UK pounds income, how do I declare it?

Posted 27 January 2017

I earn my salary in UK pounds< can you tell me how I'd declare this please?

Where can I get my tax number?

Posted 27 January 2017

I need my tax number, can you tell me who else can help me other than SARS as I am unable to call them now?

Do I qualify for a medical tax credit?

Posted 26 January 2017

Do I still qualify for a medical tax credit if I am on my mother's medical aid?

Import VAT claim

Posted 23 January 2017

I have just registered my pty Ltd this January 2017 and I need know what tax should I collect for SARS when invoice clients for the products I will be selling. When I registered my company at CIPC I received a doc from SARS for the company named income tax., do I use this when invoicing on the place of VAT is this the inc Me tax I should collect for SARS from clients? Thanks

Can I claim back the tax I pay on my travel allowance?

Posted 23 January 2017

I have a code 3701 on my IRP5, can you tell me how the tax is calculated on the amount please?

Can I claim for all 3 vehicles I used on my tax return?

Posted 20 January 2017

I've changed cars during the tax year, how should I handle my travel allowance calculations and log book?
1) How would I should I go about maintain my log book? should I keep a different one for each vehicle. 2) I have also leased a vehicle whilst waiting for my new vehicle, how should this be recorded?
3) How should I cater for my new Vehicle in my tax return if the new vehicle cost is greater than my old vehicle?

Can you tell me how much tax I'll pay please?

Posted 19 January 2017

How much is my PAYE if am earning R7600 per month?

Pension contribution can I claim for it?

Posted 18 January 2017

If I contribute towards a pension fund via my employer, can I get a tax deduction for it?

IRP5 not submitted by employer

Posted 17 January 2017

if my employer did not submit their reconciliation, can SARS keep employees liable for this and issues penalties?

Do I become a provisional tax payer once I am permanently employed?

Posted 17 January 2017

I recently accepted an offer to be permanently employed at the same company I was contracting at initially, do I now became a provisional tax payer as I paid employees tax before?

Tax refund on a bonus

Posted 17 January 2017

I received a sign on bonus in the year 2017 provided I do not leave in 3 years. Now I am leaving the company in 6 months and paying it back. I will be leaving in the next tax year. How do I claim back the tax on the amount

Can I submit my husband's return on his behalf?

Posted 16 January 2017

I received an SMS telling me that my husband didn't file from 2011 till 2013.He passed away in 2015, can I submit these returns for him?

How do I pay tax on my foreign earned income?

Posted 26 December 2016

If I work for a USA company and earn e.g. $65,000 per year and the company does not have a brand and or is not registered in South Africa, what is the tax process?

I imagine - (please correct me). I receive full amount monthly and need to register as a provisional tax payer and pay SARS normal PAYE twice per year? Note I will not be traveling more than 183 days per year. Is there a possible benefit of registering a business and paying myself from the business a lower amount?

Can claim depreciation for my personal car?

Posted 14 December 2016

Is it possible for me to claim depreciation for using my personal car to go to work? I do not receive any car allowance.

Do I need to declare tax on bitcoin earnings as a non-resident?

Posted 7 December 2016

I am a Temporary resident in South Africa using a work permit. I have a permanent Job and pay income tax from my salary. I however started trading different gift card codes in the US and UK online for bitcoins and have made a lot of profit in the last 8 months(well over R100k). These funds were in bitcoins which I later withdrew to my Absa account. Do I need to declare tax on these earnings as I am a non resident.

How much tax will I pay if I trade in forex?

Posted 4 December 2016

What are tax rates for South African retail forex traders?

Does SARS allow anyone to claim medical deductions?

Posted 30 November 2016

My wife and I are married out of community of property and we are both normal salary earners. My wife is the primary medical aid member and pays the premiums from her account. She claims all our medical expenses with her tax return and usually get a significant amount back. Would it make sense to split the medical costs in half and each claim that on our tax returns? Or if one of us earns more than the other, who should be making the claims/be main member (especially if one of us falls marginall...

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After I select a TaxTim package can I go back and upgrade it?

Posted 28 November 2016

Can I upgrade my Lite account to a Smart account?

When am I allowed to claim for my business traveling?

Posted 24 November 2016

If I am an individual working for an employer through a contracting house, can I claim a travel expense for the distance traveled to a client? Do I need the contracting house need to include a specific travel allowance item on my payslip?

Can I submit old returns with TaxTim's help?

Posted 22 November 2016

Is there any way to fill in tax returns from 2011-2015? I have been able to successfully file for the 2016 tax period. For the period from 2011 to 2015 as was a salaried employee and had no other additional income. My income tax over the period was fully paid as my employer was responsible for paying this directly to SARS. Is it possible to file for previous years? Are there likely to be any penalties, and are is still possible to claim for previous deductions such as pension fund contributions ...

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Professional/ Registration and Medical insurance paid, can I claim this back from SARS?

Posted 19 November 2016

I would like to know where do I add in my Professional fees paid to the HPCSA and MPS, then also educational courses done and paid for.

Can I apply the 183 rule to my income?

Posted 14 November 2016

I worked in RSA as a full time employee from 1 March 2015 until 30 September 2015. During this time, I earned R660 000. During this time, I was out of the country for 60 days, for business. From 1 October 2015 to 29 February 2016, I worked in the UK as a full time employee of a UK organisation. During this time, I earned R600 000 (in GBP). During this time, I was out of the country for 126 days.

During the full tax year, I spent 186 days outside of South Africa, of which 60 were consecutive, which means that I qualify for the exempt income provision (sec10(1)(o)(ii))...

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Medical Aid contributions, am I due a refund?

Posted 7 November 2016

I am on the Government Medical Aid Fund (GEMS). My employer contributes a portion and I contribute as well. Both amounts go directly off my salary as a lump sum monthly. How does this affect my tax refund?

Are retrospective changes to an IRP5 possible with SARS?

Posted 14 October 2016

I am an independent contractor and do consulting work for a number of companies at any given time. When the one company submitted the 2016 IRP5 they erroneously categorized my source code as 3601, instead of 3616 for independent contractors, hence I cannot claim costs. I have asked them to amend the IRP5 but they say they cannot because they have finished their tax recon and signed off on 2016 and can no longer make changes. Is this true? What alternatives do I have?

IS there a special code that I should capture on my IRP5?

Posted 11 October 2016

What code should I use on my IRP5 if I am a sole proprietor providing management and labour law consulting services?
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