New Sars Efiling 2023: Step By Step Guide On How To Submit Tax Returns For Individuals
Channel: Liv  Sambo
Date: 2023-07-13

New Sars Efiling 2023: Step By Step Guide On How To Submit Your Tax Return For Individuals. Sars efiling - Step-by-step guide on how to submit 2023 Tax returns.
Here's a comprehensive step by step guide on how to submit your tax return using SARS eFiling for the year 2023, including an explanation of how SARS Auto Assessments work:
For our contact details go to: https://profitandbooks.com/
For Sars help: https://www.sarsefiling.co.za/ or https://www.sars.gov.za/

Step 1: Gather your documents and information

Collect all the necessary documents and information required to complete your tax return. This may include your IRP5/IT3(a) certificate(s) from your employer(s), investment income statements, medical aid certificates, and any other relevant documentation.

Step 2: Register for SARS eFiling
If you haven't registered for SARS eFiling yet, you'll need to create an account. Visit the SARS eFiling website (www.sarsefiling.co.za) and click on the "Register" button. Follow the prompts to provide your personal details, create a username and password, and verify your identity.

Step 3: Log in to SARS eFiling
Once you have registered, log in to your SARS eFiling account using your username and password.

Step 4: Check your eligibility for Auto Assessment
SARS will determine your eligibility for Auto Assessment based on the information they have on record. If you are eligible, SARS will send you an SMS or email notification informing you that your Auto Assessment is ready. If you didn't receive an Auto Assessment notification, you will need to manually complete your tax return.

Step 5: Review and accept your Auto Assessment (if applicable)
If you received an Auto Assessment notification, log in to your SARS eFiling account and click on the link provided. Review the pre-populated tax return form, ensuring that the information is accurate and complete. If you agree with the assessment, you can accept it by clicking the "Accept" button.

00:00 Introduction
00:14 Here is the step-by-step guide on how to submit tax returns using your new SARS efiling in 2023
00:26 I will be explaining what is auto assessment and how auto assessment works.
00:39 Auto assessment is an AI program that has been established by SARS to streamline tax return assessment. Its aim is to streamline the tax assessment process for individuals, making it efficient and convenient.
00:50 People who qualify for Auto assessment will receive a pre-populated tax return form generated by SARS based on the information SARS has on record.
01:06 The SARS income tax form includes details such as income earned, tax deductions, and tax credits which are calculated by SARS.
01:19 Once a taxpayer receives their auto assessment forms if they agree with the pre-populated information they can just submit the forms on SARS efiling.
01:30 Here is the step-by-step tutorial on how to submit a tax return for the individual taxpayer.
01:41 First you need your IRP5/ IT3 certificate from your employer, or investment income statement e.g. your retirement annuity, or medical aid certificate, or if you have other extra incomes.
01:54 If you have not registered for SARS efiling, go to https://www.sars.gov.za/ and click register for efiling
02:14 Sars efiling will ask for your personal details, create a username and password and verify your identity.
02:25 Once you have registered on SARS efiling, log in to your efiling account using your username and password.
02:36 Check if you are eligible for auto assessment, SARS determine your eligibility for auto assessment based on the information they have on record
02:51 If you don't receive your auto assessment notification, you will need to manually complete your tax return inside the SARS efiling platform
03:02 If You received an auto assessment notification, log in to your SARS efiling account and click on the link provided.
03:16 If you agree with the pre-populated information in your auto assessment you can click accept button.
03:29 If the is a mistake in your auto-assessment form you can edit it before you accept it.
04:00 Click on the return tab in your SARS efiling account, select the relevant tax for your 2023, and choose the appropriate tax return form(ITR12 for individuals)
04:15 Submitting your tax return, after reviewing and ensuring the accuracy of your tax return, click on submit button.
04:27 After you have submitted your sars tax return, SARS will receive your tax return and conduct a verification process.
04:38 Once the assessment is completed, SARS will inform you of the outcome, either through the efling platform or mail.
04:50 If you owe taxes, SARS will provide instructions on how to make the payment.
05:03 If you are eligible for a refund SARS will deposit the money into your bank account.