Tax legislation allows taxpayers to claim certain expenses incurred during the year against their income. The type of expenses that can be claimed depends on the type of income received.

Expenses that can be claimed:

• Pension fund contributions
• Retirement annuity fund contributions
• Provident fund contributions (only from 1 March 2016)
• Legal costs – under certain qualifying circumstances
• Wear–and-tear – in respect of certain assets
• Donations – to approved bodies
• Repayable amounts – amount received for services rendered as refunded by that person
• Bad and doubtful debts – employment related.

Taxpayers earning commission income should refer to Section 11(a) of the Income Tax Act No. 58 of 1962 to determine the allowable expenses they can claim. We are able to do this on behalf of those who earn commission income.