Every company or other juristic person, which was a resident during the 2022 year of assessment that
- derived gross income of more than R1 000;
- held assets with a cost of more than R1 000 or had liabilities of more than R1 000 at any time;
- derived any capital gain or capital loss of more than R1 000 from the disposal of an asset to which the 8th Schedule of the Income Tax Act applies; or
- had taxable income, taxable turnover, an assessed loss or an assessed capital loss;
- Every trust that was a resident during the 2022 year of assessment;
Every company, trust or other juristic person, which was not a resident during the 2022 year of assessment, that
- carried on a trade through a permanent establishment in South Africa;
- derived income from a source in South Africa; or
- derived any capital gain or capital loss from the disposal of an asset to which the 8th Schedule to the Income Tax Act applies;
Every company incorporated, established or formed in South Africa, but that was not a resident as a result of the application of any agreement entered into with the Government of any other country for the avoidance of double taxation during the 2022 year of assessment;
Every natural person who during the 2022 year of assessment
- was a resident and carried on any trade (other than solely in his or her capacity as an employee);
- was not a resident and carried on any trade (other than solely in his or her capacity as an employee) in the Republic;
Every natural person who during the 2022 year of assessment
- was a resident and had capital gains or capital losses exceeding R40 000;
- was not a resident and had capital gains or capital losses from the disposal of an asset to which the 8th Schedule to the Income Tax Act applies;
- was a resident and held any funds in foreign currency or owned any assets outside the Republic, if the total value of those funds and assets exceeded R250 000 at any stage during the 2022 year of assessment;
- was a resident and to whom any income or capital gains from funds in foreign currency or assets outside the Republic was attributed in terms of the Income Tax Act;
- was a resident and held any participation rights, as referred to in section 72A of the Income Tax Act, in a controlled foreign company;
- was a resident and had taxable turnover; or
- subject to the provisions of paragraph 3, at the end of the 2022 year of assessment
- was under the age of 65 and whose gross income exceeded R87 300:
- was 65 years or older (but under the age of 75) and whose gross income exceeded RI35 150; or
- was 75 years or older and whose gross income exceeded R151 100:
Every estate of a deceased person that had gross income during the 2022 year of assessment.
To read more ask us for the Income Tax Notice 2130
here
Submitting your tax return is not enough. We submit and ensure you are compliant & utilize all your tax benefits. With this holistic approach, we can reduce your tax burden. Click here, fill out the form & let us know how we can help you.
