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Do I have to submit income tax forms if I have been retrenched in November 2012?

Posted 2 July 2013 under Tax Q&A


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I have been retrenched in November 2012 and sill have not found a job. All my debit orders until now have been paid with the money I received from my retrenchment package. These include Retirement Annuity Funds. I currently receive UIF payment into my bank account. I have paid tax when I was employed all these years. Do I still have to submit income tax forms and if I should, is the chance there that I will owe money to SARS? I have not received an IRP5 form when I left the company.

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TaxTim TaxTim says:
2 July 2013 at 23:32

Chances are you will actually receive a refund because you only worked part of the year. You still need to submit an ITR12 for the period that you did work. Your employer has a duty to give you an IRP5 and your must request this from them.


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