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Salary / IRP5 Posts in Tax Q&A

My tax number please for work?

  Written by Marc  

I'v got a new job,now they want me a tax number,I don't remember it.

UNDER 65 PAYE 2005 R4500 NET SALARY

  Written by Marc  

What was the paye amount for an individual under 65 years of age earning 4500 NET IN 2005??

Unemployed

  Written by Marc  

I was retrenched and I'm presently unemployed. I'm living on the interest from a lump sum investment which amounts to about R8000 per month. Do I need to pay tax?

SUBMITING A REVISED ASSESSMENT WHEN THE AUDIT HAS BEEN FINALISED AND THE REFUND PAID ALREADY

  Written by Marc  

i submitted my 2015 tax return, and was selected for audit. the audit has been finalised and the refund was paid. however now i just realised that i for got to declare some information on my tax return. is it possible for me to re-submit the tax return again.

Meaning for source code 4102 , a PAYE Credit of R13808,30 has been assessed against your.

  Written by Marc  

Meaning for source code 4102, a PAYE Credit of R13808,30 has been assessed against your ITR12 tax return. What is the meaning?

What are those supporting documents that I need to submit

  Written by Marc  

I have received an email from SARS saying my income tax has been identified for verification and I must submit my supporting documents on my SARS eFiling. What are those supporting documents that I need to submit, if I don't have invoices,medical certificate or travel book. Is it the IRP5 still a supporting document?

Audit Review

  Written by Marc  

Hi Tim

I was retrenched and received my provident payment in March or April 2014 so now for 2015 submission I submitted the provident IRP5 and I also started with a new company in October 2014. The provident fund irp no tax was deducted but for my new employer there was but is was for total income less than R75000 for the 4. 5 months. I filed my tax return and now I received a letter for Audit review. From the looks of the calculation it seems SARS needs to refund me, how long does th...



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Gift of GBP

  Written by Marc  

Please would you let me know what the tax implications are for receiving a gift of GBP4000 into my RSA bank account. Thanks very much.

Did the employer calculated my PAYE correctly?

  Written by Marc  

Please assist with these calculations:

I earn 31650 pm = 379800 pa (no other benefits). On resignation an amount of R14240. 31 was due to me for leave days. A further bonus amount of R28 485 was to be paid plus R 1360 for travel claim. My payslip reflects a PAYE amount of R20691. 76. Is this correct? I think the employer got it wrong.

Is deducting PAYE and UIF from non S.A Citizens with no work permits permissible ?

  Written by Marc  

Can PAYE and UIF be deducted from non South African citizens who do not have work permits?

Refund tax

  Written by Marc  

I recieved a sms on 22/09/2015 of a refund who can I go about

Calculation of PAYE

  Written by Marc  

Calculation of PAYE. Earnings include allowances(standby, acting, travel and cellphone). UIF, medical aid and pension fund are deducted.

Retirement annuity contributions - do I add two amounts next to 4006?

  Written by Evan  

I have received a tax certificate from Liberty regarding my retirement annuity. It states the total contributions I have made, SAID code: 4006. My employer also contributes to my retirement annuity and there is also contribution stated on my IRP5 with SAID code: 4006.

Do I add these two totals together or is the total contributions I made on the certificate from Liberty added separately?

Check if audited

  Written by Evan  

Will you check if I am being audited and if how much is due to me?

I lost my IRP5

  Written by Evan  

Can I do my tax return without my IRP5?

I am paying to much tax, what now?

  Written by Marc  

I did the tax calculator and my company is subtracting 5 times the amount of tax that I should pay from my salary each month. When I asked them About it they said they have a system that works it out and didn't want to help me. What should I do now?

What are the requirements to claim vehicle depreciation?

  Written by Marc  

What are the income requirements to claim vehicle depreciation?

If commission forms about 25% of my yearly income, and my vehicle is used extensively to travel between clients (core part of the job), can I claim depreciation of my vehicle against my income?

I don't receive any travel allowance or fuel etc. I keep a logbook and can prove travel % to work/personal. Thanks.

Can I submit receipts after SARS has already done my tax for 2015?

  Written by Marc  

I went to SARS and they did my 2015 tax. They said they owe me some money. But what I would like to know is can I submit my medical receipts and RA tax certificate still? I forgot to take it with me and submit them. Is it too late?

PAYE monthly deducted from a monthly salary of R20000

  Written by Marc  

How much PAYE monthly deducted from a monthly salary of R20000

When does one register for provisional tax, before you earn or after you earn money

  Written by Marc  

Provisional Tax
Do I earn say R8000 for the first 6 months first
Then register to pay provisional tax
Forex Trader Starting soon

Are cleaning services deductible as an expense when you have a home office?

  Written by Marc  

Do cleaning services qualify as a deductible expense when you work from home?

Register Yes or No for a company?

  Written by Marc  

I am a bit undecided if I want to register a new Pty Ltd due to all the tax requirements. For the moment there will be no employees as it will be a part time business for myself in which I will provide financial services and consulting. Please assist in advising me if I will need to register for PAYE and also income tax, even though the business will be very small and start off with less than R50 000 income per annum?

Tax number

  Written by Marc  

I have to claim my monies from my previous employer so they want mentor have a tax number. PLEASE help me

Difference in tax treatment if employee went on Business visa

  Written by Marc  

Dear sir,

If an employee goes to South Africa on business visa and receiving allowance there only, tehn what will be the tax implication on that income in South Africa

Car Allowance Cap Limit

  Written by Marc  

To whom this may concern. I have a question regarding car allowance. If the allowed car allowance based on value of the car, total mileage and business mileage comes to R100,000 but the car allowance claimed for the entire year is only R66,000, does that mean SARS will only authorise (CAP) car allowance of R66,000 or R100,000
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