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Jana says: 9 July 2015 at 19:04 Last year I was retrenched, took the package, and was told that the severance piece was tax free, as it was way below the R500k, just under R40k, got a directive. Now looking to do my tax return, the amount shows under income (source code: 3901) adding it to my income, however as I was not taxed on it when it was paid, it appears to SARS that I didn't pay the tax then. So now it looks like SARS is asking me for the tax on that amount, as my prelim calculations is saying I must pay in close on R4000? Am I missing something? Must I take it off or add an amount to 4115? |
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TaxTim says: 10 July 2015 at 8:22 Is there not a directive number on the IRP5 in the bottom right hand corner? |
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