Who must submit an income tax return? As from this year, any taxpayer whose gross income for the year is over R250 000 needs to submit a tax return. Any taxpayer whose gross income for the year is below R250 000 is not required to file a tax return, if they meet the following criteria: • They only earn one salary from one employer (i.e. they only have one IRP5). • They do not have any other form of income (e.g. interest or rental income). • They do not need to claim tax for deductions (such as medical expenses or retirement annuities). • They do not have any travel expenses, or reimbursements for business expenses, to declare. Contact us for more information: [email protected] 071 382 6720 (Office)
Posted on: Thu, 25 Jul 2013 15:12:35 +0000
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