To assist in claiming, grasping the overall context and fulfilling the necessary actions, Compare Guru has created a comprehensive guide to assist with sorting out your tax.Step One - Before Registering Whether you should register with Sars is the first thing that needs to be determined. If your total annual salary is less than R350 000 for 2015 (this threshold amount changing fro year to year), then you're not required to file tax return.
Step Two - Determine Your CategoryThere are a few categories which taxpayers are separated by, once an individual starts working.
Step Three - RegisteringIn order to register as a taxpayer you will need
Step Four - After RegisteringAfter registering you will be required to pay. This also falls into different categories: SITE, PAYE and Provisional Tax. Site: Is a different method of tax payment - this refers to individuals who are on a lower income. PAYE: Pay As You Earn is exactly what it stands for. Tax deducted on a continuous basis, which could be weekly, daily or monthly while you work. Provisional Tax: This is for anyone who receives a travel allowance or any other income apart from a salary.
If you require a refund for being taxed more than you should have, submission of the IRP6 form which can also be acquired online.