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How to file when no tax was withheld

Aug 12 2015 14:29

Cape Town - To help make the filing process as seamless as possible Fin24 has joined forces with the SA Institute of Tax Professionals (SAIT), to answer users' tax questions as far as possible.

User question: My wife retired in February 2014 and has since then been doing ‘piece’ work such as proof reading documents, transcripting minutes etc.
 
A few of the companies that she has done work for have loaded her tax number on their payment systems and withhold tax as per the regulations and will hopefully issue her with an IRP5 in due course.
 
The question that we have is how to handle the payments received where no tax has been withheld and the monies have been paid on invoice into her savings account. She has always filed her tax return online and is not sure what to do now.

Piet Nel, SA Institute of Tax Professionals responds:

You are correct that, with respect to the payments to her that were subject to the withholding of employees’ tax, an IRP5 will be issued to her (and copied to SARS). SARS will pre-populate the detail on the IRP5s on the return.  

The payments in response to invoices issued by her must be declared on her return of income (IT12).  This will be declared as income from a trade.  It is actually the full income form the trade that must be disclosed there. 

If the full income (including the ones reflected on IRP5s) is declared she must remember to capture the total of the amounts on the IRP5s below that total to ensure that it is not duplicated.  

* Have a question? Send it to us and we will find an expert to answer.

PLEASE NOTE: The important deadline dates in the 2015 tax season are:

September 30 2015: Manual/postal submissions
November 27 2015: At a SARS branch (non-provisional)
November 27 2015: eFiling (non-provisional)
January 29 2016: Provisional taxpayers via eFiling

ALSO SEE previous tax questions from users:

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Expat receiving pension from SA: Do I pay tax?

What are the limits on claiming travel expenses?

Can I claim for using my own car for work?

Temp teaching for 6 months, must she pay tax?

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Can I claim for travel expenses?

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sait  |  tax filing season 2015  |  money clinic  |  tax
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