Skyways – August 2019

reasons that you may still get

a tax refund and could lose out

on it if you don’t submit. “The

main reason for SARS lifting

the threshold is that it lessens

their administrative burden of

processing tax returns from the

lower income-earning group.

The fewer returns submitted,

the less admin for them... [but]

individuals should be cautious.”

Professor Viviers urges those

that are uncertain to consult a

registered tax practitioner to

avoid possible non-compliance

penalties, as there are exceptions

to the R500,000 rule. You should

have received a salary from

only one employer, you should

not have received other income

(such as car allowances) and

there should be no additional

need not submit personal income

tax returns. But North-West

University Professor, Herman

Viviers, warns that you should

be wary of simply not filing

your normal tax return. He

deductible allowances (such as

medical and travel allowances

and retirement annuities).

Source: sars.gov.za

ENVIRONMENT

Extreme swimming

Earlier this year, Ryan Stramrood

became only the second person

ever to swim 100 crossings

between Robben Island and the

mainland. The extreme swimmer

completed the final 7.4km swim

in just two hours and 18 minutes

and dedicated his achievement to

his late friend – and the only other

person to have swum the crossing

over 100 times – Theodore

Yach. He was accompanied by

fellow extreme swimmer and

environmental campaigner

BUSINESS

SARS threshold increase

In June, SARS raised the tax

threshold from R350,000 to

R500,000. This means that

people earning less than that

take | off

The decibel level of a

loud rooster’s call.

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