Tax filing season has officially begun and individual taxpayers have until 21 October 2024 to submit their tax returns to Sars. Whether you like it or not, you have to deal with the taxman.
If you are not one of the lucky ones who do not need to file a tax return or were selected for auto-assessment, you will have to get your documents in order. Carrie Norden, senior tax specialist at Allan Gray, gives this step-by-step guide for a successful tax return process.
Diarise the tax datesPrepare yourself for tax season by familiarising yourself with the relevant dates, Norden suggests.
Sars sent out auto-assessment notices between 1 and 14 July 2024. If you did not qualify for that and you are an individual non-provisional taxpayer, you must submit your return by 21 October 2024.
Provisional taxpayers have slightly longer time to file, with a submission deadline of 20 January 2025, while trusts should file their tax returns between 16 September 2024 and 20 January 2025.
