ALERT! Sars tax filing season starts this week — here are some scams to look out for

Sars said it will be using an auto-assessment system to complete the tax returns for a large percentage of taxpayers with uncomplicated tax returns.Sars receives data from employers, medical schemes, banks, retirement annuity funds and others.

“We then use that data to calculate your tax assessment. If we are satisfied that the data and tax calculation is correct, we issue the assessment to you via eFiling or the Sars MobiApp. This process is referred to as an auto-assessment. “At the same time, we also send you a message via your preferred channel of communication to let you know that your assessment on eFiling or the Sars MobiApp is ready for you to view,” it said. The first thing to do is to log into eFiling or the Sars MobiApp and view your assessment. You will be able to see all the data used to calculate your assessment.

“If you are in agreement with the assessment, then check if a refund is due to you or if you owe Sars. If a refund is due, then there is nothing more you have to do — you can log out and wait for the refund, which you can expect within about 72 hours, provided your banking details with Sars are correct. If you owe Sars, make the payment via eFiling or Sars MobiApp on or before the payment due date,” said Sars.

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