The South African Revenue Service (SARS) can directly withdraw funds from taxpayers' bank accounts, which can be unexpected. With the tax season starting on July 15, 2024, provisional taxpayers must file their returns by October 21 if they disagree with their auto-assessments.
Tax Consulting SA highlights the importance of understanding tax obligations to avoid surprises. Many taxpayers discover debts only after SARS has withdrawn money from their accounts due to AI-generated assessments or missed notifications. Regularly checking tax compliance via SARS eFiling is crucial to prevent serious consequences like wage garnishments and asset seizures. Although SARS judgments can be severe, taxpayers may reverse certified statements by following legal procedures.
