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TaxTim says: 25 February 2013 at 18:58 The simplest way to determine if you are going to pay tax is if your annual income is greater than R63 556 for the tax year ending 28 February 2013. This figure will likely go up for the 2014 tax year which is good news. Your new employer most likely will multiply the R5 300 x 12 = R63 600 which is just over the tax threshold, so you may want to earn R5 250 per month in which case you won;t need to pay any tax. It is always good to register as a taxpayer as this gives you a tax number whenever it may be required. click here - link to TaxTim help on registering. You wouldn't need to complete a tax return, but sometimes places like the banks require a tax number or once you start earning more. |
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