How to Submit your ITR12 on E-filing Course – Individuals

How to complete an Income Tax Return – A Guide for Individual Taxpayers

What you’ll learn
How to submit additional deductions as a salaried taxpayer
How to input travel deductions with a vehicle fringe benefit
How to claim a home office deduction
Declaring rental income as a property owner

Requirements
No prerequistes required

Description
***Please note that this course relates to South African tax only***
With the tax season opening, it is important for every taxpayer to understand how their income tax return is filed and ultimately how their tax is calculated.
This session wishes to inform the taxpayer on the relevant inclusions and exclusions relating to their tax return elements.
Topics Discussed
Introduction to individual taxation and the current individual tax rates
Minor changes to the E-filing ITR12
How to submit additional deductions as a salaried taxpayer
How to submit your return as an independent contractor / sole proprietor
Claimable deductions as an independent contractor / sole proprietor
Expenditure deductible as a Commission Earner with an IRP5.
How to input travel deductions with a vehicle fringe benefit
How to claim a home office deduction
Including the S6C solar rebate on your return (applicable to 2024)
Declaring rental income as a property owner
Medical Aid Expenditure and how to claim
What qualifies as out of pocket medical expenses and how to claim these expenses
Claiming Expenses without a medical aid
Declaring medical aid scheme fees paid on behalf of another person
How to include capital gains
On the sale of primary residence
On investment property
On financial assets
Passive income such as interest received and the relevant exclusions
About the Presenter
Galanies Vonofakidis
Galanies presently serves as the Tax Team Manager at Finsolve Accounting and Taxation Solutions in Durbanville. She is currently pursuing her B-Compt in Financial Accounting at UNISA, with a cumulative experience of three years in the accounting industry.
Galanies is proficient in bookkeeping, completion of VAT returns, generation of management reports, and payroll management. She is presently engaged in a taxation role and is enthusiastic about sharing her knowledge through upcoming webinars!
Who this course is for
Employees, Managers, Financial Staff and Individuals