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Pretoria, South Africa

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Personal Tax Services

Personal Tax / Individual Tax

WiseVision Tax (Pty) Ltd, Making Tax easy – Do you want peace of mind knowing that your personal tax returns are being dealt with correctly and that you are not making mistakes and getting on the wrong side of SARS?

We can take that burden off your shoulders!

The advantage of working with WiseVision Tax above all is that YOU, the client will always receive our unparalleled personal attention in dealing with your tax affairs.

WiseVision Tax (Pty) Ltd serve a variety of individuals, from students to retired people. We take pride in servicing a diverse client base and have designed our individual tax services to ensure that the needs of each of our clients are met. Our tax professionals offer convenient, accurate and affordable personal tax returns.

As a leading tax consultancy, we are equipped to handle any tax situation, including personal tax returns and company tax returns. In addition, we are the appointed Public Officer for a number of overseas companies and are responsible for thousands of statutory registrations and submissions each year.

Personal Tax / Faq

People who pay income tax are generally individuals who earn an income (from a salary, commission, fees, etc.).

Corporate tax includes tax paid by companies or close corporations, as well as trusts, on their annual income.
Most of the State’s income is derived from Income Tax (personal and corporate tax), although nearly a third of total revenue from national government taxes comes from indirect taxes, primarily Value-Added Tax (VAT).

Non-residents

South Africa has a residence-based tax system, which means residents are, subject to certain exclusions, taxed on their worldwide income, irrespective of where their income was earned. By contrast, non-residents are taxed on their income from a South African source.
https://www.sars.gov.za/ClientSegments/Individuals/Need-to-pay-tax/Pages/default.aspx
Non-residents pay tax on their income from a South African source.
Find out more about the different tax types.

Please note: If you earned remuneration for foreign services rendered, you are required to submit a return for the 2019 year of assessment (even if the amount is below R500 000).

Taxpayers need to submit a tax return to SARS so SARS can calculate your tax liability based on the income you declare and the tax-deductible expenses you have incurred for a year of assessment. In some cases it may result in a refund.

The annual Tax Season is when you will be required to submit a return. For most taxpayers this runs from July to November every year.

Call WiseVision for more info on 071 221 9900

Corrections

If you realise you made a mistake, the Request for Correction process allows you the ability to correct a previously submitted return/declaration for a specific period for Income Tax, Value-Added Tax (VAT) or Pay-As-You-Earn (PAYE) provided that no verification or audit was conducted on the same tax period. See more information on how to submit a Request for Correction (RFC).

Request for Remission of Penalties

In certain limited instances specific non-compliance penalties and/or interest can be remitted in whole or partially. For more information on the Request for Remission of Administrative Non-Compliance penalties, click here.

Request for Reasons

Where the taxpayer is aggrieved by an assessment or decision taken by SARS and the grounds provided in the assessment or for the decision do not sufficiently enable the taxpayer to understand the basis of the assessment/decision and to formulate an objection, the taxpayer is entitled to request reasons from SARS. See the Request for Reasons page for more information.

Individual Tax Services

  • Registration for provisional tax purposes.
  • Preparation and submission of annual income tax returns (including salary, travel allowance, medical, RAF, capital gains, investment income, etc).
  • Preparation and submission of provisional Tax Returns.
  • Calculation of capital gains tax.
  • Tax calculations.
  • Expense schedules and financial statements for commission earners, contractors and sole proprietors.
  • Attending to SARS mismatch and supporting documents requests.
  • Checking of income tax assessments for correctness.
  • Lodging of objections and appeals.
  • Assistance with SARS queries and audits.
  • Salary structuring.
  • Tax clearances for foreign investments, letters of good standing and tenders for sole proprietors.
  • Tax directives (fixed percentage and labour dispute settlements).
  • Tax advice.