For non-provisional taxpayers whose finances are relatively straightforward, the South African Revenue Service has introduced the auto-assessment process. Although auto-assessment may relieve you of the tedious administrative work needed to complete your annual tax return, it does not remove your obligation to ensure that everything on the return is correct and that all information relevant to your income – and tax deductions – for the 2019/20 tax year has been included.
Assist taxpayers by making compliance easier, thanks to the auto-population of information and related tax assessment, which they can accept at the push of a button; and Khaki says: “You then have to access the Sars MobiApp or eFiling and either accept or reject the assessment based on a return that Sars will have populated using data received from employers, financial institutions, medical schemes and other third parties.”
“You may have additional deductions to claim or income to report that has not been pre-populated on your return. For example, you may have earned rental income or incurred medical expenses which were not on record with your medical scheme,” Norden says.
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