I've just started my first job as a finance intern and I earn R120 000 p/a. I do not have medical aid, I only have a pension fund, UIF and a union levy. I want to know if I should also register for SARS eFilling to submit my tax return. When does one have to submit a tax return?
We always advise to submit a tax return so you are always compliant with SARS and don't run the risk of penalties in the future. If you started your job in March / after March, then your first tax return will be due the following year in July. This is because the tax year runs from March in one year until Feb in the following year, and tax returns for that tax year are due from July.