TaxTim provides expert assistance at every step of the way - we'll make sure you include all the right information for every deduction, resulting in your maximum possible tax refund. With our helpdesk available to help any time, we make tax as easy as 1,2,3!
Save on expensive tax practitioner fees with professional tax assistance from just R249. TaxTim helps you step-by-step to complete your tax returns quickly, easily and correctly in under 20 minutes!
Skip the queues! You can do your own tax return easily and conveniently online, and get finished with tax in 20 minutes or less. TaxTim contains the knowledge of professional tax practitioners and will guide you step-by-step. It's easier than you think :)
As of July 2013 SARS declared it illegal for anyone other than a registered tax practitioner to assist people with doing their tax returns. Unless the person you know is a tax practitioner, them doing your tax return can lead to trouble for both of you.
This year try TaxTim - our service offers the knowledge and expertise of a trained tax professional, with an easy-to-use friendly interface.
You've come to the right place! TaxTim has made tax easy for over 4.4 million South Africans to date. Our service asks simple questions one-by-one, then fills in your tax return for you. We skip all the complicated stuff and allow you to do your own tax return quickly, easily and with confidence!
Calculate Wear and Tear / Depreciation using Interpretation Note 47
Wear and Tear or Depreciation is the decrease in value of an asset. SARS allows you to deduct this decrease each year based on the tables below, which you can then use towards replacing those assets if you wish.
For example, if you use your laptop for work and it cost R12,000 in the 2017 tax year, you can depreciate the laptop by R4,000 each year until 2019 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 is allowed).
Note: If you have received a travel allowance or employer-provided vehicle you cannot use this calculator to determine your depreciation. This will be taken into account automatically when you complete the Travel Allowance or Employer-Provided Vehicle section of your tax return.
Assets purchased which cost less than R7,000 can be written off in full during the tax year they were paid for.
Use the calculator below to calculate your depreciation:
NOTE: SARS may ask you for proof / documents describing the below
Base cost of the asset (in Rands): R Date you got it: Month Year Tax year: Usage split: Business % Personal % NOTE: SARS might ask how you justify this split Type of asset:
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