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Will the reason given on a tax directive affect SARS's decision?

Posted 24 February 2017

BritneydB says:
24 February 2017 at 13:38

Will the reason given on a tax directive affect SARS's decision; if the severance benefit is being paid out as a result of a voluntary settlement between employee and employer, is SARS less likely to grant the directive?

TaxTim TaxTim says:
24 February 2017 at 16:56

The reason given on the directive will affect the way SARS will tax the payout. There is a once-off R500,000 exemption on severance payouts/retrenchment payouts for individuals.

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