Tax filing season is fast approaching.
The annual scramble to find all the relevant information necessary to file income tax returns for individuals and trusts is about to start. The South African Revenue Service has announced the dates for the start of Filing Season 2024.
Nokukhanya Madilonga, senior tax manager at SNG Grant Thornton, says taxpayers can compare the information on their tax certificates with the 2024 income tax return to verify whether the return includes all their tax certificates and that the amounts are correct.“Last year, taxpayers did not have to accept the auto assessment like the previous year if they agreed. We believe the same will happen this year,” says Madilonga.
Knoetze adds that should a taxpayer disagree with the auto assessment, they have until the due date of 21 October 2024 to file the correct tax return. She also advises taxpayers who made use of the solar rebate of 25% of the cost of new and unused solar panels to declare it on their tax return.
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