{"id":152002,"date":"2019-12-02T06:53:20","date_gmt":"2019-12-02T04:53:20","guid":{"rendered":"https:\/\/www.myza.co.za\/tax-returns\/"},"modified":"2019-12-02T06:53:20","modified_gmt":"2019-12-02T04:53:20","slug":"tax-returns","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/tax-returns\/","title":{"rendered":"Tax Returns"},"content":{"rendered":"

Tax Returns<\/a>: <\/p>\n

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Earning interest – Make sure that all sources of income are disclosed to SARS and that there is a workings table to arrive at the totals submitted to SARS. Use a tax practitioner as the fees paid to tax practitioners may be and probably will be deductible against your taxable interest.<\/p>\n

Make sure you are a registered as a provisional taxpayer. Submit your provisional returns each August and each February and don\u2019t be late<\/p>\n

Pay your taxes before the deadline which is the last working day of August and the last working day of February each year. Getting this wrong could mean a penalty.<\/p>\n

Submit your provisional return using a reasonable calculation but at least use the basic amount as when this is done, your risk is lower.<\/p>\n

Don\u2019t try and pay the above amount when filing the return after year end (which is when returns are filed) as this could mean a penalty of up to 20% + interest.<\/p>\n

Claim any tax practitioner costs incurred in filing your return if the fee is not more than the taxable portion of the interest.<\/p>\n

CLICK HERE to submit your press release to MyPR.co.za.<\/p>\n

Source:<\/strong> MyPR<\/a><\/small>
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Submit your own Press Release<\/a> or get free content for your publication.<\/p>\n

Video – How to post your Press Release on MyPR:<\/strong>
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