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How to Reject the SARS Auto-Assessment?

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As part of their mission to make filing taxes easier (and more South Africans tax-compliant), SARS has launched a new ‘auto-assessment’ system. It correlates the third-party data they receive about your financial affairs, like the IRP5 from your employer, and generates an amount on the system due from you. While it might be convenient for many people, there are circumstances where you need to reject the SARS auto-assessment- such as them using incomplete data or failing to take into account costs you can deduct. Today, we will look at the SARS auto-assessment in more detail, including how to reject it if you don’t agree with it.

How to Reject the SARS Auto-Assessment

Let’s start with the most asked question- can you, and how do you, reject a SARS auto-assessment? First of all, don’t panic, even if the amount assessed is wrong. Rejecting a SARS auto-assessment is pretty straightforward if you believe the assessment is inaccurate or incomplete. Here’s how to reject a SARS auto-assessment:

Log in to your eFiling account on the SARS website (www.sarsefiling.co.za) using your credentials. If you have been auto-assessed, you will see a pop-up informing you of this. Click out of it. 

Next, head to ‘Returns Issued’ on your eFiling account. Here, you should find your auto-assessment that SARS has generated for you, just like you would returns that you requested from the system yourself. We advise heading directly to the return rather than the ‘see assessment’ option, as that will only tell you what they believe is due, not how they arrived at that amount. 

Carefully review the return created by the auto-assessment to identify any errors, omissions, or discrepancies. Check all the income, deductions, and credits to ensure they are accurate and up to date. If it all looks good, go ahead and accept. Otherwise, click ‘edit return’ and make the necessary adjustments. You will see this return pop up as ‘version 2’ in the return history- the first one will be labeled as an auto assessment. SARS may prompt you to provide a reason for rejecting the auto-assessment. If so, you have the opportunity to explain why you believe the assessment is incorrect. Be specific and provide supporting documentation if necessary. 

However, in most cases, it will simply act as a revised assessment, just as if you requested a revision yourself. Submit the ‘new’ correct return, and everything else will proceed as normal from there.

How Do You Know If You Are Auto Assessed by SARS?

SARS identifies individuals eligible for auto-assessment based on the information they have on file. If they believe they have all the evidence of your earnings and relevant deductions, they may select you for auto-assessment. SARS typically sends auto-assessment notifications via email. Check your inbox, including spam or junk folders, for an email from SARS. They will likely SMS you about this as well.

Even if you don’t receive or miss these notifications, you will see you have been auto-assessed when you log into your eFiling account. There should be a system notification telling you. You will also find the assessment under the ‘Returns Issued’ section for the relevant tax year. This will also show on the SARS MobiApp.

What Happens if You Are Not Auto-Assessed by SARS?

Nothing, really! If you do not receive an auto-assessment from SARS, it means that you need to file your tax return as normal through digital or manual options. There can be several reasons for not being auto-assessed, such as:

  • Complex financial situations
  • Missing or incomplete information in your tax records
  • Certain deductions or credits that require manual assessment

In such cases, you will need to gather your financial documents, complete your tax return, and submit it to SARS through eFiling or at a SARS branch, just as you have every other year. Currently, they are focusing auto-assessments on employed people who pay PAYE, as they typically have limited deductions and ‘simple’ tax affairs. For now, this means provisional taxpayers are less likely to be auto-assessed. Of course, that doesn’t mean it can’t happen, so be aware of this new system either way.

Should I Accept SARS Auto-Assessment?

Technically, there is no way to ‘accept’ auto-assessment. They will apply it to your account if they think you are a relevant candidate. It is up to you to then check that information and allow the auto-assessment to stand or to request the return for correction and make the necessary adjustments that have been missed. Remember, if you do not revise and resubmit, the auto-assessment will stand as-is, so don’t simply ignore it.

Is your auto-assessment correct? That’s the real question. Review the information provided in your auto-assessment return carefully. Ensure that all income, deductions, and credits are accurate and up to date. If you notice any discrepancies, request the return for correction.

If you have a straightforward financial situation with only one source of income and minimal deductions, the auto-assessment will likely be accurate. However, if your finances are more complex, it’s likely they will not include all eligible deductions and credits, and they may even miss an income source, so you will need to correctly add these to your return. 

Not sure how to handle an auto-assessment? Consider seeking advice from a tax professional or accountant. They can help you evaluate the auto-assessment and determine if it aligns with reality.

Who Gets Selected for SARS Auto-Assessment?

SARS uses specific criteria to select individuals for auto-assessment- namely, that they believe they have captured your complete financial circumstances from third-party data. If you want to know if you are eligible for this service, you can look yourself up on the auto assessment lookup.

Who do they choose? While they haven’t revealed all factors, auto-assessment is meant to be helpful for taxpayers with consistent income and deductions, straightforward financial situations (such as those with a single source of income and standard deductions), those who have historically filed on time, and people whose financial information is readily available and matches what SARS has on record.

While there is a lot of concern around the new auto-assessment feature, as there always is when the taxman suddenly demands money without your input, remember that it is intended only to streamline the tax return process for eligible individuals, not as a punitive measure. It’s not like an audit or other verification. You will always be able to correct and refile the return to better reflect reality if there has been an auto-assessment error.

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FNB: Graduate Internships 2024

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FNB: Graduate Internships 2024

First National Bank (FNB) invites South African unemployed graduates Internship Programme 2023 / 2024.

Internship Application Closing Date: 22 January 2024

Internship Location: Johannesburg, Gauteng

Role Purpose: To participate in on the job training by attending meetings, shadowing staff members and researching information to be used in reports to gain practical experience in the business

Responsibilities

  • Deliver exceptional service that exceeds customers’ expectations through proactive, innovative and appropriate solutions
  • Provision of an efficient execution of role responsibilities through careful and timeous planning, reporting and updating of all related information in the relevant role of learning
  • Participate in the innovation process in the business and contribute toward new innovations against objectives
  • Participation in knowledge sharing and projects to maximise skills required for the role and relevant career exploration by executing all activities required to be efficient and successful
  • Manage graduate development plan by completion of training assignments
  • Manage graduate development plan to increase own competencies and skills by attendance of training
  • Manage own development to increase own competencies
  • Live the values of the business through demonstrating and displaying of the values required in the business

Required Qualifications:

Recent Graduates / Final year University degrees in:

  • Commerce (Accounting, Business Management, Finance, Economics etc),
  • Actuarial Science,
  • Maths,
  • Statistics,
  • Engineering,
  • Marketing,
  • HR,
  • Industrial Psychology,
  • Information Systems,
  • Computer Science,
  • This is not an exhaustive list of degrees

How to Apply

Apply Online for the FNB: Graduate Internship Programme 2024

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Eskom: Graduate In Training Internships 2024

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Eskom: Graduate In Training Internships 2024

Eskom invites South African unemployed graduates to apply for Graduate-In-Training Internship Programme 2024.

Internship Location: Western Cape, South Africa

Internship Closing Date: 12 January 2024

Business Integration & Performance Management (BIPM)

Minimum Requirements
•B Degree in Industrial Engineering/Data Science/ Commerce/Information Technology/Information Management/ Engineering

Skills and Competencies
Good communication skills
• Have the ability to understand technical concept
• Be safety conscious
• Have conscientious and self-discipline approach
• Be responsible and committed
• Have emotional resilience
• Have the ability to perform physical work
• Positive attitude
• Be able to work as part of a team

Property Management

Minimum Requirements
•B Degree in Property Management/Real Estate/Electrical/Mechanical

Skills and Competencies
Good communication skills
• Have the ability to understand technical concept
• Be safety conscious
• Have conscientious and self-discipline approach
• Be responsible and committed
• Have emotional resilience
• Have the ability to perform physical work
• Positive attitude
• Be able to work as part of a team

How to apply

Clcik here to apply for Business Integration & Performance Management (BIPM) Internships

Click here to apply for Property Management Internships

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iStore: Business Graduates Internships 2024

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iStore: Business Graduates Internships 2024

iStore invites unemployed graduates to apply for Business Graduates Internship Programme 2024.

Internship Location: SandtonGauteng, South Africa

Internship Closing Date: Not specified

Join the iStore Graduate Entrepreneurial Program 

Are you a talented, ambitious, and innovative individual with a passion for technology and entrepreneurship? iStore is on the lookout for dynamic individuals like you to become part of our fast-growing company! Whether you have prior work experience or not, we welcome you to embark on an exciting journey with us.

About iStore:

At iStore, we are constantly seeking “What’s Next” – the next big idea, the next challenge, and the next opportunity to disrupt the norm. We are committed to making not only iStore but also the world a better place through innovation. As part of our Graduate Programme, you will have the chance to work on cutting-edge projects and contribute to shaping the future.

Why Choose iStore:

  • Leadership and Mentorship: Join our diverse teams and benefit from the guidance of experienced leaders who will help you navigate the multifaceted challenges and opportunities unique to iStore and other tech brands.
  • Hands-On Learning: No prior experience in our respective sectors is required. We believe in learning by doing, and you will receive on-the-job training to equip you with the skills needed to excel.

About Us:

Working at iStore’s head office (Core Group) is more than just a job; it’s a chance to build a career where your aspirations matter. Your voice will be heard, your ideas celebrated, and your potential nurtured. By joining us, you become an integral part of our progressive organization, shaping the future of some of the world’s most iconic brands.

Why Join Us:

  • Endless Possibilities: Experience the vast possibilities that only one of the best consumer electronics leaders can offer. Every project, brand, and initiative you work on will have a positive impact.

About You:

  • Educational Qualifications: A tertiary or postgraduate qualification would be advantageous.
  • South African Citizen: We welcome applications from South African citizens.
  • 1-2 Years of Experience: While experience is beneficial, it is not a requirement. We value your potential and your willingness to learn and grow with us.

If you’re ready to unleash your entrepreneurial spirit, drive innovation, and shape the future of technology, we encourage you to apply for the iStore Graduate Entrepreneurial Program today!

How to apply

Click here to apply online

iStore invites unemployed graduates to apply for Business Graduates Internship Programme 2024.

Internship Location: SandtonGauteng, South Africa

Internship Closing Date: Not specified

Join the iStore Graduate Entrepreneurial Program 

Are you a talented, ambitious, and innovative individual with a passion for technology and entrepreneurship? iStore is on the lookout for dynamic individuals like you to become part of our fast-growing company! Whether you have prior work experience or not, we welcome you to embark on an exciting journey with us.

About iStore:

At iStore, we are constantly seeking “What’s Next” – the next big idea, the next challenge, and the next opportunity to disrupt the norm. We are committed to making not only iStore but also the world a better place through innovation. As part of our Graduate Programme, you will have the chance to work on cutting-edge projects and contribute to shaping the future.

Why Choose iStore:

  • Leadership and Mentorship: Join our diverse teams and benefit from the guidance of experienced leaders who will help you navigate the multifaceted challenges and opportunities unique to iStore and other tech brands.
  • Hands-On Learning: No prior experience in our respective sectors is required. We believe in learning by doing, and you will receive on-the-job training to equip you with the skills needed to excel.

About Us:

Working at iStore’s head office (Core Group) is more than just a job; it’s a chance to build a career where your aspirations matter. Your voice will be heard, your ideas celebrated, and your potential nurtured. By joining us, you become an integral part of our progressive organization, shaping the future of some of the world’s most iconic brands.

Why Join Us:

  • Endless Possibilities: Experience the vast possibilities that only one of the best consumer electronics leaders can offer. Every project, brand, and initiative you work on will have a positive impact.

About You:

  • Educational Qualifications: A tertiary or postgraduate qualification would be advantageous.
  • South African Citizen: We welcome applications from South African citizens.
  • 1-2 Years of Experience: While experience is beneficial, it is not a requirement. We value your potential and your willingness to learn and grow with us.

If you’re ready to unleash your entrepreneurial spirit, drive innovation, and shape the future of technology, we encourage you to apply for the iStore Graduate Entrepreneurial Program today!

How to apply

Click here to apply online

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