Step 1: You must register for income tax If you earn a taxable income which is above the tax threshold see above , you must register as a taxpayer with SARS. Step 2: You must submit a return If you are registered for income tax, you will be required to submit an annual income tax return to SARS based on the Gazette. When should it be submitted?
If you have not received an SMS, you can also file immediately and do not have to wait until 1 September. How should it be submitted? We have a page where we explain to you in detail how to register for eFiling. Once registered, you can complete the online form to create your return. Completion of this part will automatically tailor the tax return to your specific tax requirements. To find your nearest branch visit our branch locator.
Top Tip : When completing your return, you will require the following documentation in order to verify the existing, pre-populated information that appears in the return, as well as to complete any remaining portions:. To claim donations made by the donor in a personal capacity, the following questions must be answered on the return wizard: Do you want to claim donations made to an approved organization s in terms of s18A? How many organizations did you donate to?
Which container is applicable for donations made to S18A-approved institutions, other than the Solidarity Fund? Select source code only relates to donations made to the Solidarity Fund during the period April and September Which documents are required to support my S18A claim? A valid section 18A certificate provided by a S18A-approved organization. If the donation was made through your employer, the IRP5 certificate issued by your employer will suffice.
Where will I see the donations made through my employer on my return? You are not required to capture this amount on your ITR12 return in order to claim a deduction. For any donations made to the fund through your employer during 1 — 30 March and 1 October to 28 February , the amount donated will be reflected under the source code of the IRP5 certificate issued by your employer.
Please ensure to capture the amount reflected under code on your IRP5 certificate under code on your ITR12 return. Frequently Asked Questions. If your earnings for a given tax year are above Read More.
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It is mandatory to procure user consent prior to running these cookies on your website. Meet the Team. Yemen Zambia Zimbabwe. Enquiry Form. Check here if you would like to receive our newsletters. To reduce the compliance costs for very small companies, a turnover-based presumptive tax is available. Dividends are tax exempt if the beneficial owner of the dividend is an SA-resident company, SA-retirement fund, or other prescribed exempt person.
In the case of in specie dividends i. Exemptions from dividends tax and treaty-imposed reduced rates only apply if the beneficial owner of the dividend has made a prescribed declaration and undertaking to the paying company or regulated intermediary.
Special rates of normal tax, based on a standard formula, are prescribed for companies mining for gold. Each fund is then allocated assets according to the risk carried by the fund. Each of the five funds is treated as a separate taxpayer and taxed at the rate applicable to that type of fund.
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