FSP License Number 11972
More about our Tax related services:
To submit your return we will need the following:
IRP5 Current employer
IRP5 If you changed employers
Medical Tax Certificate
Medical schedule for cash payments
Disabled ITD-DD form
Retirement Annuity Tax Certificate
Income Protector Tax Certificate
Interest Received: Statement (IT3[a] & [c]) from Bank and/or Investment Company
Any Pension or Provident payout (IT3(a)/ or IRP5's)
If you have a rental property:
Income per annum
Annual Bond statement for tax period
Maintenance
Levies
Rates & Taxes
Insurance on structure
Bond Life Assurance
SUMMARY OF TOTAL INCOME AND EXPENSES WILL BE APPRECIATED
If you have a travel allowance:
Comprehensive Log book with summary
Km reading 1 March
Km reading 28 February, as well as the following:
Vehicle/(s) detail: Make, Model, Purchase price (VAT incl.), Registration number
If you receive commision and/or are a soul proprietor:
Income & Expenses in Excel format
If you have a home office:
Home office space per m²: Calculate the percentage that your home office is to your total property surface. Use this percentage to determine what percentage you can claim against:
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Rates and taxes
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Telephone
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Storage area
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Monthly municipal account
When are you a Provisional Tax payer?
• When you receive more than one income (eg.: salary / pension plus interest, rental income, etc.) and the total income is more than the annual threshold.
• If you only receive a salary / pension plus interest and the interest is more than the exempt threshold of R22 800 below age 65 or R33 000 above age 65.
• A Commission earner or Sole proprietor, Directors of Companies/Cc’s.
When must you send me your summary with information, for which months and what dates are important for you to diarise?
See table below with a complete explanation.
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Provisional 1st Period |
Provisional 2nd Period |
Final Return |
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The date on which your summary with information must be with us: |
Before/on 31 July |
Before/on 31 January |
Before/on 30 September (you will receive an information email in May month) |
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Which months information is required? |
1 March till 31 July (I use an average estimation for August) |
1 August till 31 January (I use an average estimation for February) |
All the final annual documents, certificates & summary information. Refer to May month email. |
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Date of submission of (IRP6) provisional returns: |
Before/on last working day of August |
Before/on last working day of February |
Due date will be around end of November |
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Date on which the returns must be paid to avoid penalties and interest: |
Before/on last working day of August |
Before/on last working day of February |
As soon as your assessment has been finalized by SARS. |
What information and documentation is needed?
• For the 1st and the 2nd Provisional Tax periods we ONLY NEED THE SUMMARY with all the relevant information.
• For the final Tax Return for the relevant tax year, we need all the final annual documents, certificates & summary information.
Documents needed for the submission of your return, (in our Excel spread sheet template with 2 pages):
• Provisional Tax Checklist & schedule for rental property.
Important request and notification
1. The due date on which we must receive your summaries with information is crucial. All information must be processed for you to receive and pay your return on time. Also bear in mind that Amucus Brokers is not only a tax practice, and that these requests will help us to stay on track with our time slots.
2. The due dates on which your returns must be paid to avoid penalties and interest is important. Please be so kind as to send us proof of payment if your method of payment is via EFT OR you can grant us permission to pay your provisional return through e-filing.
3. All original documents must be retained for a 5 year period should SARS request an audit. The retention of the original documents is your responsibility.
4. Lastly, we want to stress the fact that we complete your tax returns on your behalf and it stays your responsibility to make sure that we receive the correct documents and information in time.
Should you have any queries regarding this information, please do not hesitate to contact us.