• Tax

    Personal income tax – Still confused

    Still confused about personal income tax??  Let’s clear up some of the questions people usually need answers to. Let’s start at the beginning.  Everyone in South Africa should have a personal income tax number.  This also applies to people under the age of 18 who earns an income, usually as a beneficiary of a trust.  If you receive an income of less than R350 000 a year from one source, it is not necessary to submit a return.  But unfortunately the SARS system does not always recognize this, which can lead to penalties accumulating. So it is very important to always be aware of what is going on on your…

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