2019 TAX SEASON
The tax season opened on 1 July 2019.
Make sure you received all your IRP5’s and IT3’s as well as your Tax Certificates for Medical Aid, Annuities, etc.
New legislation: Single income earners for income less than R500 000 are no longer required to submit tax returns. PLEASE NOTE THAT IF YOU RECEIVE A CAR ALLOWANCE, BUSINESS INCOME, RENTAL INCOME, ETC, YOU ARE STILL REQUIRED TO SUBMIT YOUR TAX RETURN. Also bear in mind that if you don’t submit your tax return you have no way of claiming your medical expenses, retirement annuity contributions and travel expenses.
Please feel free to contact us for more information.