Calculation of PAYE
Posted 7 October 2015
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?
Posted 7 October 2015
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
Posted 7 October 2015
Will you check if I am being audited and if how much is due to me?
I lost my IRP5
Posted 7 October 2015
Can I do my tax return without my IRP5?
Why has SARS not given money up to now?
Posted 7 October 2015
I submitted and received a message that SARS gave me money and released into my account, but it is more than two months now and the money is not there. Help!
Claiming back tax, how do I do it and how does it work?
Posted 7 October 2015
What does tax returns include? I'm new in the employment sector and I don't really understand how this works. I know that I pay tax every month over R1000. Last year I was also taxed for a seasonal job I did as a student, being an exam assistant for the department of education in the eastern cape and I was told I can claim back my tax, how do I go about doing that? I am just interested in knowing how to claim tax back.
I am paying to much tax, what now?
Posted 7 October 2015
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?
Posted 6 October 2015
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?
Posted 6 October 2015
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?
Travel expenses self-employed
Posted 6 October 2015
If I am self-employed - how do I claim for travel expense when completing my Tax tax return?
PAYE monthly deducted from a monthly salary of R20000
Posted 6 October 2015
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
Posted 6 October 2015
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?
Posted 6 October 2015
Do cleaning services qualify as a deductible expense when you work from home?
Will I eventually get the money owing to me or will there be another problem
Posted 6 October 2015
I have money due to me by SARS. After phoning and requesting why my money was not paid to me I had to go in with 3 month bank statements, certified copy of my id and proof of residence. After still not getting the money due to me I was told to email SARS stating I was not working 2008 and 2009. After doing so I received a call saying I now need an affidavit stating I wasn't working those years. I now have to go back and sit in those queues. The funny thing is the last 3 years I owed them money t...
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Register Yes or No for a company?
Posted 6 October 2015
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
Posted 6 October 2015
I have to claim my monies from my previous employer so they want mentor have a tax number. PLEASE help me
CGT tax rebates
Posted 6 October 2015
How does capital gains tax work on shares. I sold shares and need to calculate the CGT. The base cost is R99 per share. Do I get a rebate? Is this a once of rebate or a yearly rebate?
Difference in tax treatment if employee went on Business visa
Posted 6 October 2015
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
Posted 6 October 2015
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
Provident fund value not reflected on IRP5
Posted 6 October 2015
My IRP5 does not reflect my provident fund value. Please advise if the new ruling is that no tax on provident funds be deducted by employer. Year/2014/2015. I have a huge amount to now settle SARS
Notice of Objection supporting documents
Posted 6 October 2015
Hi Tim. LOVE your site. So helpful! Just a question. We submitted a Notice of Objection on 3 August. They came back (finally) 29 September... Requesting supporting documents (docs we have already submitted b. T. W) so I resubmitted. How long now till they look at the supporting docs? Can I expect another 2 month wait?
DSTV Subs- can one deduct for tax?
Posted 5 October 2015
Can one deduct your DSTV Subscriptions and to what extent if one if an Investment Adviser?- Channels that I must have is Bloomberg, Business Day TV, CNBC Africa
How much tax is required if you earn R17500 per month
Posted 5 October 2015
What is tax figure if you earn R17500 monthly and you contributing R810 provident fund
Subsistence Allowance
Posted 5 October 2015
We give our employees a subsistence allowance of R 120 per night spent away (Meals and incidental) from home. From my knowledge, I know that this this allowance is not taxable thus no employees tax may be deducted from the subsistence allowance regardless of whether the deemed amounts have exceeded or not. Is this correct?
Mistakenly requested a correction
Posted 5 October 2015
I filed my tax return but then by accident requested a correction. Do I need to file again or will SARS work on the first submission?
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