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SARS will start issuing "auto-assessments" to taxpayers from 1 August 2020
- 26 June 2020
- Accounting
- South African Accounting Academy
On that day, a significant number of taxpayers can expect to receive a sms that SARS has prepared their tax returns for them, and that a draft assessment is available on eFiling or Mobiapp to consider.
For those that accept the draft assessment, there will be no need to complete and file a tax return, and if a refund is due, the refund will follow within the 1st week of August.
A taxpayer will be eligible for auto-assessment if their respective third-party data providers have filed all third-party data in respect of that taxpayer.
Taxpayers who, for example, have not yet received their IPR5 certificates are advised to immediately approach their employers and insist that the IPR5’s are issued to them. During August, taxpayers who have not yet been auto-assessed but in respect of whom a complete set of third-party data has subsequently become available, will be invited by SARS to file early.
Click here to read the media release.