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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.

We appreciate you as our client or follower on any of our social media platforms.It's an honour to be of service to you.

Yours in Tax,

Jasper Basson
Dryk Holdings (Pty) Ltd

Member of Institute of Accounting & Commerce.
Member of South African Institute of Tax Practitioners.
Practice AO 652 993.

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