Page 4 - Employees tax

PROVISIONAL TAX

Principles in relation to the exclusion

• A natural person who does not carry on a business may be

exempt from provisional tax in terms of exclusion (dd)(B)

in the definition of provisional taxpayer in paragraph 1 of

the 4th Schedule. In order to be exempted as a provisional

taxpayer the individual must not be carrying on a business

AND:

> his or her taxable income must not exceed the

tax threshold for the relevant year of assessment;

or

>his or her taxable income must not include

interest, foreign dividends and rental from the

letting of fixed property that will exceed R30 000.

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