If you haven’t already done so, then you need to diarise these dates for personal tax filing in South Africa:
Once you’ve diarised the dates set aside some time to go through the SARS eFiling process videos or tutorials - view here to decide if you feel confident to file your personal tax, and if not make sure to give the Venaccuracc accounting experts a call here well in advance so that we can help you have a stress free personal tax season this year.
You would only need to file a tax return if you received taxable income over the tax threshold. The tax threshold amounts for 2021 are:
If you are unsure whether you should be filing a tax return, give the Venaccurac team a call here and we will assist you.
SARS is continuing to roll out auto-assessments for personal tax. If you have been notified that you are eligible for an auto-assessment and your gross income exceptions, deductions and rebates are reflecting correctly you can accept the auto assessment. For more information visit the SARS website here.
Another reason you may not be selected to complete an auto-assessment for your personal tax return is if your gross earnings are below a certain threshold. This may be because your income consists of the following categories of income:
Make sure you get in touch with the Venaccurac team of experts to help you ascertain your personal tax situation by getting in touch with us here.
As a South African tax resident, if you have earned over the tax threshold, you will need to file a tax return even if you changed jobs part-way through the year or have more than one employer.
If you are unsure whether you should be filing a tax return, get in touch with the Venaccuracc team here today.
There are some situations, as a South African tax resident, where you may be required to submit a tax return whether your taxable income was exceeded or was less than the tax threshold. These may include:
For a great deal more technical detail visit the SARS website here or if you are finding the “ifs” and “buts” difficult to decipher then the Venaccuracc team is here to help you get the right documentation in at the right time.
View our website here.