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Tax benefits when not earning income the entire taxyear

Posted 2 December 2015 under Tax Questions



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Darling says:
1 December 2015 at 17:27

Hi I am born in SA and moved abroad 25 years ago. I will be living and working in SA for the next 2 years. My start date is flexible. I believe the income tax year is from March 1st. 1. Are there any tax benefits if I work a part of the first year ( so not the entire tax year?). 2. Are there any tax benefits if I work a part of the last year ( so not the entire tax year?).

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TaxTimTaxTim says:
1 December 2015 at 22:10

The tax payable will reman the same regardless of when you start your employment.


TaxTimTaxTim says:
1 December 2015 at 22:12

Your ultimate tax liability will be apportioned for the months you worked and therefore there is no tax benefit derived from starting earlier or later.


Darling says:
2 December 2015 at 11:38

Thanks


TaxTimTaxTim says:
2 December 2015 at 17:00

Only a pleasure!


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