SARS pay day: 5.8 million auto-assessed, R10.6 billion paid out in refunds

The South African Revenue Service (SARS) says it has issued auto assessments to 5.8 million taxpayers this year and paid out around R10.6 billion in refunds, most of which were processed within 72 hours.

According to the revenue service, this is up from 5 million in 2024.

The tax season officially began on July 7, with the auto-assessment period running until July 20. From 21 July, the filing period opens for taxpayers who were not auto-assessed or who wish to update their returns.

By Mthobisi Nozulela

Full story at IOL.