Provisional Tax
By Marc Sevitz · Updated
I am 53 years old and retired. I currently received income from 2 pension funds (only source of income). Must I register for provisional tax.
What is the total amount received?
Geod morning The one amount is R7560 after tax deductions and the other one is R11050.00 after tax deductions
If you earn more than R20 000 in taxable income (after deductions) per annum and are under 65 then you need to register as a provisional taxpayer.
Unfortunately then you would need to register as a provisional taxpayer.