Do students in a learnership pay tax?

Posted 30 March 2016

I'm in a learnership. I get paid R3,120 plus R1,500 accommodation. The total is R4,620 per month. Do I pay tax?

Do I qualify for Turnover Tax?

Posted 30 March 2016

I work as a sole proprietor in the travel industry where I earn commission. I work from home and have to look for my own business but I work through a travel agent who collects the money on my behalf and they pay over my commission monthly. Can I register for Turnover Tax? My income is below R1m per year but I am worried that I may be classified as a personal service provider as more than 80% of my income comes from one source namely the travel agent and not the individual clients.

How do I gain access to company's Efiling profile?

Posted 30 March 2016

I am the director of a company, whose tax was done by a tax practitioner, with the company on their SARS eFiling profile, I did not have shared access. The company's tax has since been transferred to a new tax practitioner for various reasons. The initial practitioner has indicated that he has transferred the profile, but has in fact not, and is refusing to assist me further. Could you advise on how I can gain access to the companies Efiling profile?

Authorization of financial statements

Posted 30 March 2016

First question: Is it compulsory for me to have my financial statements signed off by a CA? Can I compile my own company's financial statements and submit them to SARS?

Second question: How do I register as a small business corporation with SARS?

Please clarify treatment of the change in tax free portion of pension withdrawal from R315,000 to R5

Posted 30 March 2016

If I at retirement (2013) withdrew a third of a Pension Fund that amounted to R600 000, when the tax free portion was R315 000, will I now be able to get the other R185 000 (Now that the tax free portion is R500 000) as a tax free portion if I retire from another Pension Fund?

What is the 2016 tax submission deadline?

Posted 30 March 2016

When are the Year end tax submission due? Or rather when is the dead line?

How to obtain a tax number if I live with my daughter?

Posted 30 March 2016

I have never been a tax payer before and have never worked. I am 60 years old. I do not have a utility bill nor any proof. I reside with my daughter who looks after me. How do I obtain a tax number?

Provident fund taxable fringe benefit

Posted 30 March 2016

When I captured the details of the monthly salary expense it calculated the following:
Gross salary: R16 772. 83
Included in gross salary is R1 500 provident fund contribution by the employer. Net salary calculated was R13 500. The provident fund contribution is a taxable fringe benefit from 1 March 2016, however, where was it taxed?

How to file a nil tax return for a business?

Posted 30 March 2016

How does an individual who hasn't worked for anyone and has no source of income - but yet has a registered business and is not currently trading - declare their zero tax return to SARS?

Do I need to transfer service contracts from personal account to my company?

Posted 30 March 2016

I recently registered a business. I however still run an online ecommerce site where the proceeds go to my personal account by way of EFTs, Cash, SnapScan and PayFast. I also pay vendors from my personal account. Can the net profit simply be transferred to the business account for tax purposes or do I need to re-register all of the above services with the company details. The ultimate goal is of course to avoid having a large income tax from both a salary and this 'sideline' ecommerce store.

SME Tax

Posted 30 March 2016

Do you also do small business tax? How much would cost for a small business tax? can I hire my unemployed family and friends and deduct their salaries from my revenues? And what would constitute proof of employment of these friends to SARS?

How can I submit a backdated ITR14 form?

Posted 30 March 2016

I am currently in the process for applying for a VAT number for our company. I was told by the SARS office that I need to submit my ITR14 Returns for the years 2013, 2014 and 2015. Now I've gone and registered for SARS eFiling. I've found the place where I am supposed to fill out the form but I don't see where it would give me an option to select the year that I am doing the tax return for? Do I just backdate the date at the end of the form?

Can't acquire irp5 from previous employer before emigration

Posted 29 March 2016

My previous employer liquidated on 12 February this year & the liquidation hasn't been completed yet. I am scheduled to move to work in Dubai in mid April on a 3 year non binding contract and I am wondering what would be the best solution to file my tax returns for the 2016 tax year?

Just in case I am unable to acquire the liquidators details before I leave for Dubai? Or what can I do if the liquidator does not send me the IRP5?

Never claim tax refund since 2006 untill now can I claim for all those years

Posted 29 March 2016

I have started working in 2006 but I never claim tax refund is possible for me to claim for all those years?

Are Lotto or competition winnings taxable?

Posted 29 March 2016

Do you get taxed if you win money, say through a competition or the lotto, and how much or how do you calculate the amount it will come to?

Need to bring tax returns up to date

Posted 29 March 2016

I have been working full time for about 4 years now. I have never submitted a tax return due to complete ignorance on my part. I have a few questions:

1. What is the best way to rectify this situation?
2. Will I definitely have to pay penalties? What is the probability of having to pay penalties?

Soft copy of ITR12

Posted 29 March 2016

Can you send ITR12 form to your email address?

Tax Clearances

Posted 29 March 2016

How to request tax clearances on e filing?

Am I liable for paying tax on foreign monetary gift?

Posted 29 March 2016

I have been receiving a monthly monetary gift from my ex boyfriend who lives and works in the USA. He is not a South African tax payer and I am. This money is for my living expenses since I resigned my job in SA on his insistence (he had proposed) however our relationship didn't work out and I am in SA without a job or an income.

Can't acquire IRP5 from previous employer before emigration

Posted 29 March 2016

My previous employer liquidated on 12 February this year and the liquidation hasn't been completed yet. I am scheduled to move to work in Dubai in mid April and I am wondering what would be the best solution to file my tax returns for the 2016 tax year?

Just in case I am unable to acquire the liquidators details before I leave for Dubai? Or what can I do if the liquidator does not send me the IRP5?

Minor's tax obligations on inheritance

Posted 29 March 2016

If a minor child inherits - how much do they have to earn before they must be registered for paying tax?
If they are not liable for tax, does one as the parent still have to notify SARS that they have funds invested?

What are the SARS obligations and benefits for a taxpayer aged 74 years for the 2015/2016 tax year?

Posted 29 March 2016

With regards to your post of 23 July 2012, about retirees aged 65 years and older: have there been any changes since then in SARS requirements for tax returns for the 2015/2016 tax year, or not? What benefits can such a taxpayer expect? What is the taxable threshold for a taxpayer 74 years of age (turning 75 in June 2016)? Where do donations fit into all of this?
1. Main source for living expenses is interest income. 2. Medical aid premium is paid by the retiree in full, in addition to medical expenses which go beyond medical aid benefits. ...

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How to treat RA contributions which are not allowed as a deduction

Posted 29 March 2016

Can the excess amount of retirement contributions which are carried forward to tax years be offset against tax payable on lump sum pension payments?

Complying with EMP201 and EMP501 submissions without using Easyfile

Posted 29 March 2016

We are a small start-up company with 2 employees. We have to complete EMP201 and EMP501 tax returns and pay over to SARS and UIF and IRP5. I am not familiar with Easyfile but it seems cumbersome and complicated. I do not want to do manual submissions. Is there a simple way of complying through E-filing?

How to check that PAYE is paid?

Posted 29 March 2016

How can I know my employees pay my tax?
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