Tax Registration at SARS

What is Personal Income Tax?

Personal Income Tax is paid on your taxable income. SARS requires all individuals in South Africa to pay Income tax and be tax registered.

If you need to register for Company Income Tax, please click here to read more / apply.

For more info on Income Tax, view some of the main questions most business owners ask below.

• Remuneration (income from employment), such as, salaries, wages, bonuses, overtime pay, taxable (fringe) benefits, allowances and certain lump sum benefits
• Director’s fees
• Profits or losses from a business or trade
• Investment income, such as interest and foreign dividends
• Income or profits arising from an individual being a beneficiary of a trust
• Rental income or losses
• Pension income
• Annuities
• Income from royalties
• Certain capital gains

2020 tax year:

If you earn more than R 79 000 in the 2020 tax year (R 6 583 per month before any deductions) you are liable to pay Income Tax.

2021 tax year:

If you earn more than R 83 100 in the 2021 tax year (R 6 925 per month before any deductions) you are liable to pay Income Tax.

You firstly need to register for Income Tax at SARS. Our professional tax accountant (who has a rich knowledge about the processes at SARS) will prepare your documents, get your Tax Registration Number and send it to you. The easy process follows:

1. Apply online using the application form below.
2. Our professional accountant request your information and represent you at SARS (we assist).
3. You will receive your Personal Tax Registration number within a week.

Taxpayers who do not submit their tax returns will be charged an admin penalty which must be paid over to SARS. An Administrative Penalty (Admin Penalty) is a penalty levied under Section 210 of the Tax Administration Act (TAA). The Act prescribes the various types of non-compliance which are subject to fixed administrative penalties.