The announcement by the SA Revenue Service that it has started auto-assessing certain taxpayers may lead some people to believe they no longer need to worry about their tax submissions, but think twice before accepting your auto-assessment.
This is not the case, according to Thamsanqa Msiza, the head of individual tax returns at Tax Consulting SA.
Sars announced that, throughout this month, it will assess a large number of taxpayers automatically. Other instances highlighted by Msiza include an investment tax certificate, for example, appearing on the assessment although the taxpayer holds no such investment. Or an employer may fail to submit a copy of the employee’s IRP5.
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