What if I am auto assessed or receive communication from SARS?
Between 1st to 14th July 2024, taxpayers will be notified by SMS or e-mail if they were selected to receive an auto-assessment. Should you receive the SMS or e-mail, the next step for you would be to let us know as soon as you can so we can assist.
Where do I find the certificates required for submission?
We can assist you in retrieving all the required certificates during your allocated month of submission. If you’re unsure which month we will be handling your submission, you will find this in the e-mail we sent you entitled “NB: Personal tax season”. Please read this before reaching out to our tax team in the incorrect month.
Most certificates can be found via your e-mails (if service providers sent them to you) or through your online portals, such as Internet Banking.
What is the due date for submission?
Individual taxpayers (non-provisional): 21st October 2024
Individual taxpayers (provisional): 20th January 2025
Any changes from last season?
This year, the major change to be aware of is the new solar energy tax credit, to encourage individuals to invest in clean electricity-generation capacity. The amount of the solar energy tax credit allowed as a deduction to an individual was 25% of the cost of the solar PV panels described above, up to a maximum of R15 000. Read about this and other changes here.
Do I need to provide an IRP5?
Changes to wording shown here in bold: We are striving to have a smooth and efficient personal tax filing experience for all our clients, and in order to do so, we’ve allocated each person a month in which our tax team will be doing your taxes, to help manage expectations. The month in which we will be doing your personal income tax can be found in the e-mail sent to you entitled “NB Personal Tax Season”. In the months before that, our team most likely be super snowed under, so we ask you to hang ten, and wait for your allocated month for us to help answer all of your questions.
If you did not receive the e-mail, feel free to reach out to Marizette on tax@iridium.co.za
When will my return be submitted?
We have given you a personalised submission date.
We are striving to have a smooth and efficient personal tax filing experience for all our clients, and in order to do so, we’ve allocated each person a month in which we will be doing your taxes, to help manage expectations.
The month in which we will be doing your personal income tax can be found in the e-mail sent to you entitled “NB Personal Tax Season”. In the months before that, she’ll most likely be super snowed under, so we ask you to hang ten, and wait for your allocated month for us to help answer all of your questions.
If you did not receive the e-mail, feel free to reach out to us on tax@iridium.co.za
How do I know if I am a Provisional taxpayer?
If you think you may now qualify for Provisional Personal Tax for the first time, head to this article to discover what the qualifying criteria are, and be sure to let us know if you do qualify:
www.sars.gov.za/types-of-tax/provisional-tax/
If you qualify to be a provisional tax payer, your returns will be done in August.
Is there a cost?
We offer the service of submitting your Personal Income tax at no charge if you are a director of a company that is an accounting client of ours.
If you are not in such circumstances, you are welcome to reach out to us and we’ll send you a quote to provide this service for you.
Feel free to click here or reach out to Marizette, preferably in the month we will be tackling your submission, on tax@iridium.co.za
