The tax threshold for returns has been increased to R500,000, commissioner Edward Kieswetter of the South African Revenue Service announced on Tuesday
(PHOTO: Sars Commissioner Edward Kieswetter, GCIS)
By Staff Reporter
Tax returns were previously required by SARS to all people earning R350 000. The threshold has been increased to R500,000.
While #TaxSeason2019 will start on 1 August for all taxpayers, digital platforms will be available for efiling from 1 July. pic.twitter.com/ExOJFtyS4q— SA Gov News (@SAgovnews) June 4, 2019
You will need to meet the following requirements to qualify
- You must receive income from one employer only.
- You must have no other form of income, such as a car allowance, business income, taxable income or money made from renting.
- You must have no additional deductible allowances, such as medical expenses, travel expenses or retirement annuities.
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The closing date for the tax season will be October 31 for those filing at SARS branches meanwhile for taxpayers who use eFiling, the deadline is December 4 and for provisional taxpayers who file online, the closing date is January 31, 2020.
