The South African Revenue Service (SARS) eFiling system facilitates the electronic submission of tax returns. The phrase “23 24” refers to the tax year, indicating assessments for the period starting in March 2023 and ending in February 2024. Understanding the commencement date for this specific tax year’s filing season is crucial for taxpayers to comply with their legal obligations.
Adhering to the designated filing period is vital for avoiding penalties and interest charges levied by SARS for late submissions. Electronic filing offers numerous advantages, including convenience, accessibility, and often, faster processing of refunds. Historically, SARS has implemented eFiling to streamline the tax collection process and enhance efficiency for both the revenue service and taxpayers.
