Main changes for the upcoming Personal Income Tax (PIT) Filing Season 2023

Written by Maya Nikolova on 06 July 2023. Posted in Tax Filing Season 2023

Aligning the 40 Business Days Rule	The 40 business days for revising auto-assessments now align with the filing due date for non-provisional taxpayers (23 October 2023).
Payment Due Dates	Non-provisional eFilers have a payment due date of 30 days after receiving a notice of assessment. Auto-assessed taxpayers have the same deadline, which is 30 days post Filing Season 2023 closing date.
Statement of Assets and Liabilities	Provisional taxpayers with business interests must declare assets and liabilities based on cost. Assets above R50 million require market value.
Foreign Income Disclosure	New fields for declaring income received from foreign employment services, subject to tax outside RSA, and exemptions for worldwide foreign income.
Spouses Married in Community of Property Assessment	Taxpayers married in community of property are taxed on half of their interest, dividends, rental income, and capital gains.
Section 93 Reduced Assessment	Automated process for requesting Reduced Assessment under section 93 of the Tax Administration Act using the RRA01 form on eFiling.