Forgot to submit travel details
Posted 24 March 2017
I have submitted my tax return, but I forgot to include the details for my travel allowance (3702), i.e. vehicle details and logbook details. An ITA34 was issued. How do I submit a revised tax return?
Assistance with Company Tax Submissions
Posted 23 March 2017
I would like to know if you assist with company tax submissions as well as employee UIF/Tax/PAYE? We need to do our fist tax returns and staff UIF etc
IRP5 submission dates
Posted 22 March 2017
When must the IRP5 be submitted this year?
Set-off: Tax loss of different trades
Posted 22 March 2017
As an individual can I set-off a trade loss from a trade (such as a coffee shop, which I am trading as a sole proprietor, 1st year of trading) against my other taxable income being a salary and rental income.
Why Register for an Income Tax Number
Posted 20 March 2017
I earn R6000.00 a month. My employer told me that everybody has to register and have a tax number, regardless if you earn under the threshold and don't pay tax. What's the reason that we all have to register for an income tax number, is this correct?
Claiming at SARS
Posted 20 March 2017
My mom was working as a teacher at ABET school. May I go to SARS and claim her tax money?
Tax for a Contractor working from home
Posted 17 March 2017
We have a contractor that's working from home. He primarily does work for our company. How does tax work, do we need to submit an IRP5? We've been paying him directly without deducting any PAYE or TAX
Living in Namibia, but working for a company in SA.
Posted 17 March 2017
I live in Namibia, but work for a South African company.
I'm a South African citizen. Under the new changes brought in with the budget, how will my tax work? I'm still working for the same company (I have been working for 7 years in total).
Provident Fund Payout
Posted 16 March 2017
I cashed out my Provident Fund when I left my previous employer, I was there for just under 2 years. I paid a higher tax as the first R25000.00 subject to the tax rule of: 18% of lump sum exceeding R25000.00
The financial services company explained that because several years ago I cashed out a portion of my provident fund historically, I don't qualify for the tax exclusion. Is this correct?
Retirement Annuity Premiums
Posted 14 March 2017
How's Tax calculated on a monthly bonus?
Posted 28 February 2017
I'm entitled to a monthly bonus. Our salary is split into salary (75%) and monthly bonus (25%). So my salary advice states salary and monthly bonus. How is tax calculated on a monthly bonus? How does it affect the tax calculation on the additional yearly bonus?
How to enter a severance payment in my provisional tax return?
Posted 28 February 2017
I'm doing my provisional tax return and received a severance payments during the year as part of a voluntary retrenchment. My employer applied for a tax directive which was successful and I received the lump sum pay-out with the tax benefits associated on the sliding scale. How do I deal with this in my provisional tax return? If I enter the severance payment gross amount, the SARS eFiling system calculates taxes on it using the normal tax tables (it gets calculated at the highest marginal rate...
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Can my company add rental car fuel to my car allowance?
Posted 28 February 2017
If I have a car allowance and on occasion I am required to use a rental for business travel after flying to a far destination, can my company add this fuel cost to my car allowance and withhold taxes on fuel used in the rental vehicle
Will the reason given on a tax directive affect SARS's decision?
Posted 24 February 2017
Will the reason given on a tax directive affect SARS's decision; if the severance benefit is being paid out as a result of a voluntary settlement between employee and employer, is SARS less likely to grant the directive?
We earn little so should we be taxed?
Posted 23 February 2017
I work for a small company and all of us earn salaries ranging from R3 000 to R4 500 and only the owner earns R25 000. So now the company wants to register for PAYE and UIF. So after reading through most of your articles and many other ones online I discovered there is a minimum amount per year that you have to earn and none of us reach that amount except for the owner. So does this means that the company can register for all those but not deduct anything from the rest of us but himself?
How will tax work on my bank account with other peoples money in it?
Posted 21 February 2017
Me and five members of my family want to start investing. Before the profits will be paid out the company that does the investments does the tax part on it and then pay us the profits. What I want to know is, if they pay the family members profit into my bank account with my profit will there be any problems with tax on my side because all the money is going to my account. The company will send each of us an IRP5 at the end of the season so that each of us can fill in our tax return.
Getting paid in dollars
Posted 20 February 2017
Hi, I am working for an overseas startup. I get paid in dollars. For the last six months I have been getting $500 a month. Starting this month I will be getting incentives as well. It is below the salary for tax but I'm not sure how it works with an overseas company?
Is this allowed by SARS?
Posted 20 February 2017
Can I contribute 27.5 of my income to a pension even if my employer only allows me to contribute 10% through them to our work pension fund?
Tax on CCMA settlement
Posted 17 February 2017
I am about to receive a CCMA settlement and was told by my previously employer that I will be taxed on it, is this right as this will be my first income after 8 months of fighting for it?
Are foreign students required to pay tax on their earnings for part-time work?
Posted 17 February 2017
My son is a foreign student studying for his degree at a South African University. He has a valid Study visa and is permitted under this visa to work 20 hours per week. His employer wants to pay him a salary of R10,000 per month. Firstly does my son have to pay tax on this and if so, how does he register with SARS without a SA Identity document?
Do I need to file old returns to obtain refund, even if I fell below the tax filing threshold?
Posted 17 February 2017
SARS want to me file all my previous tax returns in order to receive my refund for this year. In 2011 I tutored at a university and earned below the tax filing threshold and therefore did not file my tax return. How do I file my tax return now for 2012 or how do I show SARS that I didn't need to?
I need copy of IRP5 from 2008 to 2009
Posted 16 February 2017
Hi I am in process of immigration to Australia and my case officer ask me for my IRP5 for a formal employer it was since 2008 and I am not sure that I got it or not is there any way I can get electronic copy
Paying double tax on pension
Posted 16 February 2017
I get paid a monthly pension from my late husband's employee benefits, on which PAYE is deducted. On the annual tax statement and the details that get sent directly to SARS, it will show the full gross pension for the year, less the PAYE paid. Why then, does the net pension amount (after PAYE) still get included in taxable income for the year? Surely I am then paying PAYE as well as another layer of income tax on the remainder, i. e. On the net income? My tax assessment shows the taxable pension...
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What deductions are allowable for a salaried employee who works from home?
Posted 15 February 2017
I am a monthly salaried employee and my employer deducts PAYE. However, my salary is based on an hourly rate with no fixed base, i. E. No work, no pay, and varies from month-to-month. I work 100% from home and am responsible for all work-related expenses. Can I claim a percentage of my rates and taxes, electricity and telephone?
Deregister foor provisional tax
Posted 14 February 2017
I am an estate agent and earn only commission income. I am registered for provisional tax, but my employer has now started to deduct PAYE from my commission. Can I now deregister for provisional tax?
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