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Did you know?

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Our Tax service offerings vary from individuals to large companies, including alternatives such as provisional tax and capital gains tax (CGT).

Managing your taxes shouldn’t be a nightmare and a dreaded event of the year. Rather check out the different sections below about some specifically mentioned services or Contact us today to assist and manage it for you

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Individual Tax Returns

Individuals are liable to register as a taxpayer when:

  • An individual younger than the age of 65 earns more than R 67 111 in the 2014 year of assessment, and R 70 700 for 2015.
  • An individual aged between 65 — 74 years who earns more than R 104 611 in the 2013 year of assessment, and R 110 200 for 2015.
  • An individual of 75 years and older who earns more than R 117 111 in the 2013 year of assessment, and R 123 350 for 2015.

Registration Documents Required

  • A SARS IT77 Registration form should be completed to register as a taxpayer if you are liable to pay tax as set out in the criteria above.
  • Original letter of your Bank account with a Bank Stamp
  • Certified copy of Identity Document (ID)
  • Certified copy of Municipal Account for address verification, alternatively a SARS CRA01 Completed document
  • Visit your nearest SARS Branch Office after completing the IT77 Registration form accompanied with a certified copy of your ID document.

After registration you will be issued with your tax number.

Once you have your tax number, you can Register as an e-filer.

Form Links:

SARS IT77 Form – Application for Registration as a Taxpayer or Changing of Registered Particulars Individual – External (Form)

Who must complete and submit a return?

All taxpayers earning remuneration in excess of R 250 000 per annum

Who can skip their current return?

  • Only individuals (Provisional and non-provisional taxpayers) qualify for this exclusion.
  • All taxpayers earning remuneration less than R 250 000 per annum (2015)
  • All taxpayers earning remuneration less than R 350 000 per annum (2016)
  • Income received was only from 1 (one) employer
  • No additional Income was received for the year of assessment (eg: rental income)
  • No Vehicle fringe benefits was received (Travel Allowance / Right of use of a company vehicle)
  • No other deductions will be claimed on the return (Medical expenses, travel, retirement annuities)

What is needed to complete the ITR12?

  • If your employer did not submit the information to SARS in order for your return to be prepopulated the IRP5
  • Details of your banking particulars
  • An IT3(b) certificate in respect of investment income
  • Information regarding whether you as individual are married in community of property or out of community of property
  • Whether you are a director of a company or a member of a close corporation
  • Whether any asset were disposed of during the year which attracts a capital gain or loss
  • Information regarding learnership agreements
  • Information regarding subsistence allowances
  • Any assets used by yourself for business purposes which attracts a depreciation deduction allowed
  • Home office expenses if your business is carried out from home
  • Pension fund certificates for pension contributions
  • A retirement annuity certificate for income tax purposes
  • Your medical aid certificate for income tax purposes and a list of proven medical expenses qualified for deductible purposes
  • Income protection policy information
  • Information regarding travel claims against a travel allowance received:
    • A logbook indicating:
      • Date of travel
      • Destination to and from
      • Kilometers traveled
      • Reason for travel
    • The cost price or cash value of your vehicle
    • Vehicle registration number
    • Start and end dates of usage of your motor vehicle
    • Opening and closing kilometer readings (odometer reading)
    • Business kilometers traveled
    • Private kilometers traveled
  • Travel claims against a travel allowance:
    • Fuel and oil expenditure
    • Maintenance and repairs
    • Insurance and licence fees
  • Commission income deductible expenses:
    • Pension contributions
    • Retirement annuity contributions
    • Legal expenses
    • Wear and tear allowances
    • Insurance policies
    • Home Office expenses
  • Fringe benefits received (example motor vehicle provided by company)
  • Information with regards to donations made to public benefit organisations (section 18 A certificate)

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Managing your taxes shouldn’t be a nightmare and a dreaded event of the year. Rather Contact us to assist and manage it for you.

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