Tax Season 2026 The wait is over! SARS has officially announced the filing dates for the 2026 Tax Season. Auto-Assessments: 1 July – 12 July 2026 Auto-
Read moreLearn how Section 18A donations work in South Africa, valid certificates, the 10% deduction limit, IT3(d) reporting, employer donations and how to claim it.
Read moreWhen you retire, you’ll have a few options for how to access your retirement savings. You can take up to one-third of the total amount as a cash lump sum
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Have you recently received a present or a donation from a wealthy family member or a friend? Or, maybe you've just donated money to support a child in need? (en
Read moreHave you been the lucky recipient of a gift or donation from a generous family member or friend? Perhaps they struck it lucky on the Lotto and decided to share
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These tips are part of TaxTim's personalised recommendation tool called the Tax Health Score.(endpreview) Once you file your tax return with TaxTim, we analyse
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SARS has recently issued a new guide with regards to updating your banking details with them. This was done in order to reduce the risk of refunds being paid in
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Exempt or non-taxable income refers to certain types of income, which is not subject to income tax. (endpreview) There is a section in the tax return called &ls
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1. Keep an accurate record of revenue and expenses You can draw up these records by way of a simple spreadsheet based on your invoices and then confirm these a
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These tips are part of TaxTim's personalised recommendation tool called the Tax Health Score. Once you file your tax return with TaxTim,(endpreview) we analyze
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Why must I pay tax, I don’t earn enough! Will I get a penalty if I don’t disclose all my income to SARS?(endpreview) These questions are common and
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What?1. Rebates Who? EverybodyPrimary, secondary, and tertiary rebates – depending on your age.(endpreview) A rebate is a set amount that SARS whacks off y
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It’s tax season, and one of the most compelling reasons to file a tax return (besides the fact that it’s the law, of course) is the chance that you&
Read moreAre donations to political parties’ tax deductible? They are deductible if the political party is a registered Public Benefit Organisation/Not-For-Profit a
Read moreFor most people upon submission of their year-end income tax return, either nothing much will happen or a refund will be due, this being paid back within a matt
Read moreMost employees negotiate their salary based on the gross amount (or cost to company) - the whole amount paid by their employer. Since income tax is deducted fro
Read moreThere is this misconception that if one has an expense or makes a donation then “it can be claimed back from tax” While to the non-tax literate this
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