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How to get a tax clearance certificate?

You can obtain a tax clearance certificate from SARS. This certificate simply means that all your taxes are up to date. It also indicates that you have no money outstanding on any of your tax accounts.

How long is a tax clearance certificate valid for.

SARS has also changed the format of the tax clearance certificates. The certificate now contains a code which will be used to verify the certificate. This certificate is valid for up to one year, with condition that the tax compliance status is kept up to date.

how to get a tax clearance certificate

Please contact us for more information regarding tax clearance certificates.


When to deduct PAYE for employees

Have you ever wondered when to start deducting PAYE for your employees? The answer is quite simple.

SARS makes use of PAYE tables to determine from which amount and how much PAYE should be deducted. The current amount, from 1 March 2020 is R7 479. This means, that when you have an employee that receives R7 479 or more per month in salaries, the company should register for and deduct PAYE. This amount is then paid over to SARS on a monthly basis. This also means that the employee should be provided with an IRP5 every year.

PAYE tables

Click here to get a copy of the SARS PAYE tables.

when to deduct paye

Who needs to submit an income tax return?

In order for you not to submit an income tax return, you have to comply with the following conditions:

  • Income for the year was less than R500 000
  • Income was only received from one employer, ie only one IRP5 received.

If you had any of the following forms of income, you have to submit an income tax return:

  • Trading as a sole proprietor.
  • Received a travel or subsistance allowance.
  • Capital gains or losses totaling R40 000 or more.
  • Held funds in foreign currency or assets exceeding R225 000 at any stage during the year.

For more information, contact us now on email.