Motiva Tax Services

25/06/2024

What is rental income?
If an individual rents out a property (generally residential accommodation) and receives rental income, the amount received will be subject to income tax.

Residential accommodation can include:

holiday homes
bed-and-breakfast establishments
guesthouses
renting a section of your home, e.g. a room or a garden flat. Read Interpretation Note 28 on rules that may apply if a part of your private home is used for purposes of trade.
dwelling houses and
other similar residential dwellings.

25/06/2024

Do you need to submit a return?

Not sure whether you must submit an Income Tax Return (ITR12)? Answer these simple questions and find out. Top Tip: If you would like to make changes to any of your responses on the questionnaire, you need to refresh the page. Disclaimer: What is contained in this questionnaire is intended as a guid...

25/06/2024

When can you claim for travel?

If you receive a travel allowance from an employer or principal, you can claim a deduction on assessment of your annual income tax return for the use of a private motor vehicle for business purposes.

What do I need to do?
Firstly, record your motor vehicle’s odometer reading on 1 March, i.e. on the first day of a tax year.

Secondly, make sure that you keep a logbook throughout the year. Note that it is not necessary to record details of private travel but you must record details of business travel.

Thirdly, record your motor vehicle’s closing odometer reading on the last day of February (28/29) of the next year, i.e. on the last day of the applicable tax year.

Fourthly, calculate your total kilometers for the full year (closing kilometers less opening kilometers).

Fifthly, calculate your total business kilometers for the year (sum of all business kilometers.

25/06/2024

Income tax return filing dates
The dates for the 2024 Filing Season are:

Auto-assessment notices: 1 July 2024 to 14 July 2024
Individual taxpayers: 15 July 2024 to 21 October 2024
Provisional taxpayers: 15 July 2024 to 20 January 2025

25/06/2024

08/04/2024

SUBMISSION OF INDIVIDUAL INCOME TAX RETURNS

Taxpayers need to submit their individual income tax returns within the specified period. For non-provisional taxpayers, the deadline is NOVEMBER 23, 2024, while provisional taxpayers have an extended deadline until JANUARY 31, 2025. It is crucial to gather all relevant financial information, including income statements, expenses, and supporting documentation, to ensure accurate and timely submission.

Opening Date: April 1, 2024
Closing Date: November 23, 2024 (Non-provisional taxpayers)
Closing Date (Provisional Taxpayers): January 31, 2025. Take note of the following: Tax season for provisional taxpayers will be closing on 24 January 2024. Provisional taxpayers will have until this date to pay their dues and finalize their affairs for the 2022/23 tax year. For provisional taxpayers, the first period's payment is due on August 31, 2024. Provisional taxpayers include individuals who earn income not subject to PAYE (Pay As You Earn) deductions and businesses with an annual turnover exceeding a specified threshold.

08/04/2024

TAX SEASON OPENING DATE: MARCH 1, 2024

The tax season typically kicks off on March 1st each year, signaling the commencement of the period during which individuals and businesses can submit their tax returns to SARS. Taxpayers are encouraged to prepare their financial documentation well in advance to facilitate a smooth filing process.