![]() ![]() The SARS has a list of available tax tables to help you calculate your deductions, you can use the links below to access them:Īmounts contributed to a pension, provident and retirement annuity funds during a year of assessment are deductible by members of those funds. However, during this process, you will also report your tax deductions, which are business expenses that can lower the amount of tax you have to pay during the fiscal year. More than that, it’s a legal requirement and failing to file a tax return could land you in serious legal trouble with government agencies. Non-resident beneficial owners of dividends may benefit from reduced tax rates in limited circumstances Deductionsįiling a tax return is one of the many inescapable (and sometimes nasty) realities of being a working adult. Dividends Taxĭividends tax is a final tax on dividends at a rate of 20%, paid by resident companies and non-resident companies in respect of shares listed on the Johannesburg Stock Exchange (JSE) or other South African licensed exchange.ĭividends are tax-exempt if the beneficial owner of the dividend is a South African company, retirement fund or other exempt people. Once you come to your Net Taxable Income, you will then pay your taxes based on that taxable income. For companies, close corporations, personal liability companies and those which qualify as a Small Business Corporation, your Net Profit on which your tax is payable is your total taxable income (excluding any capital proceeds) less any qualified deductions and special allowances. ![]()
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