17/09/2015
It could happen..that the monthly tax deducted by one's employer may not be consistent when taking into account your personal overall tax affairs during the year....
This then results in HUUUUUUUGE amounts being payable to SARS when submitting your Personal Income Tax Return during tax season..
In fact, in some cases, penalties and interest may even be imposed as a direct consequence!
Such a scenario is particularly common where individuals receive Travel Allowances, or are employed at more than one place simultaneously, or have more than one source of income.
The best solution however, is to remain compliant all year round, thus avoiding any surprises later on.
Why not consult your Tax Practitioner, to find out more?!
Contact us today, we always look forward to hearing from you!
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072 914 7530