Taxation Services
We will help you to effectively manage your income tax obligations and maintain a compliant relationship with the relevant tax authorities. We have engaged a fellow subsidiary, Taxways, to provide taxation services to our clients.
Our Tax Services Include:
- Individual taxation
- ITR12
- Provisional tax returns
- Company taxation
- Income tax computations
- Deferred tax computations
- Provisional tax returns
- IT14
- IT14SD
- Value-added taxation support and advice
- Salary structuring planning
- Various registrations
VAT Returns
- We can review or prepare your VAT returns and provide process assistance to help you manage your VAT obligations effectively.
Don’t just survive the tax season, thrive this tax season and contact us today!
What is company tax in South Africa?
Income tax is a tax levied on all income and profit received by a taxpayer (which includes individuals, companies and trusts). … The form of tax that people generally associate with the concept of income tax is “normal” income tax.
How is company tax calculated?
This is a complicated question as the provisions of the tax act have to be applied and adhered to, this is the reason that a skilled individual who understands the provisions of the income tax act should determine your tax computation.
<h3 class=”faq-title”>When must I file my 2018 tax return?</h3>
For individuals the ability to submit your return commenced on the 1st of July 2018 and has to be completed by the following dates:
- Manual submission – 21 September 2018
- E-filing non-provisional tax payers – 31 October 2018
- E-filing for provisional tax payers – 31 January 2019
All companies have to complete their return’s within 12 months after year-end.
How much do you have to earn to submit a tax return in South Africa?
You do not need to submit a return if ALL the criteria below apply to you:
- Your total employment income / salary for the year (March 2017 to February 2018) before tax (gross income) was not more than R350 000; and
- You only received employment income / salary for the full year of assessment (March 2017 to February 2018) from one employer; and
- You have no car allowance/company car/ travel allowance or other income (e.g. interest or rental income); and
- You are not claiming tax related deductions/rebates (e.g. medical expenses, retirement annuity contributions other than pension contributions made by your employer, travel).
