Sars

2024 - 7 - 1

SARS Shakeup: Tax Dispute on Ice to Filing Season Frenzy

auto-assessments - SARS - tax disputes - tax season - WCO Council - tax season 2024

Get ready for tax season with SARS as disputes are paused and auto-assessments roll out!

SARS, the South African Revenue Service, is making waves with a diverse range of news. From putting a tax dispute with Kumba's flagship mine on hold to gearing up for the upcoming Filing Season in July, SARS is keeping taxpayers on their toes. The ceasefire agreement with Sishen Iron Ore Company (SIOC) hints at an intriguing legal battle in the making. Meanwhile, taxpayers are advised to stay compliant and prepare for auto-assessments by reconciling their tax certificates and documents.

As the 2024 tax filing season approaches, SARS is set to start auto-assessments on 1 July, followed by individual taxpayer filings on 15 July. The expansion of auto-assessments to 4.8 million taxpayers marks a significant shift in the filing process, streamlining and simplifying tax submissions. With SARS already taking the lead in some taxpayers' assessments, the pressure is on for others to keep up with the changing landscape of tax compliance.

In addition to the tax frenzy, SARS Commissioner has been re-elected as the WCO Council Chairperson, showcasing South Africa's leadership on a global scale. The re-election to this prestigious position highlights SARS' influence and expertise in international customs matters. With the tax season unfolding and SARS at the helm of tax administration, taxpayers are in for a dynamic and eventful journey ahead.

Post cover — Image courtesy of "Business Day"

Sars puts tax dispute with Kumba's flagship mine on ice (Business Day)

The SA Revenue Service (Sars) has agreed to a ceasefire with Sishen Iron Ore Company (SIOC), ahead of their legal showdown before the Supreme Court of ...

Filing Season for taxpayers set to start in July (South African Government News Agency)

With Filing Season for the 2024 tax year set to commence in July, the South African Revenue Service (SARS) has announced that the pool of taxpayers who will ...

Sars auto-assessments: Be prepared, stay compliant, and avoid ... (Bloemfontein Courant)

“The auto-assessment remains an estimated assessment. Taxpayers are advised to reconcile the assessment with their tax certificates, bank statements and salary ...

SARS 2024 tax filing season is here (BusinessTech)

The South African Revenue Service (SARS) said auto-assessments start on 1 July 2024, and filings for individual taxpayers kick off on 15 July 2024.

Filing Season 2024: SARS Expands Auto-Assessments to 4.8 ... (Free State Central News)

With the 2024 tax year Filing Season set to commence in July, the South African Revenue Service (SARS) has announced a significant expansion in its.

SARS auto-assessments start rolling out – what taxpayers need to ... (BusinessTech)

Filing season for provisional and non-provisional taxpayers will start in two weeks, but SARS may have already done all the work for some taxpayers.

SARS Commissioner re-elected as WCO Council Chairperson (BuaNews Online)

The highest decision-making body of the World Customs Organisation, the WCO Council, has re-elected the South African Revenue Service (SARS) Commissioner ...

Mastering SARS auto-assessments for tax season - IT-Online (IT-Online)

Jul 1, 2024. With the South African Revenue Service (SARS) having announced the parameters of the auto-assessment for this year, there has been a flood of ...

Individual taxpayers be warned: You cannot escape beneficial ... (Independent Online)

As the 2024 Income Tax Filing Season approaches, the South African Revenue Service (Sars) has implemented significant updates aimed at simplifying tax ...

Individual Taxpayers to report 'beneficial ownership' information in ... (Polity.org)

As the 2024 Personal Income Tax Filing Season approaches, the South African Revenue Service (SARS) has implemented significant updates aimed at simplifying ...

It's the 2024 tax season! (Randfontein Herald)

The South African Revenue Service (SARS) announced July 15 as the start of the Filing Season for provisional and non-provisional taxpayers who are required ...

Sars loses appeal bid over judgment on R142m 'gift' to SA woman (Business Day)

Sars' challenge against the High Court's finding on tax courts 'goes against the weight of authority' the full bench outlined in its April judgment.

World Customs Organisation re-elects SARS Commissioner by ... (SARS)

The highest decision-making body of the World Customs Organisation, the WCO Council, has re-elected SARS Commissioner Edward Kieswetter as the WCO ...

Sars announces start of the 2024 eFiling tax season (Independent Online)

Auto-assessments for an expanded pool of taxpayers will run from July 1 to 14, 2024.

Beware the pitfalls of 'opt in' and 'opt out' provisions in SARS tax ... (Daily Maverick)

The South African Revenue Service (SARS) has indicated that for the 2024 personal income tax filing season, starting in July 2024, it will once again make use ...

2024 tax season kicks off - SABC News - Breaking news, special ... (SABC News)

The 2024 tax season kicks off this month with the South African Revenue Service (SARS) opening the auto-assessments portal for an expanded pool of taxpayers ...

Sars loses appeal against SA supermodel's tax bill in R142m gift (Independent Online)

The Western Cape High Court has for the second time dismissed the five year-long appeal by the South African Revenue Service (Sars) to tax about R44 million out of R142m gifted to a South African swimwear model by former Lebanese prime minister Saad ...