Tax Season 2015

Personal Income Tax Filing Season 2013 starts on 1 July 2015.

Contact Lilla van der Merwe Accountants for assistance with your income tax return.

You must complete a 2015 Income Tax Return if for the year 1 March 2014 to 28 February 2015 …

  • You received an Income Tax Return or were requested by SARS to submit an Income Tax Return for the year 2015
  • You received salary income from 1 employer only and it exceeded R350 000
  • You received salary income from various employers (even if the combined income was less than R350 000)
  • You received salary income from 1 employer that was less than R350 000 as well as interest income in excess of R23 800 (R34 500 if you were 65 or older on 28 February 2015)
  • You conducted any trade* in South Africa
  • You received an allowance such as a travel, subsistence or office bearer allowance. Check Section 8(1)(a) of the Income Tax Act if unsure.
  • You held any funds or assets outside South Africa that have a value of more than R200 000
  • You had a local Capital Gain/Loss exceeding R30 000
  • You received any income or Capital Gain in a foreign currency
  • You held any rights in a Controlled Foreign Company

*Trades may comprise but are not limited to:

  • Renting out property
  • Consulting services rendered
  • Rendering of any other services whatsoever
  • Farming
  • Buying and selling of any goods / supplies