Retrenchment tax & notice pay

  Written by Nicci   Posted 8 March 2016

If your retrenchment package is notice pay that you are required to work out, is it eligible for a tax directive? or is this only applicable to severance of ex-gratia? Does it need to be paid in one lump sum?

Thanks

Refund after how long

  Written by Marc   Posted 7 March 2016

How does it take to receive your refund after you submitted your proof of residents and 3 months bank statement?

Refund from SARS confirmed but not paid yet. How does SARS calculate refund on med expenses?

  Written by Marc   Posted 7 March 2016

I submitted my tax return through SARS eFiling on 20/11/2015 and it was confirmed that I am entitled to a refund but has not been paid yet. I only claimed for expenses listed on my medical aid IRP5 not covered by my medical aid so there was no strange claims made. However, if I remember correctly, the initial tax return after I submitted was the amount for those medical expenses but when I checked the status of that tax return now, It was almost R200 less. This also happened with my 2014 tax return!...

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Resignation benefit

  Written by Marc   Posted 7 March 2016

If I resign from my current employer would I be able to withdraw my pension. I do understand that there are tax implications. Thanks

SARS - my bank account detail change

  Written by Marc   Posted 7 March 2016

I need to change my bank account details with SARS. I work in PTA and live in PE. I went to SARS PE and they saidf I would be in a 4 to 5 hour queue before I could see a consultant. I left. How can I do the bank account change without going in to SARS?

If I have to go to a SARS office can I do this in any city?

If in PTA which SARS office(s) can I use.

Gross income is R8000 how much would I get as my net after tax

  Written by Marc   Posted 7 March 2016

How much would I get as my net income if my gross income is R8000p/m?

PAYE vs Provisional Tax

  Written by Marc   Posted 7 March 2016

I have a permanent job which caters for roughly 65% (660k) of my total gross income the other 35% (335k) is obtained by a business I run. Should I apply for provision tax and should my company be paying PAYE for me or should I be paying two payments as a provisional tax payer? How do I go about this if it is the case?

How much do I get taxed when I get paid R9000 p/m

  Written by Marc   Posted 7 March 2016

How much would I be taxed if I get R9000 a month?

Do I pay SARS if money is in Overseas bank account?

  Written by Nicci   Posted 6 March 2016

I just became a citizen of India. I work online. Payment is received via PayPal. So I do not have a South African employer. If I open an Indian bank account and direct my income into my Indian bank account instead of a South African bank account, can I still pay tax on that money via SARS? Or would I need to pay it via the Indian Tax system?

How long does a SARS audit take?

  Written by Nicci   Posted 6 March 2016

My documents were accepted on the 1st of February. I was told that I needed to submit additional documents. I did as of the 26th of February. How much longer before I receive a tax refund?

How much income tax do I pay on R5000?

  Written by Nicci   Posted 6 March 2016

How much tax will I pay on my salary of R5000?

SARS overpaid me - what can I do now?

  Written by Nicci   Posted 6 March 2016

SARS overpaid me several years ago as part of a bigger payment. I only became aware of this when I went to file the following year and was informed that I owe them a large amount of money. They did not tell me that that I owed them money as a result of overpaying me. I found this out recently on my own. The amount is such that I will never have this money in one place again and the only time I can reasonably hope to pay this back is when I retire with my pension. Now as a result of a mistake th...

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What is the tax rate for pensioners above 72 years with a pension income of R 200 000 per annum?

  Written by Nicci   Posted 6 March 2016

My mother is a pensioner with a pension income of R 200 000 per annum. Is she supposed to pay tax on pension money?

Tax payable on GEPF resignation.

  Written by Nicci   Posted 6 March 2016

If I resign from GEPF what is the tax on R2100000? I started contributing in 1984 for 32 years.

Is SARS using delay tactics to pay out money?

  Written by Nicci   Posted 6 March 2016

I was notified that my assessment was complete and SARS owed me money. 60 working days after the claim, I have been asked for the same supporting documentation required in the first place. Is this a delay tactic to pay up?

How much tax I must pay?

  Written by Nicci   Posted 6 March 2016

I earn R6,188. 80 per month, so I would like to know how much tax money I must pay?

What deductions are allowable against the proceeds for CGT calculation?

  Written by Nicci   Posted 6 March 2016

I need to use the 20% of proceeds method to do my CGT calculation. What are the allowable deductions that I can deduct from the proceeds?

Tax refund delay

  Written by Nicci   Posted 6 March 2016

It's been three to four weeks I submitted my tax returns and promised I'll get my refund but nothing to this day.

Pricing

  Written by Marc   Posted 4 March 2016

Good day. I would like to know how the pricing works? Is it a once off fee for unlimited tax returns? Or is the pricing based on a single tax return?

New PTY (LTD)

  Written by Marc   Posted 4 March 2016

We have recently started a business which has been registered as a PTY. We will be needing tax advice from time to time. Is Ask Tim suitable or should we look at appointing an accountant who specialises in businesses?

Am receiving a divorce pension settlement of R 200,000.00, what tax will be payable on this?

  Written by Marc   Posted 4 March 2016

I am receiving a divorce pension settlement of R 200,000. 00, what tax will be payable on this?

What is an IRP5 and what documents do I need to submit a tax return?

  Written by Marc   Posted 4 March 2016

What is an IRP5? I worked last year for seven months and my salary before tax was R16777. I have never submitted a tax return before and am pretty sure I am under the threshold but I want a refund, but have no idea what to do. I didn't receive medical aid or any benefits. Please help.

All the tax etc I must pay on the R95000 from my unnity

  Written by Marc   Posted 4 March 2016

I want to cash in my Retirement uinity policy Why is it neccesary to give my annual gross numeration
on the form I am 58 years old My policy amount is R95000 How much tax etc, must I pay over to SARS
Thank you

Need to know about my taxable earning

  Written by Marc   Posted 4 March 2016

I need to know if I do have tax money. I'm not working any more. What must I do to get my taxable earning?

Providend fund CC contribution

  Written by Marc   Posted 4 March 2016

How does company benefits work when a company deducts providend fund form your salary? Do they contribute a percentage with the employee or does the employee pay 100%?
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