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Do I qualify for income tax in the new law.

Posted 2 August 2015 under Tax Q&A


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Barbie says:
1 August 2015 at 19:16

I have a small business renting apartments and my annual income is R 300 000 before expenses. I want to find out if I qualify for income tax with the new tax law.

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

TaxTim TaxTim says:
2 August 2015 at 14:19

There is no new law regarding submission of tax returns. The R350 000 threshold applies to submission of returns only when you earn from one employer with no additional income or deductions. The threshold for paying tax is still R73 650 for the new tax year which means you will have to file returns and pay tax unfortunately.


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help you
submit your
Tax returns!


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!

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