The South African Revenue Service has earmarked 15 July as the start of the Filing Season for provisional and non-provisional taxpayers who are required to file a tax return.
Auto-assessments for an expanded pool of taxpayers will run from 1 to 14 July.
SARS says the pool of taxpayers who will be auto-assessed will increase to about 4.8m this year compared to about 3.8m taxpayers last year.
Taxpayers who agree with the auto-assessment do not have to do anything.
If a refund is due, it will be paid within 72 hours.
If tax is due to SARS, the taxpayer must make the payment by the due date.
At the same time, SARS has reported that South Africa recorded a preliminary trade balance surplus of over R20bn in May.
In its latest trade stats, SARS says the surplus was thanks to exports of over R178bn and imports of R158.3bn.
-eNCA
In other news – WATCH: Soccer star Thembinkosi Lorch buys a new truck
Well-known South African soccer star, and now businessman, Thembinkosi Lorch has recently made headlines with his latest purchase – a brand-new truck.
The video capturing this exciting moment has been circulating on social media, garnering significant attention from fans and followers. Lorch, who plays for Mamelodi Sundowns, is known for his skills and flair off the field. Read More
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