What is a Tax Deduction?
Definition of Tax Deduction – A tax deduction is an amount that can be deducted from your taxable income before you pay your taxes over to the receiver of revenue.
Examples of Tax Deductions:
- Mortgage interest
- Charitable contributions
- Medical aid contributions and expenses
- Travel allowance
- Retirement Fund contributions
Do you need assistance with your tax deductions? Contact Zeelie Professional Accountants SA
Tax services include:
- Annual Income Tax Returns
- Dividends Tax Returns
- EMP201 Employee Payroll Tax Returns
- EMP501 Employee Tax Reconciliation Returns
- Income Tax Registrations
- PAYE Registration
- Provisional Tax Returns
- Tax Clearance Certificates
- Tax Directives
- Tax Practitioner Service eg. SARS Liaison
- Tax Structuring
- VAT Registrations
- VAT Returns, monthly or every 2 months
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