Personal Tax Services

Whether you have a large portfolio and complex financial needs, or whether your affairs are relatively straightforward but, for whatever reason, you have to file annual returns with SARS, we can help.

Why must I complete a tax return?

As an employee, you probably meet all of your tax responsibilities to the ‘Tax Man’, using the PAYE system. But there are times when submitting a tax return can be worthwhile for reducing the amount of tax you have to pay, or because you are obligated to under SARS rules.

This may happen if you:

Are self-employed or in a partnership
Are a company director
Have sizeable savings
Have untaxed savings
Have income from investments
Are a landlord and rent out property
Have income from a source overseas
Earn benefits from a trust
Earn income from a pension
Have sold or given away an asset, such as shares or a holiday home
Have lived or worked overseas, or aren’t domiciled in South Africa

Even if you are not generating a profit, completing a tax return may be compulsory and, even if not legally required, a tax return could lower your tax bill. Completing one voluntarily can perhaps benefit you.

Unsure whether completing a voluntary tax return is a good idea for you?

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What can Equality do for me?

We will take a detailed look at your finances to fully understand the big picture.

Prepare your tax return and check your financial position, because you suspect your employer collected too much tax.

Prepare your tax return because you receive untaxed income from savings or properties or have an annual income above R500,000.

Claim a tax refund from SARS on your behalf.

Check your tax code to ensure the tax collected by your employer each month is correct. When you have income from multiple employers, this can often go wrong.

If you have incurred expenses from your regular job, we can complete the forms to claim the tax back on your behalf. This might be for items such as business mileage, hotel accommodation, meals while travelling, business phone calls and professional subscriptions.

We can give you a fixed price so that we can take the worry away when it comes to meeting your responsibilities and deadlines – whilst ensuring that you pay only the right amount of tax and not a penny more!

Frequently Asked Questions

Do I have to submit a tax return?

Yes, if:

Your gross annual earning is more than R500,000, and
you received income from more than one employer, and
you receive a car allowance/ company car/ travel allowance or other income, like from interest or rent, and
you claim tax deductions from medical expenses, travel, pension, or retirement annuity contributions made by your employer.

Do I have to pay income tax?

Yes, paying income tax is mandatory if your age or earnings are:

For the 2023 year of assessment (1 March 2022 – 28 February 2023)

R91 250 if you are younger than 65 years.
If you are 65 years of age to below 75 years, the tax threshold (i.e. the amount above which income tax becomes payable) is R141 250.
For taxpayers aged 75 years and older, this threshold is R157 900.

For the 2022 year of assessment (1 March 2021 – 28 February 2022)

R87 300 if you are younger than 65 years.
If you are 65 years of age to below 75 years, the tax threshold (i.e. the amount above which income tax becomes payable) is R135 150.
For taxpayers aged 75 years and older, this threshold is R151 100.

For the 2021 year of assessment (1 March 2020 – 28 February 2021)

R83 100 if you are younger than 65 years.
If you are 65 years of age to below 75 years, the tax threshold (i.e. the amount above which income tax becomes payable) is R128 650.
For taxpayers aged 75 years and older, this threshold is R143 850.

See this page on SARS.gov.za – personal income tax.