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Provisional Tax



Good day

I am 53 years old and retired. I currently received income from 2 pension funds (only source of income). Must I register for provisional tax.

TaxTim Marc TaxTim Marc said:
26 February 2014 at 23:07

What is the total amount received?

Willem said:
27 February 2014 at 10:31

Geod morning The one amount is R7560 after tax deductions and the other one is R11050.00 after tax deductions

TaxTim Marc TaxTim Marc said:
27 February 2014 at 14:18

If you earn more than R20 000 in taxable income (after deductions) per annum and are under 65 then you need to register as a provisional taxpayer.

TaxTim Marc TaxTim Marc said:
27 February 2014 at 18:27

Unfortunately then you would need to register as a provisional taxpayer.

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