How can we help strengthen your business?

How can we help strengthen your business?

Individual Tax Filing 2023; Here’s What You Need to Know To Get the 2023 Tax Season Right

Share this insight...

Insight by:

The Individual Tax Season 2023 is here!

We want to ensure you are well-informed and have the support you need. At Kettle, we are primed and ready to guide you through the filing process, making it as seamless as possible.

Key dates for the 2023 Filing Season important dates to be aware of:

Non-provisional individual taxpayers: 7th July 2023, 20:00 to 23rd October 2023

Provisional taxpayers: 7th July 2023, 20:00 to 24th January 2024

There are some noteworthy changes for this year’s Personal Income Tax (PIT) Filing Season:

40 Business Days Rule Alignment: This rule, introduced last year, previously gave auto-assessment taxpayers 40 business days from the auto-assessment issue date to amend their return if necessary.

This year, the 40 business days period has been extended to align with the normal filing due date for non-provisional taxpayers, the 23rd of October 2023. This provides additional time for those needing to amend their auto-assessments.

Payment Due Dates Adjustments: For taxpayers not in the auto-assessment group, the payment due date will be 30 days after the notice of assessment has been issued. For auto-assessed taxpayers, the payment due date will be 30 days post the Filing Season 2023 closing date.

Statement of Assets and Liabilities: Provisional taxpayers with business interests must declare their assets and liabilities (based on cost) in their tax returns each year. Those with assets above R50 million are required to declare specified assets at market values on their 2023 tax returns.

We understand that the tax season can be a stressful time, and that’s why we’re here to assist. Engage with us now to ensure a smooth tax filing experience.

To get professional and efficient help with your tax filing, reach out to one of our Tax Professionals via email at info@kettleconsulting.co.za or call 011 025 1446 (Johannesburg) and 021 003 8000 (Cape Town).

Insight by:

Linda Mahabeer

Senior Bookkeeper

Kettle Consulting (PTY) Ltd

Complete the form below to reach our Management Consultants.

The Individual Tax Season 2023 is here! We want to ensure you are well-informed and have the support you need. At Kettle, we are primed and ready to guide you through the filing process, making it as seamless as possible.

Add Your Heading Text Here