The 2019 tax season officially started on 1 July 2019.
Different filing periods apply, depending on the way a taxpayer chooses to submit their return:
Companies and close corporations are not subject to the above-mentioned deadlines since the deadline for such entities’ income tax returns is 12 months after year-end.
The income threshold for submitting returns was increased from R350 000 to R500 000 for employees who received a single source of income from one employer during the year of assessment.
A natural person or estate of a deceased person will therefore not be required to submit a return if their gross income consists solely of any one or more of the following:
This article is a general information sheet and should not be used or relied on as legal or other professional advice. No liability can be accepted for any errors or omissions nor for any loss or damage arising from reliance upon any information herein. Always contact your financial adviser for specific and detailed advice. Errors and omissions excepted (E&OE).