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Who must submit returns for the 2023 tax year?
- 19 June 2023
- Accounting
- South African Accounting Academy
Public Notice 3540 in Government Gazette 48788 – Returns to be submitted by a person in terms of section 25, sets out, inter alia, the following:
- General
- Persons who must submit an income tax return
- Persons not required to submit an income tax return
- Periods within which income tax returns must be furnished
In the case of all natural persons, trusts and other juristic persons, such as institutions, boards or bodies)—
-
- on or before 23 October 2023;
- on or before 24 January 2024 if the return relates to a provisional taxpayer and is submitted by using the SARS eFiling platform.
- Form of income tax returns to be submitted
- Manner of submission of income tax returns
Click here to download the Government Gazette Notice:
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.
- As an auditor, accountant, tax practitioner and independent reviewer, who may advise your clients, you need to consider whether your client must submit an income tax return, and if so, within which period, and in which form and manner the income tax return should be submitted.
Relevance to Your clients:
- As a taxpayer, your clients need to consider whether they must submit an income tax return, and if so, within which period, and in which form and manner the income tax return should be submitted.
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