2020 TAX SEASON
The new filing dates for the 2020 tax filing season, which cover your income/expenses from 1 March 2019 to 28 February 2020, will be as follows:
•Salary earning(non-provisional) taxpayers who file online: 1 September 2020 to 16 November 2020
•Provisional taxpayers who file online: 1 September 2020 to 31 January 2021
•Branch filers (By Appointment): 1 September 2020 to 22 October 2020
In August, SARS will be implementing an auto-assessment to some individual taxpayers and you may receive an SMS if you are selected to be auto-assessed. Essentially this means that SARS attempted to complete your tax return based on 3rd party data alone (such as IRP5, medical, investments) and has issued you an assessment without your input.
We suggest that you don’t accept the auto-assessment but rather file your tax return as before from the 1st of September.
Doing so will prevent the following scenarios from happening:
•Potentially no/ or a reduced tax refund because SARS doesn’t have all your data
•Potential errors as SARS may not have your latest tax certificates from your employer
•No ability to claim tax deductions which will not appear on your auto-assessment e.g. medical expenses, donations, home office, wear and tear, etc.
Please feel free to contact us for more information.