Pay income tax
By Marc Sevitz · Updated
I pay tax from my salary, that's what it says on my payslip, do I further need to pay income tax this year if I only started worked under 6 months and earned R58330 as a whole (without deductions)?
If you earn over the current tax threshold of R73,650 for the period 1 March 2015-28 February 2016 then tax should be payable by you.
Please clarify for which period you have earned the R58,330? That amount alone in a tax year is under the tax threshold and would not attract tax.
Please clarify for which period you have earned the R58,330? That amount alone in a tax year is under the tax threshold and would not attract tax.
I have started earning from July 2015.
Thank you for your response. so that would mean next year I would need to submit since by then I would be above the threshold.
Thank you for your response. so that would mean next year I would need to submit since by then I would be above the threshold.
If you are paying tax you should submit a Tax Return for the 2016 year of assessment (1 March 2015-28 Feb 2016).
Please read our blog on Reasons you need to file your tax return
Please Register for TaxTim and let us assist you to complete and submit your Tax Return.
Please read our blog on Reasons you need to file your tax return
Please Register for TaxTim and let us assist you to complete and submit your Tax Return.
I only started with the company in July 2015 and do not have an IRP5, so how do I submit without it?
You only need to submit a Tax Return next year (from 1 July 2016) for the 2016 year of assessment. Your company will issue you with an IRP5 for the time you worked from July 2015 - Feb 2016.