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Salary / IRP5 Posts in Tax Q&A

2 examples of indirect taxes and current rates

  Written by Marc  

2 examples of indirect Taxes and indicate the current rates of taxation on each?

Value added tax

  Written by Marc  

Using an example , explain the basic principal of value added Tax?

Tax on leave payout and which law governs the tax deducted

  Written by Marc  

What amount should you get taxed on for leave payout if it is paid out separately and not with your monthly salary? Is it suppose to be taxed as a lump sum using code 3605? What law governs the tax deducted for this? would it be a SARS law or a LRA law? Please advise

Does pocket money count towards the R100,000 donations threshold?

  Written by Marc  

I am giving my son R100,000 and putting it into a fixed deposit account to save. I know this is the maximum donation I can give to him without me paying tax. If I also give him an allowance of R1500 per month for pocket money into his current account and this is obviously spent every month on necessities does this count towards the R100,000 allowance?

Do I need to submit tax return, back in 2013 if I earned well below the threshold?

  Written by Marc  

I've recently submitted my 2015 tax return with Tax Tim. After phoning SARS - they mentioned that my 2013 tax return was outstanding. I only worked for three months of that financial year and accrued an income of WELL BELOW the threshold. Do I need to submit this tax return? Will I get penalized?

What papers do I need if I worked abroad and want to submit my tax?

  Written by Marc  

What documents do I need to submit my tax return if I worked abroad

Can my retirement annuity and charity contributions paid by my spouse be claimed by my spouse

  Written by Marc  

Unemployed for past financial year and spouse paid my retirement annuity contributions and donations . Can he claim my retirement annuity contributions and donations against my spouses tax

No tax income ductions, do I get tax return?

  Written by Marc  

I am not a income taxpayer but I want to know, do I get tax return money?

What numbers do Tax refernece numbers start with?

  Written by Marc  

Hi. What are the 1st qualifying digits on a Tax Reference number that separate it from all the other SARS numbers. Ie. What numbers do Tax reference numbers start with?

Completion of tax assessment to SARS?

  Written by Marc  

Can you please complete my tax assessments for the years 2014/15 and 2015/16? Can you please indicate the price you will charge me?

I had surrendered a policy, where do I put this in my return?

  Written by Marc  

I had surrendered a policy a few months ago. Where do I put this in my return?

You have not ask me the amount next to code 4149

  Written by Marc  

You have not ask me the amount next to code 4149

Balance on assessed account R11288.68

  Written by Marc  

What is the meaning of - The current balance on your assessed account is R11288. 68.

How much PAYE should I be paying to SARS?

  Written by Marc  

I started working in June 2014 and I am not sure how much tax I should be paying (PAYE) and whether I will fall withing the 2014/2015 tax season as I started working in June of last year. I have tried to use the calculators but I am not sure I understand. Assuming that I earn R300000as total annual package, from which I contribute towards my own pension fund. What is my estimated PAYE amount monthly?

Do I have to file a tax return with SARS?

  Written by Marc  

My Name is Ali I want know about tax return am working from July 2013 my pay was R13 000 now currently on getting R16 800 am eligible or tax return or not ?

No IRP5 received from ex-employer?

  Written by Marc  

My previous employer hasn't reconciled with SARS and hasn't provided IRP5 for 2012 and 2013. I have been to SARS and previous employer and get pushed from pillar to post. What do I do?

Provident fund tax - beneficiary

  Written by Marc  

I have received some money from my partners provident fund, he is deceased. I have only received tax directive from his provident fund insurance, which is on his name. What else should I submit at sars for this, or the tax directive on his name, is it okay?

Can I submit tax return whilst I'm retrenched

  Written by Marc  

I was rentrenched now in May the 6th is it necessary for me to submit my tax return for refund

Two employers - how does tax work?

  Written by Marc  

If you work for 2 different employers within the same tax year, will you get a refund. The first job was a contract and it expired, now I am permanently employed somewhere else.

Gmail

  Written by Marc  

Ek kry noe n irp5 by my werkgewer ni maar betaal elke maand tax hulle se is nie nodig dat ek dit moet kry nie die bedrag wat ek betaal os R462. 58 . Kan julle my nie help nie

Its on my pay as a normal deduction, but shows as capped on the year to date totals (R810) why?

  Written by Marc  

I have been paying R2687. 00per month, for medical how much is the tax rebate on this, I am 61yrs old

DO I HAVE TO DO A TAX RETURN

  Written by Marc  

HI I EARN +- 244. 000 PER YEAR ALL INCLUSIVE AM I STILL REQUIRED TO FILL IN A TAX RETURN

Medical expenses paid cash

  Written by Marc  

Im permanently disabled and get an income continuation benefit every month from an insurance company. I asked the doctor to complete a ITR-DD confirmation of diagnosis of disability form. Will I then be able to claim medical expenses paid by myself at 100%??

Employer deducting more PAYE than they should

  Written by Marc  

My current employer is deducting more tax than what they should on my salary. I have complained and they say that their system is programmed to do that. I have used several tax calculators even the SARS one but it still proves that I'm paying about R700 more for tax. Please advise if SARS will refund me back this money (all the R700 paid for each month?)

Refund on Tax paid?

  Written by Marc  

I recently withdrew my pension fund as at end Jan 2015 due to resignation from my previous employer. It was the first time I withdrew a pension fund. Is that not going to have a negative effect on getting a refund with SARS for this tax season?
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