Tax Season 2026 opening date and deadlines

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-

2026 Tax Season: Why You Should Still File Your Income Tax Return

With the 2026 tax season approaching, many clients have been asking whether they really need to submit an annual income tax return this tax year. Our ans

5 Reasons you Still Need to File your Tax Return

SARS 2025 tax season dates: 21 July 2025 to 20 October 2025: individual (non-provisional) taxpayers 21 July 2025 to 19 January 2026: provisional taxpayers If

The “RA Hack” That Can Lower Your Tax Bill This Year

Every bank and investment house is telling you to “save for your future” by topping up your Retirement Annuity (RA) before the tax year ends on 28 F

Tax Directive Error Affecting Certain Retirement Fund Transfers

TaxTim is aware of a tax directive issue between SARS and certain retirement funds where some fund transfers are incorrectly being treated as taxable events. On

Why don't I get a tax deduction for Out of Pocket Medical Expenses?

Tax season always throws up some interesting and confusing calculations, but for many, the most confusing of all is how medical aid contributions and Out of Poc

Why do I owe SARS more money?

Once you’ve completed filing your tax return, it’s possible to find that instead of getting money back(endpreview), you actually have an outstanding

Tax Season 2025: opening date and deadlines

Why You May Owe Tax on Two-Pot Withdrawals

South Africa introduced the Two-Pot Retirement System to help people access part of their retirement savings before retirement age, while keeping the rest for r

Finding your way around a SARS IRP5

Consult the image below to find all the tax-related information on your IRP5 that you will need when completing your annual tax return. PAYE number Income s

What Medical Expenses Can You Claim Back from Tax

Medical expenses are nothing to sneeze at. Private medical treatment is increasingly pushing the limits of medical aid scheme(endpreview) benefits and our walle

Tax on Pension Annuites

When 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

Retirement Funds

This week we received some questions from our users on retirement fund contributions and the laws that govern it. We hope that this helps you as you start gathe

Two-Pot Retirement System and its Tax Effects

South Africa rolled out the Two-Pot Retirement System on 1 September, 2024. It applies to any South African who has a pension fund, provident fund or retirement

The 3 R's: Returns, Rebates and Refunds Explained

When it comes to tax jargon, most people prefer to bury their heads in the sand instead of trying to understand all the confusing terms that tax practitioners u

Tax on Pension Annuities

Taking a closer look at why taxpayers may be required to pay in tax on pensions or annuities on assessment and how they can avoid a repetition of this each year

11 Types of Tax Directives

How to cash out your retirement annuity after emigrating from South Africa

Retirement annuities are tax-smart investments that help you to save for life after your nine-to-five. You generally can’t withdraw these funds before you

Your Retirement Fund: Understanding the 2022 Tax Changes

Have you found yourself with a huge tax bill at the end of the tax year, and no money to pay it? SARS is making your life easier by changing the way it does tax

10 Tips to Pay Less Tax

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

Do I earn enough to have to pay tax?

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

Tax Breaks For All

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

The Tax Refund Myth: Why aren’t I getting anything back?

Every year there arises a misconception amongst taxpayers that a tax refund or 'tax rebate', as it is incorrectly known to many,(endpreview) is due to them by d

7 Types of Tax Directives

Imagine you’re an estate agent or luxury car salesman. Chances are that you don’t earn much (if anything) as a basic salary(endpreview) and you rely

How does Pay-As-You-Earn (PAYE) work?

You may have seen the word PAYE on your IRP5 payslip or heard it mentioned by your employer, but have no idea of its meaning.(endpreview) All it really mea