When you start earning money, the revenue service and its rules can seem confusing. Here are six key things to note:
Paying tax can often seem extremely complicated, but these days the South African Revenue Service (Sars) makes it much easier to understand and submit your tax returns. But when you’ve just started working and have to register as a taxpayer it can still seem overwhelming. We answer six of your questions on the subject.
The tax year covers a slightly different period than the ordinary calendar year. It starts on 1 March and ends on 28 February, except of course in leap years.