19 August 2015 at 6:22
I earn a salary of R5500 per month, I am under 65 years and receive interest and dividends of R25000 per year. What forms must I complete for my tax return? Must I pay provisional tax?
This entry was posted in Tax Q&A and tagged Salary / IRP5, Provisional Tax, Rental Income, Retirement, Dividends, Penalties, Tax Threshold. Bookmark the permalink.
19 August 2015 at 12:05
You do not need to pay provisional tax as you earn taxable income from interest and dividends which are less than R30,000 per year.
Your salary is below the tax threshold so you shouldn't be paying tax and you do not need to complete a Tax Return.