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Salary / IRP5 Posts in Tax Q&A

Will SARS be able to assist me with the documents since nashua mobile has closed down?

  Written by Marc  

Nashua closed down and where can I get my IRP5 as I need to submit to SARS for audit?

I need my tax number from SARS?

  Written by Marc  

I dont know my tax number. My Id Number is 8604165133084

Selling software and rights taxation

  Written by Marc  

I have been developing and maintaining various software throughout the past 4-5 years, I earn a income on the sale of 1 year licenses of these software and declare it as part of my normal monthly income and pay normal income tax on this. I have however been approached by a company wanting to buy the software and all the rights to it from me, how will taxation work on this? I am already being taxed to oblivion and beyond on the sales as I declare it as part of my normal income, would hate to have...



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What will my tax be?

  Written by Marc  

HOW MUCH TAX WILL I PAY MARRIED WITH 2 CHILDREN ON A GROSS SALARY OF R35. 000. 00?

What is gross salary for net salary of R22000.00

  Written by Marc  

What is the gross salary if the nett salary is R22000. 00

CODE 3805, CAN I CLAIM

  Written by Marc  

Hi Tim, can I claim on code 3805 as per my IRP5

Capital gains tax on sale of house?

  Written by Marc  

I bought a house in November 1999 for R275,000. It was my primary residence up to November 2014, since then I rented it out. If I sell it now for R1,000,000 what will the basic cost be? And the capital gains tax?

Tax calculation on retirement?

  Written by Marc  

I intend to retire at 44, and lump sum is about R719000. How much tax am I to pay?

What is the impact of the tax credit in a case where the employer pays 50% of the monthly medical co

  Written by Marc  

What is the impact of the tax credit in a case where the employer pays 50% of the monthly medical contribution and the employee pays 50% of the medical aid contribution?

Taxed 199999 from provident fund how much will I get?

  Written by Marc  

How much will I get from SARS after been taxed R199999 from my rovident fund

Approved I'll health retirement

  Written by Marc  

If I am going on early I'll health retirement and I am disabled, is my lumpsum still taxable?

Purpose of provisional tax?

  Written by Marc  

What is the purpose of provisional tax?

Non residents - do I need to submit a tax return on interest payments

  Written by Marc  

I am a non resident but earn a small amount of interest from a FNB non-resident bank account. Do I need to submit a tax return. Can I do it through TaxTim

Can I open offshore company/trust in tax-haven countries to avoid paying full tax in SA?

  Written by Marc  

Is it LEGAL or ILLEGAL? Can I open offshore company/trust in tax-haven countries like Mauritius to avoid paying full tax in South Africa? I would like to know is it legal or illegal as per SARS code of conduct? waiting for reply.

Will I have to pay more tax if buying property when I dont pay personal tax working abroad?

  Written by Marc  

Hello, I will be working abroad for a year and upon my return would like to buy a house, what is the tax implication for this? as I would have been tax exempt being out of the country for a year.

How do rebates work?

  Written by Marc  

I have started a new job and have been told my salary will be R7000 a month, on top of this, they are saying that I am going to be taxed 18% per month. I am just a bit confused. . This seems very high for such a small salary. . . And then there comes the topic of rebates. I have been told that at the end of the tax year I can claim this back? But this is all going over my head, can you please confirm that the 18% a month tax is correct (i do not have any medical aid, retirement funds etc) and th...



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On a fix income of R4000 with no extra benifits what will the PAYE amount be?

  Written by Marc  

I think of starting a new business. My employees will receive a fix monthly income of R4000. What amount will I have to deduct from their payslip for PAYE?

Refund on building costs as a non resident South African Citizen?

  Written by Marc  

I am a non resident South African citizen working and living abroad in Saudi Arabia for just over 6 years. I visit South Africa at least 3 times a year for periods of either two to three weeks at a time. Last year these visits where in April then May then July. My question really relates to my current property in South Africa. I am renting the properties out however and have had various renovations done. I would like to ask as a non resident can I claim back the VAT on this for example I had gat...



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Income Tax number with SARS

  Written by Marc  

Do you only have one tax number in your life I've started to work in 2000 but only got a tax number in 2011?

How do you calculate payment and PAYE UIF for one day annual leave

  Written by Marc  

How do you calculate payment and PAYE UIF for one day's annual leave that was not taken?

Tax returns for the last 4 years - need to submit to SARS

  Written by Marc  

I have been living in Australia for the last 4 years and need to do my tax returns for that time. I didn't realise I needed to do them unfortunately. I have not been earning a salary in South Africa since I left in December 2010. Can you help me with this?

URGENT ASAP

  Written by Marc  

Hi tim im living in south africa cape town all my life im 24 and I work for a aircon company and get payed 5200 a month do I need to pay tax coz my boss takes tax of our pay but I never filled in a form im been working for him for 3 years and few months I think he stealing our money coz I asked for a irp5 form in 2014 I got it but by paye it says o. Oorand but uif there is a amount but on my payslips I pay paye and uif what do u think I must do PLS HELP ME THANK U SHANE MY EMAIL greeffshane05@gm...



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Re submission of audited tax return?

  Written by Marc  

I need to get a tax directive. I have taken all relevant docs to SARS, but now they need me to resubmit my 2015 return. I don't know how because if I say request correction it says the return has already been audited.

Query on taxable Pension Fund Contributions?

  Written by Marc  

My company taxes my Total Cost to Company which includes my pension fund contributions paid over. Example: CTC: R15 000 Pension: 750 Medical Aid: 1348 UIF: 147. 80 Tax: 1592. 25 Less Tax Credit: 257 Net Salary: 10 904. 95 The full R15 000 is taxed, they list all of the above as company contributions. Is this correct?

Can my former boss legally avoid supplying my IRP5 in time?

  Written by Marc  

I've resigned from my Company and I'm concerned that my former boss may try to drag his feet with supplying my IRP5. Is there a set time period he is allowed in order to provide said documentation and is he required by law to supply my IRP5?
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