CART
Personal Income Tax
Personal Income Tax in South Africa is a fundamental component of the country's tax system, levied on the income earned by individuals and entities such as trusts. Administered by the South African Revenue Service (SARS), this tax is structured on a progressive scale, meaning that higher incomes are taxed at higher rates. It encompasses various sources of income, including salaries, wages, bonuses, rental income, interest, and business profits, among others. Personal Income Tax plays a crucial role in financing public services and infrastructure, contributing significantly to the national revenue. Understanding the principles and obligations of personal income tax is essential for all taxpayers in South Africa to ensure compliance and accurate reporting of income to SARS.
Annual ITR12 Submission
An ITR12 or Income Tax Return is a form that SARS requires all individuals (including provisional taxpayers) to complete and submit to SARS once every year. The form is used to declare your incomes and expenses so that SARS can calculate how much tax you need to pay, or how much of a tax refund SARS needs to pay you.
Guidance and Advise
Dealing with Tax related issued can be a daunting task if you are not sure what to do, when to do it, what to claim, what to declare ect. Life is busy and we all are busy trying to navigate it in the best way possible. Let us Guide you and take away any doubts or worries you might have regarding the process.
Log Books
When a car allowance, accurate record keeping in the form of a log book is vital, we can advise on the easy ways to ensure an accurate log book is kept up to date, for Tax submission time.
Dispute Lodging
You do not always need to agree with all things SARS related. It is possible to Dispute somethings. AAA Tax Practitioners can assist you step by step in ensuring our disputes are correctly lodged and correctly submitted to SARS.
Personal Income Tax Registration
If your are not sure if you are registered for Personal Income Tax of if you should be registered we can defiantly advise on this and assist, with ensuring you are properly registered.
SARS Audits
Audits do not need to be stressful thing, they are normally very straight forward and require a few extra documents to be submitted. AAA Tax Practitioners can assist you in ensuring the correct documentation is submitted. And the audit is resolved correctly.
Tax Clearance
A Tax clearance Certificate (TCC) is a document issued by SARS confirming that the tax payers tax affairs are in order. TCCs are required for tender applications, for foreign investment, and for emigration purposes.
Individual Capital Gain Tax Calculations
What is it? Who does it apply to? How do you know how much it will be? And what exclusions can you benefit from? Let AAA Tax Practitioners help you navigate this.
Get in touch
If you have any questions regarding the above, send us your details, so that we can get in touch. And help you navigate your tax journey.