The South African Revenue Service (SARS) has thanked provisional taxpayers and trusts for filing their 2024 Income Tax Returns before the 20 January 2025 deadline.
Key Filing Stats
📌 543,252 provisional taxpayers filed returns, up 4.76% from last year.
📌 84,134 trusts submitted returns, a 22% increase from 2023.
📌 6.8 million non-provisional taxpayers complied, with 4.76 million auto-assessed—a 24.94% jump.
What This Means for Accountants
SARS sees improving compliance, but stresses more work is needed. It urges trusts and provisional taxpayers to stay compliant to avoid penalties.
💡 Trustees to take note: Registered representatives remain personally liable for trust tax compliance, even when using a tax practitioner.
SARS warns taxpayers that non-compliance will be costly, with SARS using AI and data science to boost enforcement.
