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Who needs to submit a completed and signed income tax return to SARS

Although a taxpayer still has to register for income tax he/she may choose not to submit a return for the year of assessment if the following conditions are met:

  • Where the gross income consists solely of remuneration and:
    • It does not exceed R250 000
    • Is paid or payable form one single source (e.g. one employer)
    • Is for a full year of assessment (i.e. all 12 months)
    • No car allowance, the right of use of a company car fringe benefit or any other form of income (e.g. interest or rental income) was received and
    • Employees’ Tax (i.e. PAYE) has been deducted or withheld.
  • Where the gross income consists solely of interest income from a source in the Republic and it:
    • Does not exceed R23 800 for persons younger than 65 years or R34 500 for persons 65 years and older.
  • The individual is a non-resident and the dividends received from a source outside the Republic.

Contact us and we will help you to determine if you qualify for the exemption