What to know before accepting your Sars auto assessments

You can also listen to this podcast on iono.fm here. ADVERTISEMENT CONTINUE READING BELOW JIMMY MOYAHA: It’s Personal Finance Time on a Monday, and we’re taking a look at Sars’s auto assessments. The auto-assessment period kicks off from Sars’s perspective next week, from the 1st of July, and as taxpayers there’s a lot that we need to keep an eye on, and that we need to make sure we are ahead of in this auto-assessment period kicking off.

ROBYN GILBERT: It’s not that you can opt out, if I could say it that way, Jimmy, because remember, the purpose of the auto assessment is for Sars to assist you to make sure that your return is submitted. It could be going somewhere else. So that’s one of the first things I would say. It’s just very important to check out and to make sure that your Sars-registered details do match your actual current .

If it is information that you have access to, of course you would then input it, whereas if it’s a mistake made by a fund or by a third-party provider, then you would have to contact them directly. JIMMY MOYAHA: Robyn, what else do you need to do to avoid penalties? How do you prepare for this? What actions do you take? You mentioned a little earlier that we must verify our information so that we have the correct information on the Sars database so they can communicate with us. But what else do we need to do to get ahead of this and stay ahead of this?

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