2 days Ago
PERSONAL FINANCE The SA Revenue Service (Sars) has announced that 15 July 2024 will be the start of the Filing Season. This is when a taxpayer can manually update their tax returns. However, from 1 July to 14 July, auto-assessments will be run, so don’t be surprised if you start to receive SMSs and emails from Sars.
However, fraudsters will take advantage of these communications and the fact that tax refunds are due. Expect a sharp increase in fake Sars communication and be extra vigilant. Never click on a link in an SMS or email.
Rather go to the eFiling website or Sars Mobi App and log in to verify the information. Sars will never ask you to update your banking details via SMS or email. If your contact details, including an email address and cellphone number, as well as banking details, have changed, update these details on eFiling or the Sars Mobi App.
This will make your tax filing and refunds seamless and it will help prevent fraud and identity theft. Sars will be auto-assessing around 4.8 million taxpayers.
These will be salaried taxpayers who have simple tax returns. An auto-assessment is a pre-populated tax return based on third-party data that Sars receives from employers, financial institutions, medical schemes and retirement fund administrators. READ: The dark world of insurance fraud – including murder for insurance Even if you do receive a notification for an auto-assessment, you should still go and check your return for accuracy.
If items are missing from th.
)
