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Started late in the year - when do I file and will I receive a refund?

Posted 21 November 2014 under Tax Questions



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I started working at a company in August of this year (2014).My gross annual salary is R360,000/year.Since I am paying taxes based on a full 12-month cycle but would only have worked 7 months by End of March 2015, when do I need to file my first tax return and would I be eligible for a refund?Many thanks,Gideon

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TaxTimTaxTim says:
21 November 2014 at 11:45

You would only file on 1 July for the 2015 tax season and yes you would be eligible for a refund due to only working part of the year.


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