Written by Evan
Updated 1 April 2025
Filing your tax return conveniently online requires a working SARS eFiling profile (even if you are using TaxTim). A prerequisite for this is that SARS has your latest correct banking details stored in the SARS eFiling system.
To check your SARS maintained banking details:
1. Login to SARS eFiling - click here to login
...
Written by Evan
Updated 31 March 2025
Wear and Tear or Depreciation is the decrease in value of an asset. SARS allows you to deduct this decrease each year, which you can then use towards replacing those assets if you wish. Different types of asset have different write-off periods.
For example, if you use your laptop for work and it cost R12,000 in the 2023 tax year, you can depreciate the laptop by R4,000 each year, for 3 years total, until 2025 and claim the R4,000 as a deduction, therefore paying less tax! Note, however that SARS will probably ask for a letter from your employer confirming that this was allowed....
Written by Nicci
Updated 27 March 2025
As most of us know by now, cryptocurrency is not real but virtual money.
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Written by Alicia
Posted 27 March 2025
If you're a provisional taxpayer, you can request a statement of your provisional account on eFiling. However, instead of finding it on your Income Tax workpage, you first need to go to the Provisional Tax workpage. This can be tricky if you don't use eFiling often, so we've listed the steps below to help you.
STEP 1: Log into SARS eFiling
Written by Nicci
Updated 14 March 2025
Training and development for employees plays a vital role in the growth and success of your business. But, finding affordable and correct tools might be where the concerns start creeping in. Suddenly you’re left thinking… “They’ll learn on the job. Resources are limited.”
Fortunately, you’d be pleased to know that the learnership allowance is intended to be an incentive for employers to encourage skills development within their workforce, with the hope to create jobs and economic growth....
Written by Nicci
Updated 12 March 2025
Have you recently received a present or a donation from a wealthy family member or a friend? Or, maybe you've just donated money to support a child in need?
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Written by Patrick
Updated 12 March 2025
Written by Patrick
Updated 12 March 2025
Written by Patrick
Updated 12 March 2025
Written by Patrick
Updated 12 March 2025
Written by Vee
Updated 12 March 2025
Have you been the lucky recipient of a gift or donation from a generous family member or friend? Perhaps they struck it lucky on the Lotto and decided to share their winnings with you!
Or maybe you're the giving type and have donated cash, shares or even property to someone you felt deserved a little boost.
Irrespective of whether you're the giver or receiver of a donation or gift, it's good to understand donations from a tax perspective, and how to declare these to SARS.
Ready to find out?
Let's get started.
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Written by Evan
Updated 12 March 2025
The medical tax credit, brought in from the 2013 tax year provides for a monthly credit against your tax owing to SARS. If you and/or your dependents belong to a medical aid then you will receive in 2026, a R364 (R364 in 2025) medical tax credit per month for the first two members and a further R246 in 2026 (R246 in 2025) per month for every other member or dependent on the same policy. The credit will be deducted automatically from your tax payable. This is different from the previous ...
Written by Patrick
Updated 12 March 2025
Receive a gift or donation from a generous family member or friend recently? Or, maybe you've just donated money, shares or even a house to someone you felt deserved it? Either way, if you’re the giver or receiver of a donation or gift, you should know that SARS needs to be notified of these donations, plus you should understand how to declare them from a tax perspective. Let's find out more....
Written by Patrick
Updated 12 March 2025
Written by Patrick
Updated 12 March 2025
2026 tax year (1 March 2025 - 28 Feb 2026) same as 2025 tax year, no changes.
2025 tax year (1 March 2024 - 28 Feb 2025) same as 2024 tax year, no changes.
Written by Patrick
Updated 11 March 2025
Written by Nicci
Posted 20 February 2025
I worked for an international company (UK based) during the 2024 tax year. I was a contracted employee, meaning I had to submit salary invoices. Therefore, I was advised to register as a provisional tax payer and submitted an IRP6. I worked 100% from home during this time and would like to claim a home office deduction, which was already taken into account during my IRP6 submission (audited by SARS and accepted). However, when submitting my home office deduction on Tax Tim for my IRT12, it says ...
Written by Nicci
Posted 20 February 2025
Written by Nicci
Posted 14 February 2025
Saving for retirement is one of the best financial decisions you can make, but sometimes, you may contribute more than the tax-deductible limit in a tax year. In South Africa, the tax-deductible limit for retirement contributions is 27.5% of taxable income, capped at R350,000 per year. If you contribute more than this limit, the excess amount does not provide an immediate tax benefit. However, it is not lost. Instead, these 'excess contributions' are carried forward to be used in the future, ...
Written by Nicci
Updated 13 February 2025
TaxTim has TWO exciting competitions in 2025!
Win R10,000 in cash by filing your tax return with TaxTim
How to enter:
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Written by Nicci
Updated 1 February 2025
Seasoned provisional taxpayers – those people who earn income from sources other than, or in addition to a regular ol' salary or traditional payment from an employer - are all too familiar with the process of estimating taxable income and submitting provisional tax returns. Not once - but twice a year!
Yes, it's a bit painful (although TaxTim makes it super easy) but entirely necessary if you don't want to be lumped with penalties from SARS...
Written by Nicci
Updated 23 January 2025
Step 1:
Log into your SARS eFiling pofile.
Step 2:
Navigate to your Tax Return which was auto-assessed.
You can do this by clicking "Returns" (top menu), then "Returns History" (side menu), then "Personal Income Tax ITR12" , then select the the relevant ITR12.
You will see the
Written by Evan
Posted 14 January 2025
Written by Evan
Posted 14 January 2025
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Written by Evan
Posted 14 January 2025
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