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Labrish
Nyuuz
Heads up, provisional taxpayers, SARS auto-assess kicks in on 7 July
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[QUOTE="Munyaradzi Mafaro, post: 46593, member: 636"] South Africa's tax agency will test automatic tax returns for business owners during 2025. The Revenue Service plans to invite certain self-employed people to try the new system. These taxpayers must show interest before officials add them to the pilot program. The agency will send notifications starting July 7 to selected participants. This marks the first time business owners can use the streamlined process. The automatic system fills out tax forms using data from banks and employers. Officials gather information from medical plans and retirement funds to complete returns. Self-employed people previously could not use this service because their finances are more complex. These taxpayers make advance payments throughout the year based on estimated earnings. Their tax situations require more detailed review than regular employees. Taxpayers who receive automatic returns can accept them without taking further action. People who spot missing information may edit their forms through the online system. The agency will process refunds within three business days for accurate returns. Those who owe money must pay through banks or mobile apps before deadlines. Officials set October 20 as the deadline for most individual taxpayers. The tax service warns people about fake messages and emails during filing season. Scammers often target taxpayers with phony communications about refunds or penalties. Officials remind citizens to verify all messages through official channels before responding. The agency will only contact taxpayers through verified phone numbers and email addresses. People should report suspicious messages to prevent fraud. [/QUOTE]
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Labrish
Nyuuz
Heads up, provisional taxpayers, SARS auto-assess kicks in on 7 July
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