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TAX SEASON SOUTH AFRICA 2015That’s right folks, it’s that time of the year again.. tax season! It’s time to get our affairs in order and I’ve got some bits and pieces to share with you. You should have received an IRP5 from your employer, if not, request one right away. Also, make sure you get a medical aid certificate if you pay your own medical aid, any additional income streams, rental income accounts and tax certificates for any retirement annuities. To start off, I spoke with the Director of TaxTim, Evan Robinson. TaxTim is an online platform that assists people with doing their taxes. Let’s face it, doing your taxes is quite a hassle and understanding everything is no easy feat. Evan and his partner created the website to help people with this and they’ve gone on to receive funding from Google and now report that they’ve assisted over 1,300,000 South Africans with their tax. I’ve done my taxes every single year for as long as I can remember. I ended up hiring an accountant to assist me with mine because it worked out cheaper for them to do it in comparison to the time it was going to take me to get everything in order and use e-filing. As much as it frustrates me to think that the tax I pay isn’t going into things that I feel it should be, it’s just how things go and I’m glad that I’m doing things above board. Evan provided me with 5 reasons to do your tax and I’ve rewritten them slightly:
Here are some calculators to assist you in figuring out what is what: Here are some other references you should be looking at if they apply to you: Here are the important dates:
Note: TaxTim did not commission me to write this article. |
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