It’s that time of year again – tax season is upon us, and Enslins is here to help you navigate the complex world of tax filing, not just during tax season, but all year round.
SARS has introduced some exciting changes for the 2023 tax filing season, and we want to make sure you’re well-informed and prepared. Here’s a breakdown of what’s new:
Important Filing Dates
Mark your calendars! For non-provisional individual taxpayers, the filing season began on 7 July 2023 and is coming to a close on 23 October 2023. Provisional taxpayers have until 24 January 2024 to file. Call your nearest Enslins branch, and we’ll help you meet these deadlines and avoid penalties.
Tax Return Status Dashboard
Stay in the know with the Tax Return Status Dashboard on the SARS Online Query System. It provides a visual update on the progress of your Personal Income Tax returns – from submission to verification and refund processing. No more waiting on hold or visiting SARS offices; it’s all at your fingertips.
To find out whether you qualify for this year’s auto-assessment, have a look at the SARS Online Query Service; this feature streamlines the process, helping you get a head start on your taxes.
If you received an auto-assessment notification between 1 July and 7 July 2023, you have until 23 October 2023 to review it. Enslins can help you make informed decisions about your auto-assessment and file any necessary amendments before the due date shown on your Notice of Assessment.
Those who did not get an SMS from SARS should submit their Personal Income Tax Returns.
SARS has made a few updates this year:
- The 40 Business Days Rule now aligns with the non-provisional filing due date of 23 October 2023.
- Payment due dates have been adjusted for non-provisional eFilers.
- Provisional taxpayers with business interests must declare assets and liabilities.
- A new foreign income disclosure container has been introduced.
- Spouses married in community of property face a revised tax assessment.
- Section 93 Reduced Assessment requests are now automated.
Enslins – Your Trusted Tax Partner
While the tax season has its deadlines, managing your taxes is a year-round task. At Enslins, we’re more than just tax professionals; we’re your financial partners.
Our experts are here to guide you through the tax maze, maximise your deductions, and ensure compliance with the latest tax laws.
Don’t navigate the world of tax filing alone. Let Enslins be your partner in financial success. Contact us today and get ahead of the tax filing game, ensuring a smooth and stress-free experience. Your financial future is our priority!