za/wp-content/uploads/Ops/Guides/IT-AE-36-G06-Guide-to-submit-your-individual-income-tax-return-via-eFiling-External-Guide.pdf
- Comprehensive Guide to the ITR12 Income Tax Return for Individuals - https://www.sars.gov.za/wp-content/uploads/Ops/Guides/IT-AE-36-G05-Comprehensive-Guide-to-the-ITR12-Income-Tax-Return-for-Individuals-External-Guide.pdf
- Submit Request for Reduced Assessment (RRA01) via eFiling - https://www.sars.gov.za/wp-content/uploads/Ops/Guides/GEN-GEN-56-G01-Submit-Request-for-Reduced-Assessment-RRA01-via-eFiling-External-Guide.pdf
- Guide to Help-You-eFile - https://www.sars.gov.za/wp-content/uploads/Ops/Guides/GEN-ELEC-06-G01-Guide-to-Help-You-eFile-External-Guide.pdf
- Guide for Provisional Tax - https://www.sars.gov.za/wp-content/uploads/Ops/Guides/GEN-PT-01-G01-Guide-for-Provisional-Tax-External-Guide.pdf
The Personal Income Tax phase of Filing Season 2024 commences with the issuing of auto-assessments from 1 July 2024 up to 14 July 2024. Taxpayers who do not agree with their auto-assessments can file a tax return immediately, while all other taxpayers who are still required to file a tax return will be able to do so from 15 July 2024 onwards, with the exception of Trusts, which can do so from 16 September 2024 onwards. Non-provisional taxpayers who are required to file a tax return, as well as taxpayers in the auto-assessment population who wish to file a return in response to their auto-assessments, have until 21 October 2024 to do so. Provisional taxpayers and Trusts have until 20 January 2025 to file a return.
The updated Guides are outlining the changes and enhancements for this filing season, including but not limited to:
- Auto Assessment
- Investment Income for Spouse
- Tax Free Investments (TFI)
- Allowable Retirement Fund Contribution Deduction
- Solar Energy Tax Credit
- Sars MobiApp
Refer to the webpage for more detail on each of the above.
Click here to access the SARS landing webpage:
https://www.sars.gov.za/latest-news/updated-guides-for-filing-season-2024/
Relevance to Auditors, Independent Reviewers & Accountants:
- As an auditor, independent reviewer and accountant, who is involved in providing taxation services, you should be aware of relevant information published by the regulators, e.g. SAICA and SARS, to provide information on the latest changes affecting personal income tax.
- Tax Practitioners should be aware of the guidance available on regarding income tax and returns for the 2024 filing season.
- Tax Practitioners and taxpayers should always be aware of the latest guidance that has been issued SARS.
Relevance to Your Clients:
- Taxpayers should be aware of the guidance available on regarding income tax and returns for the 2024 filing season.