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Jess says: 3 May 2022 at 17:41 I received an SMS from SARS which says something about an auto-assessment. When I login to eFiling I see there is an option to accept or edit it. Are there any risks involved with accepting it? What should I look out for? Please help, I know nothing about this new SARS process. |
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TaxTim says: 3 May 2022 at 17:44 We suggest you reject the assessment and file your tax return with TaxTim in order to maximise your chance of a refund. You can see instructions how to reject your auto-assessment, by clicking here. Note, that by selecting 'edit' you are effectively rejecting it. This is because we think there may be risks involved with accepting the auto-assessment, which could result in you paying too much tax. Reasons why you should not accept the auto-assessment: 1. SARS may not have received all of your tax certificates 2. SARS may not have your most up-to-date tax certificates 3. You may miss out on claiming certain deductions, which won't appear on your auto-assessment e.g. wear and tear, home office and donations to charities. 4. You may have additional income (e.g freelance or rental) which won't appear on the auto-assessment. Remember you are responsible for declaring ALL of your income to SARS. You could face tax penalties if SARS later confirms that you earned income that wasn't declared. Please read our blog for more details about auto-assessments. |
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