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FAQ
At McCullough & McCullough, we've done our best to create a Web site that anticipates and satisfies our customers' needs. With that goal in mind, we've compiled a list of frequently asked questions. If you do not find an answer to your question here, contact us at info@mccullough.co.za.
- When do I need to be registered for income tax?
Previously you had to be registered for an income tax reference number, when you earned a gross salary of R60 000 or more per annum, have more than one income e.g rental income, or if you are a member/director of a company.
The new requirement as from the 2010 financial year end will be that all employed individuals will be required to be registered with SARS as tax payers.
But you don't need to rush out and get registered or get all your employees registered, the new easyfile software will enable the employer to registered all employees who do not yet have a tax reference number.
should you require more information about the new IRP501 and PAYE reconciliation software and process please send us an e-mail to info@mccullough.co.za with the subject "2010 recon info" and we will send you the SARS brochure.
- I need to apply/register for Income Tax, what do I do or I need a Tax reference Number, what do I do?
You need to obtain the following application form IT77, this form can be obtained from the SARS website via the following link: www.sars.gov.za>I want to>Register as a Taxpayer or from your nearest SARS branch or a tax practioner can assist you. Complete it and submit it at your closest SARS branch with the following supporting documents Or supply your tax practioner with the following documentation and they will complete the forms and submitt on your behalf:
The completed IT77 form
A certified legible copy of the taxpayers Identity document or Passport document.
Income details need to be supplied for the last 3 years.
Copies of documents (e.g. IRP5, IT 3) should be provided where applicable.
Should the bank details be completed on the application form, ONE of the following documents should accompany the application:
A cancelled cheque; or A certified legible copy of / original statement of account which clearly indicates the account holders name, the account number and the branch number; or
an original letter from your banker (on an official letterhead) which confirms the account holders name, the account number and the branch number.
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