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Tax Return - when I must I submit?

Posted 14 July 2013 under Tax Questions



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I'm getting confused with regard of submiting tax return. If you earn more then R63556 you to submit your return and on the other side if your remuneration is R250000 you may not subtmit a income tax return. Can you clarify that for me please?

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TaxTimTaxTim says:
15 July 2013 at 13:01

The R63 556 is the taxable threshold. In other words, if you earn more than this amount then you would need to pay tax. The R250 000 is the amount that if you earn from one employer only and have no other deductions such as medical aid or RA contributions or any other income at all such as interest or capital gains then you would not need to submit a return.

I hope that clarifies?


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