Provident Fund deductions unfortunately are not tax deductible for the 2015 year and so would not have reduced your tax payment. I see you earn commission, did you have a tax directive?
Adriaansays: 31 July 2015 at 16:41
No I don't have a tax directive,
So even though on my ITA34 it shows R0.00 amount assesed by the Provident Fund, it won't change anything?
Sorry if I sound dumb. But im new to tax
TaxTimsays: 31 July 2015 at 20:38
Unfortunately not, provident fund deductions will only become tax deductible for all years after 1 March 2016 which will then lead to a possible refund. Only deductions to pension funds and retirement annuity fund are deductible.
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