Latest news with #Section18A
IOL News
13-07-2025
- Business
- IOL News
Do you need to file a tax return in South Africa if you earn less than R500,000?
Do you need to file if you earn under R500,000 in South Africa? Every year when tax season rolls around, many South Africans start to panic, especially those who think they might be in trouble for not submitting a return. But if you earn under R500,000 annually, the good news is you may not need to file one at all. That said, it's not as simple as 'under R500K = no tax return'. It depends on a few key factors. Here's a clear breakdown based on the latest guidance from the South African Revenue Service (SARS), so you can avoid unnecessary admin, or worse, penalties. You don't need to submit a tax return If all these apply to you: According to SARS, if your income for the tax year (1 March 2025 – 28 February 2026) is less than R500,000 and you meet all of the following conditions, you're off the hook: Your income came from only one employer for the full tax year with no job changes, no second job, no freelance hustle. You didn't earn any other income, such as rental from a property, interest from investments, freelance work, or dividends. You received no taxable allowances like a car or travel allowance, subsistence, cellphone or computer allowances, or the use of a company car. You're not claiming any deductions, such as medical expenses, retirement annuity contributions, or Section 18A donations. Your employer correctly withheld PAYE (Pay-As-You-Earn tax) on your behalf. If all of the above applies to you, you do not need to submit a tax return for the 2026 tax year. You do need to submit a return if: Things get a bit more complicated if your situation doesn't tick all the above boxes. Here's when you must file a tax return, even if you earn below the R500,000 mark: You changed jobs or had more than one employer in the tax year. You earned additional income, such as rent from a granny flat, a side gig, freelance work, or taxable interest over R23,800 (or R34,500 if you're 65 or older). You received a taxable benefit like a travel allowance or had the use of a company car. You want to claim tax deductions for medical expenses, retirement contributions, or donations to approved organisations. You made a capital gain or loss over R40,000 (for example, by selling shares or property). You held more than R250,000 worth of foreign assets or currency at any point during the tax year. SARS specifically sent you a tax return or requested one in writing - in which case, it's not optional. The danger of getting it wrong If you qualify for exemption but submit a tax return anyway and make an error, you could delay any possible refunds or even receive penalties for incorrect filing. On the other hand, if you should be filing and you don't, you risk fines, interest, and even legal action down the line. It's always best to double-check your status via the SARS eFiling portal or consult with a registered tax practitioner. In short: if you earn under R500,000 a year from one job, with no extra income or deductions, and your employer handled your PAYE correctly you can probably skip the paperwork. But if there's even a small deviation from that list, you're likely still on the hook to file. IOL News
The Citizen
13-07-2025
- Business
- The Citizen
Support the Boksburg SPCA's 75th anniversary dinner.
Boksburg SPCA reminds local businesses to support the society's 75th anniversary dinner at Summer Place on July 26 at 19:00. This exciting event offers an excellent opportunity for companies to showcase their community commitment while enjoying an elegant evening of fine dining and entertainment. The dinner features a sumptuous three-course meal, entertainment by artist Louise Ruzzier, exciting raffles, lucky draws, and a spin-to-win competition—all designed to raise funds for the SPCA's ongoing work in animal welfare and celebrate the society's milestone. The SPCA is actively seeking donations and sponsorships from local businesses for raffle and auction prizes, as well as table purchases. Businesses can secure tables and enjoy a night of celebration, networking, and philanthropy. This is a prime chance for businesses to increase their visibility and connect with the community while contributing to a worthy cause. Major sponsors will receive a Section 18A tax certificate, offering valuable tax deductions alongside positive brand exposure. 'We are calling on Boksburg businesses to partner with us not just for the event but for ongoing support throughout the year. This dinner will provide an exclusive insight into the vital work we do daily to protect animals and serve the community. Supporting the SPCA at this milestone event will not only help the animals but also highlight your business's role in the community,' Ursula Spennato, Boksburg SPCA committee member previously said. Individuals passionate about animal welfare are also welcome to attend and show their support. 'The SPCA has been serving animals and the community for many years. Reaching our 75th anniversary is a huge milestone, and we want everyone to celebrate with us. It would mean so much if people opened their hearts while enjoying a wonderful evening,' Spennato added. For donations, sponsorship opportunities, or table bookings, contact Ursula at 082 441 4245 or Nadine at 065 377 3298. Also Read: Investigation launched after crash involving Boksburg North SAPS vehicle Also Read: GALLERY: Boksburg North SAPS detective branch staff receives recognition At Caxton, we employ humans to generate daily fresh news, not AI intervention. Happy reading!
The Citizen
24-06-2025
- Automotive
- The Citizen
Edenvale urged to help police reservists get patrol vehicle
Edenvale urged to help police reservists get patrol vehicle Edenvale SAPS reservists have appealed to the community for assistance in obtaining a vehicle. To support their colleagues and fellow SAPS members, the reservists are hoping to collect monetary donations or receive a donated vehicle. By obtaining their dedicated vehicle, the reservists will be better equipped to help fight crime in the community, conduct patrols, and fulfil their duties more effectively. ALSO READ: Edenvale SAPS urges tighter fuel station security Although Edenvale Police Station has sufficient vehicles for its members, the reservists aim to ease the logistical pressure on the police station and are therefore appealing to the broader community. 'We do not want to impede on the logistics and fleet of Edenvale Police Station,' said reservist Constable Murray Carter. 'We would like to have our resources at our disposal.' Reservist Constable Mervyn Chetty said the reservists are not particular about the type of vehicle donated. 'The vehicle needs to be roadworthy and practical to conduct patrols and other duties,' he said. With the support of Edenvale Police Station's station commander, Colonel Ntombomzi Basholo, and Edenvale CPF chairperson Sheryl Damerell, the donation drive is being conducted in partnership with the NPC Little Wish Foundation. ALSO READ: New SAPS leaders in Bedfordview call for community support to fight crime Director of Little Wish Foundation, Peter Rex, said the initiative is part of a collaborative effort between the NPC and the Edenvale SAPS reservists. 'Together we aim to strengthen community safety through a partnership that integrates both public and private sector support.' He added that by working together, crime can be reduced in the community. 'Together we are seeking either monetary donations or the donation of a physical vehicle for this cause.' 'All donations will be made to the Little Wish Foundation NPC, and a Section 18A certificate will be issued for tax-deductible contributions,' said Rex. For more information, email info@ At Caxton, we employ humans to generate daily fresh news, not AI intervention. Happy reading!
The Citizen
10-06-2025
- General
- The Citizen
Support the 2025 Give a Cane campaign and change lives with just R50
Support the 2025 Give a Cane campaign and change lives with just R50 The SA Guide-Dogs Association is proud to announce the launch of the 2025 Give a Cane campaign, with an even bigger goal in sight. This follows the success of the SA Guide-Dogs Association's inaugural campaign in 2024, which provided 500 white canes to people living with visual impairments. This year, the campaign is calling on South Africans to help raise enough to fund the distribution of at least 1 000 white canes and essential orientation and mobility training. ALSO READ: SA Guide-Dogs Association needs more puppy raisers With donations towards a cane starting at just R50, everyone can be part of someone's journey to independence. 'A white cane is so much more than a mobility aid, it's freedom, dignity and the confidence to move through life independently,' said Pieter van Niekerk, spokesperson for the SA Guide-Dogs Association. Why the white cane matters The white cane used by SA Guide-Dogs is not a regular walking stick. It's a specialised mobility tool with a rounded ball tip designed to detect changes in terrain, from sidewalks to tactile paving, and signals to others that the user is visually impaired. ALSO READ: Volunteers for puppy raising programme needed – SA Guide-Dogs Association This promotes safety, awareness, and inclusion in public spaces. Get involved You don't have to walk alone, and you don't have to give big. A R50 donation helps bring someone closer to independence. You can also: • Host a dress-up day, walk-a-thon, or blindfold challenge at work or school • Encourage your book club, community, or running group to chip in • Start a R50 donation challenge at the office • Take part in an online gaming fundraiser • Walk, run, or cycle 50km and get sponsored And if you're a business, don't forget that donations are eligible for Section 18A tax certificates. Donate now or set up your fundraiser at At Caxton, we employ humans to generate daily fresh news, not AI intervention. Happy reading!
The Citizen
10-06-2025
- Business
- The Citizen
Help create an inclusive SA: SA Guide-Dogs launches 2025 Give a Cane campaign
The SA Guide-Dogs Association is proud to announce the launch of the 2025 Give a Cane campaign, with an even bigger goal in sight. This follows the success of the SA Guide-Dogs Association's inaugural campaign in 2024, which provided 500 white canes to people living with visual impairments. This year, the campaign is calling on South Africans to help raise enough to fund the distribution of at least 1 000 white canes and essential orientation and mobility training. With donations towards a cane starting at just R50, everyone can be part of someone's journey to independence. ALSO READ: SA Guide-Dogs Association seeks puppy raisers to help change lives 'A white cane is so much more than a mobility aid, it's freedom, dignity and the confidence to move through life independently,' said Pieter van Niekerk, spokesperson for the SA Guide-Dogs Association. Why the white cane matters The white cane used by SA Guide-Dogs is not a regular walking stick. It's a specialised mobility tool with a rounded ball tip designed to detect changes in terrain, from sidewalks to tactile paving, and signals to others that the user is visually impaired. This promotes safety, awareness, and inclusion in public spaces. ALSO READ: SA Guide-Dogs Association launches Wear Your Shades campaign Get involved You don't have to walk alone, and you don't have to give big. A R50 donation helps bring someone closer to independence. You can also: • Host a dress-up day, walk-a-thon, or blindfold challenge at work or school • Encourage your book club, community, or running group to chip in • Start a R50 donation challenge at the office • Take part in an online gaming fundraiser • Walk, run, or cycle 50km and get sponsored And if you're a business, don't forget that donations are eligible for Section 18A tax certificates. Donate now or set up your fundraiser at At Caxton, we employ humans to generate daily fresh news, not AI intervention. Happy reading!
