Edward Kieswetter told the South African public that thet ax threshold for those who have to submit returns will be increased this season. This is good new for some right? but here’s the catch.

The new threshold laws only apply to citizens if this set criteria is met:

  • You must receive income from one employer only.
  • You must have no other form of income, such as a car allowance, business income, taxable income or money made from renting.
  • You must have no additional deductible allowances, such as medical expenses, travel expenses or retirement annuities.

Am I exempt from filing a tax return?

Instead of requiring tax returns from everyone who earns R350 000 a year, that minimum figure has been increased to R500 000 a year. In monthly terms, the parameters have shifted from R29 166 to R41 666.

The new tax chief was also keen to encourage more citizens to start using SARS’ e-filing systems. He revealed to tax-paying South Africans that the programme has gone through several updates, and more improvements will be in place.

One of the incentives for using the e-filing systems is that they help with time management. Yes, tax season will start on 1 August and end on 31 October, but electronic applications start at the beginning of July and remain open all the way through until the last day of January 2020. The App users will gave until 4 December.

12 thoughts on “The SARS tax return threshold increases to R500 000”

  1. Good V I should definitely pronounce, impressed with your web site. I had no trouble navigating through all tabs as well as related info ended up being truly simple to do to access. I recently found what I hoped for before you know it at all. Reasonably unusual. Is likely to appreciate it for those who add forums or anything, web site theme . a tones way for your client to communicate. Nice task..

  2. Oh my goodness! Impressive article dude! Thanks, However I am experiencing
    problems with your RSS. I don’t know why I cannot subscribe to it.
    Is there anybody getting identical RSS issues? Anyone who knows the answer can you kindly respond?
    Thanks!!

  3. Valuable information. Lucky me I discovered your web site by chance, and I am stunned why this accident did not took place earlier! I bookmarked it.|

  4. Fine way of describing, and nice piece of writing to take data regarding my presentation subject matter, which i am going to present in university.|

  5. It’s truly very complex in this active life to listen news on Television, thus I simply use internet for that reason, and take the most up-to-date news.|

  6. I was suggested this website by my cousin. I’m not sure whether this post is written by him as no one else know such detailed about my problem. You’re incredible! Thanks!|

  7. Simply desire to say your article is as astounding. The clarity in your post is simply spectacular and i can assume you’re an expert on this subject. Fine with your permission allow me to grab your feed to keep up to date with forthcoming post. Thanks a million and please keep up the rewarding work.|

  8. My partner and I stumbled over here different page and thought
    I might check things out. I like what I see so now i’m
    following you. Look forward to going over your
    web page again.

  9. Hi I am so excited I found your blog, I really found you by error, while I was researching on Bing for something else, Regardless I am here now and would just like to say cheers for a remarkable post and a all round interesting blog (I also love the theme/design), I don’t have time to look over it all at the moment but I have saved it and also included your RSS feeds, so when I have time I will be back to read a lot more, Please do keep up the great job.|

Leave a Reply

Your email address will not be published.