FAQ Blog Calculators Students Logbook Contact
Do your Tax with TaxTim and WIN R10,000  More info   T&C's apply


Do I need to file a tax return with R260 000

Posted 24 February 2017

Taz says:
23 February 2017 at 22:25

I am unemployed but earn interest income ( approximately R260 000 annually)from fixed term deposits
I am under 65 and contribute to medical aid and retirement annuity
Do I need to file a tax return

TaxTim TaxTim says:
24 February 2017 at 9:49

Yes, since you earn above the tax threshold (R75,000 for 2017 tax year) you should file a tax return.
You should also be registered as a Provisional Taxpayer and pay tax twice a year on your investment income.

PleaseRegister for TaxTim and let us assist you with your provisional return and tax return filings.

This entry was posted in Tax Q&A and tagged , , , , , , . Bookmark the permalink.




Do your Tax Return in 20 minutes or less!

TaxTim will help you:

 Do Your Tax Return Easily
 Avoid penalties
 Maximise your refund
Tim uses your answers to complete your income tax return instantly and professionally, with everything filled in in the right place.

Let Tim submit your tax return direct to SARS in just a few clicks!

Get started

Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →

Get SARS Tax Deadlines in your Inbox
We'll tell you when you need to file, along with tax tips and updates.