Who is exempt from provisional tax?

The following persons / natural persons are not required to pay provisional tax:

  • Any person whose income is derived solely from remuneration.
  • Any person who does not carry on a business and whose income does not exceed the tax threshold for the year. The tax thresholds for the 2013/2014 year of assessment are:
    • R67 111 for persons under the age of 65
    • R104 611 for persons over the age of 65
    • R117 111 for persons 75 years and older
  • The taxable income of any person derived from interests, dividends, and rental from the letting of fixed property and it will not exceed R20 000.
  • The investment income does not exceed the exemption for the year. The exemptions for the 2013/2014  year of assessment are:
    • R23 800 for persons under 65
    • R34 500 for persons over 65
    • Foreign interest and dividends are only exempt up to R3 700 of the total exemption.
  • Any person 65 years or older is exempt from the payment of provisional tax if:
    • The taxable income for the tax year does not exceed
      R120 000 and consists of remuneration, pension, interest, dividends or rental income from the letting of fixed property; and
    • He/she do not carry on any business.
  • Non-resident ship and aircraft owners that are required to make payment under section 33 of the Act are exempt from paying provisional tax.
  • Non-residents who are physically absent from the country for 183 days and are not carrying trade in South Africa. 
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