Why tax should be done?

Posted 23 June 2015 under Tax Q&A
Lizanda says:
21 May 2015 at 18:50

I've just started my first official Job last month. What do I need to do to prep for my next tax return. How does it work and what is the benefits? Im CLUELESS

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TaxTim TaxTim says:
22 May 2015 at 9:46

Having started a job recently, the first time you will need to do a tax return is 1 July 2016 only.

Lizanda says:
22 May 2015 at 10:22

Perfect, What do I need to do in terms of prepping for this. Do I need to keep any slips, expenses etc?

TaxTim TaxTim says:
22 May 2015 at 10:29

If you are a salaried individual then you will receive an IRP5 from your employer next year which you will use to file your return. Keep your medical slips as well as all your contribution certificates you will receive from the banks and any funds you have like pension or retirement which you then can use on your return. Register for TaxTim to receive updates and important tax information.

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