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I completed my degree at the end of 2012 and started interning for an advertising company from Nov 2013 till the end of Feb 2013.
Now they will be employing me on a 6month contract between April and September and I will be getting between R5000 or R5600, contract details have not been discussed yet. But would I have to register as a tax payer if I get the R5000 as I woud be earning less than R5300 or would the fact that it is in the middle of the tax year exempt me from this? How do I go about finding out about SARS things as their website is confusing, I know nothing about these legal things and I'm scared to get caught up like Wesley Snipes... :(
Please may you provide me with ANY information that would be most relevant to a newly employed person.
The simplest way to determine if you are going to pay tax is if your annual income is greater than R63 556 for the tax year ending 28 February 2013. This figure will likely go up for the 2014 tax year which is good news.
Your new employer most likely will multiply the R5 300 x 12 = R63 600 which is just over the tax threshold, so you may want to earn R5 250 per month in which case you won;t need to pay any tax. It is always good to register as a taxpayer as this gives you a tax number whenever it may be required.