Guide on Income Tax and the Individual (2021/22) (Issue 17)

SARS has published issue 17 of the Guide on Income Tax and the Individual which informs South African residents of their income tax obligations in respect of the 2022 year of assessment.

The guide has been updated to reflect the amendments effected by the Taxation Laws Amendment Act 20 of 2021 and the Tax Administration Laws Amendment Act 21 of 2021, as well as the Rates and Monetary Amounts and Amendment of Revenue Laws Act 19 of 2021, which were all promulgated on 19 January 2022. As the year of assessment of an individual ends on the last day of February, these amendments are applicable to the years of assessment commencing on or after 1 March 2021 and ending on 28 February 2022 (that is, the 2022 year of assessment).

The guide canvasses –

1. When is an individual liable for income tax?
2. What is a year of assessment for an individual?
3. What are some of the different kinds of income that an individual can be taxed on?
4. Do all individuals have to register as taxpayers and submit income tax returns?
5. To whom is the income tax payable?
6. When is income tax payable?
7. What is employees’ tax?
8. What proof does an employee have of employees’ tax deducted from his or her earnings?
9. What is provisional tax?
10. What happens on assessment?
11. Penalties
12. Interest
13. Criminal offences

Find a copy of the guide here.

01/07/2022