Tax Season 2024: Opening Date and Deadlines
SARS has announced some updates
Original blog post: https://www.taxtim.com/za/blog/tax-season-2024
The 2024 filing season opens this year on Monday, 15 July.
This year, the tax season is even shorter than last year (and last year was shorter than the prior year!). This means that SARS are giving you less time to file your tax return.
Important Filing Deadlines
21 October 2024: salaried employees, who earn no other income (i.e non-provisional taxpayers)
20 January 2025: self-employed, rental earners, freelancers, sole props (i.e provisional taxpayers)
Auto-Assessments:
SARS will once again ‘auto-assess’ a large number of taxpayers, using data that they have received from 3rd parties, such as employers, financial institutions, medical schemes and retirement fund administrators. If you have been auto-assessed, you should receive an SMS or email from SARS sometime between 1 July and 14 July.
If you are in agreement with the auto-assessment, no action is required. If you are not in agreement with the assessment, you can contact us at The Tax Shop Alberton and we can assist you with correcting and filing it.
Penalties
Don’t procrastinate this tax season. SARS has no sympathy for late filers and is very quick to slap on harsh penalties. We strongly advise that you submit early in the tax season to avoid last-minute stress and unwanted SARS penalties.
Emily Gomes (ICB Senior Bookkeeper)
Senior Bookkeeper
Emily obtained a Senior Bookkeeping National Certificate with ICB and has relevant experience. She has experience in digital marketing design and social media marketing as well as bookkeeping functions, VAT, payroll, PAYE, company secretarial, debtors and creditors for multiple companies.
QuickBooks Certified