9/16/2023 0 Comments Financial transaction tax tpc![]() ![]() SARS can also extend the 40 business days after the expiry of the 40 business days if the taxpayer’s request is submitted to SARS within 21 business days after the expiry of the 40 business days, and if accompanied by reasonable grounds. SARS can extend the 40 business days if we receive the request for extension before the expiry of the 40 business days, together with reasonable grounds.If a taxpayer is not in agreement with the assessment, he/she can access the tax return via eFiling or SARS MobiApp, complete the return, and file it within 40 business days from the date that SARS issued the assessment.To assist taxpayers who were auto-assessed and wish to make corrections to the auto-assessed returns, SARS provided the following guidance: Information on this can be found at: How does Auto-Assessment work | South African Revenue Service (). Changes to the Auto Assessment Functionįor the 2021/2022 filing season, SARS introduced changes to the auto assessment process. ![]() For more information on how we will help you to comply, submission channels, enhancements to ™ Employer and more, see our letter to stakeholders. Employer Annual Declaration opened on 1 April and closes on ĭuring this period, employers are required to submit their annual reconciliation declarations (EMP501) that reflect accurate and the latest payroll information about their employees, monthly employer declarations (EMP201) for PAYE, UIF and SDL payments made (excluding penalties and interest paid) and employee tax certificates (IRP5/IT3(a)s generated, covering the full tax year from 1 March 2022 to 28 February 2023. ![]()
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