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Need to file a tax return?
July 02, 2018
The SARS efiling season for 2018 commenced on 1 July 2018.
We received various clients requesting whether they need to submit an income tax return.
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Below a few pointers to assist you with this question.
- Your total gross salary is less than R 350,000, from ONE employer. The moment you receive a salary/income from more than one employer, you need to submit an income tax return.
- If you receive a travel allowance, you must submit an income tax return.
- If you receive any rental income, business-related income, interest above the threshold or capital gains for the period, you need to submit an income tax return.
- Please note, that even though you don’t need to submit an income tax return, you may still submit one to claim deductions in the form of medical expenses and a retirement annuity.
How can we assist you?
Contact us for your monthly accounting and tax needs.
I have been in the industry for almost two decades and would love to assist you with your start-up or running business needs.
Feel free to send comments and/or questions to my inbox.
Feel free to contact us with your accounting, income tax or company start-up needs.
Yours in Tax,
Member of Institute of Accounting & Commerce.
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