When should you be
paying Personal Tax?
If you earn more than
the following:
R123 350 provide your 75
years of age or older.
65 years and older your
threshold becomes R110 200
Under 65 years of age
the threshold becomes R70 700
These figures are based of
the 2015 assessment year (1st of March 2014 until 28th of
February 2015)
If your total salary for
the year before tax is under R350 000 you do not need to file provided you meet
these criteria to follow.
You have submitted no
tax related deductions for example travel or medical expenses.
You were a nonresident during
the year of assessment and dividends where paid to you .
Or you received interest
from a South African based source not more than/exceeding R23 800 if younger than
65 or R34 500 if older than 65.
All this can be very
confusing and time consuming why not contact us to help aid you in this process
we are more than happy to help.
No comments:
Post a Comment