Tax

[shadow_man]

Hi Guys,

I will be filing a tax return for the first time, I need some help.

I earn 120k per year + traveling expenses.

Now I know you have to submit a return if you earn above 120k per year which I don't yet (I earn 120k on the dot), but does my traveling reimbursement (per km fee) push me over this limit or is it counted as tax free? E.g. do I submit a return for 120k or 120k + money received for traveling costs?

I really am clueless about this - if you have any documentation I can read as a first time tax payer I'd be really grateful.

Thanks and Regards,
J

 

[syntax]

You will need to submit... 120k + travel allowance
IIRC

 

[Celine]

what is the source code next to the travel allowance.

 

[HavocXphere]

If the travel reimbursement is covered by one of the deduction completely, then taxable income is still 120k. I doubt it will be though.

what is the source code next to the travel allowance.

Sup Celine good to see you're back.

 

[Mantis]

see this page:

http://www.sars.gov.za/home.asp?pid=216

 

[Celine]

If the travel reimbursement is covered by one of the deduction completely, then taxable income is still 120k. I doubt it will be though.


Sup Celine good to see you're back.

howzit havoc how you doing? i have been verrrry busy these past few months haven't had time to read the forum or play hopscotch lol. just when i think i have everything under control, my head starts spinning again.

 

[shadow_man]

what is the source code next to the travel allowance.

Hi,

No code, my payslip just says Re-imb Travel - Non Taxable and the amount being payed to me.

So with that being said it seems my total income is 120k? (10k x 12 months).

Does this mean I don't need to file for tax?

Thanks
J

 

[Celine]

Hi,

No code, my payslip just says Re-imb Travel - Non Taxable and the amount being payed to me.

So with that being said it seems my total income is 120k? (10k x 12 months).



Does this mean I don't need to file for tax?

Thanks
J

if it is re-imb travel then it will be under the source code 3703 on your IRP 5 certificate, which means that you don't need to claim against it as it is non taxable.
with regards to submitting a tax return, yes you do have to submit a tax return.
just register on e-filing and submit it via e-filing.