Your IRP5 is proof that you paid your monthly taxes due for the year of assessment. The form basically acts as a receipt and without it, you cannot claim the credit that you have been accumulating from your monthly payments. That means you cannot prove that you paid those taxes in advance and essentially you […]
What Happens If I Do Not Get an IRP5 From My Employer? Read More »
Like most, I’m sure it is very disheartening to see your salary being reduced from what was agreed to as per your job interview or contract to what actually finds its way into your bank account net of tax. So, what exactly are we even paying for? What is Tax Used For? This is where
Why Is Tax Necessary Read More »
Simply put, an IRP5 is a certificate which is required by law to be submitted to SARS which outlines exactly how much your employer remunerated you for services rendered. What Does the IRP5 Include? This can include your salary, any travel allowances, other benefits from the job, bonuses and commission income received during the tax
What is an IRP5 credit or a PAYE credit? Read More »
What Makes Up a Refund? Ever wondered why in one year you received a refund in and yet in the next year you are asked to cough up the money? Why the change from year to year if your salary has barely changed, has your employer not paid enough on your behalf? As previously stated,
Why don’t I always receive a refund? Read More »
