PAYING TAX!!
I find it soooo amusing that quite a few people are very clueless when it comes to paying tax and recieving money back from the tax man ( yes you can get money back from the tax man)-
DID YOU KNOW THAT YOU PAY TAX AND VAT ON PRETTY MUCH EVERYTHING THAT YOU PURCHASE IN A STORE??
We are now nearing the end of tax submissions online for non-provisoonal tax payers ( these iclude freelancers, actors, musicians ect - those that do not earn a salary or get extra income somehow)-
if you are a privisional tax payer then you have until the end of January next year to submit online ( these include the people that earn salaries eect)
HOW DO YOU SUBMIT YOUR TAX RETURNS?
I work for an acting management company and when our children work- they get taxed 25% on every single job they do- yes this means that children claim back tax too- and yes they need tax numbers.
Be carefull of not being taxed- because if you do not get taxed on something or a job that you did, that means you are liable to pay the tax man that certain amount of money- and it is your responsibilty to do this.
Turst me you do not want the tax man to be coming after you for their outsanding monies!!!lol
if there is one thing that runs smoothly in this country- it is SARS...lol
HOPEFULLY WE WILL HAVE LESS TAX PROBLEMS IN S.A...hee heee
I find it soooo amusing that quite a few people are very clueless when it comes to paying tax and recieving money back from the tax man ( yes you can get money back from the tax man)-
DID YOU KNOW THAT YOU PAY TAX AND VAT ON PRETTY MUCH EVERYTHING THAT YOU PURCHASE IN A STORE??
We are now nearing the end of tax submissions online for non-provisoonal tax payers ( these iclude freelancers, actors, musicians ect - those that do not earn a salary or get extra income somehow)-
if you are a privisional tax payer then you have until the end of January next year to submit online ( these include the people that earn salaries eect)
HOW DO YOU SUBMIT YOUR TAX RETURNS?
- First you need to apply for a tax number-
- then you need to register with the efiling system online, i find this is the easiest way- no need to stand in a line for hours ect.
- gather all of your slips for that specific tax year- and then calculate the total amoounts for all cataegories ( be it medical bills, groceris, rent ect..)- rememeber you can pretty much claim tax on anything...
- if you are a non- provisional tax payer- all of your RIP5's should be on the system already ( this means you can claim for those)
- you then put these amounts in their respective colums and the vuala!
- wait for a couple of days- and wait for your phone to beep to tell you that you got money in the bank from the tax man.
- remember SARS can aks you to send these slips to them to prove how you got to all of the "claimed" amounts.
I work for an acting management company and when our children work- they get taxed 25% on every single job they do- yes this means that children claim back tax too- and yes they need tax numbers.
Be carefull of not being taxed- because if you do not get taxed on something or a job that you did, that means you are liable to pay the tax man that certain amount of money- and it is your responsibilty to do this.
Turst me you do not want the tax man to be coming after you for their outsanding monies!!!lol
if there is one thing that runs smoothly in this country- it is SARS...lol
HOPEFULLY WE WILL HAVE LESS TAX PROBLEMS IN S.A...hee heee
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