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Latest Posts in Tax Q&A

Deceased tax number



How do I get a tax number of my brother in law who died?

Was the wrong amount deducted



How do I calculate pension tax deduction after I received my money for 2011 according to SARS I owe them. The amount was R144817. 27 they deduct 21687. 285

Deductions on 13th pay



What are the mandatory deductions on 13th cheque

Do I pay tax on a gift?



If my mother wants to give me a gift of R 100 000. 00 cash to be transferred into my cheque account, do I need to declare this anywhere and will I pay tax on it?

REIT dividends tax paid



Regarding the REIT taxable dividends for individuals, where do you reflect the tax paid on the REIT income. If the whole amount is taxable then wont it then have been taxed twice, when the dividends was paid to you and when you declare it on your income tax?
Hope this makes sense. Please advise

What is member's share of claims paid/



On the medical Aid Certificate, what is member's share of claims paid?

CPT payment on money held for 3rd party.



I have a parent whom gave me money a couple of years back to place in an investment in my name. Recently the entire investment was cashed out and transferred back to said parent. I now have been issued with and IT3(c) reflecting this. My questions are as follows:

1) Though it is not stated on the IT3(c), do I need to pay CPT on the proceeds (SARS code 4205)?
2) If I need to pay CPT, as this money did not belong to me (though the investment was in my name, I did not derive any benefit from it), is there a way in which the CPT can reflect against the party whom the money belonged to?...

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Travel claim to client site



As a consultant on a salary with a car allowance (3701) onsite 18 of every 20 days, can I claim travel to the client's place of business?

Dependant / de-register / required to fill in a tax form if no longer earning a taxable income



I am married and a registered tax payer, no longer earning a taxable income. Do I need to de-register as a tax payer and if not, do I need to submit a tax return?
Can I add my medical expenses to my husband's tax return as a 'dependant' (we do not contribute to a medical aid scheme)?

Copy of f/stat showing business sold



Need a copy of a sole prop f/stat, showing my business has been sold

Is it possible to have a negative amount for my 1st provisional tax payment?



Is it possible to have a negative amount for my 1st provisional tax payment?

How long after it34 will I receive letter of comoletion



Hi, I did my husbands tax return via SARS eFiling. SARS asked for supporting documents and i've sent it. On Monday 7th Sept i've received an additional ITA34 on SARS eFiling but not yet the completion letter. How long will this take?

Vehicle expenses for business



When I was a sole proprietor, taxed under my own name, if I drove somewhere on business-related matters, I used my own vehicle. I then claimed those business kilometres as a proportion of the total expenses and depreciation on my vehicle over the course of the tax year. Now I have a (registered) private company - can I still follow the same process, and claim the travel expenses as a tax deduction for my BUSINESS? If not, what are the options for me?

Assist on completing a tax return?



Where do I start with my tax returns

How does "Interest on underpayment of prov tax" work?



I've done my 2012 tax return only now and I see the original assessment is R14,693.15. Now another item that is listed is:

Interest on underpayment of prov tax. Section 89quat(2) 2012 to the amount of R3,884.46.

I just want to know is that value correct, and how is that calculated. I guess it is that "high" because of this part in that section?:

"... Such interest being calculated from the effective date in relation to the said year until the date of assessment of such normal tax. "...

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Help! SARS has just informed that I need to submit a 2008 Tax Return



Good day,

Over the past three weeks, I have been in contact with SARS telephonically regarding a refund due to me for the 2015 Tax Year. I have just been informed that SARS has upgraded their system and I now need to submit a Tax Return for 2008 before they will pay the refund. In 2007, I was employed on a part time basis as a tutor whilst I was in my final year of study at University. After graduating in 2007, I started to work on a full time basis at a company from 1 January 2008. I...

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How can I go back to changing my answer for capital gains if I don't have the option?



I need to change my answer to capital gains that I gave, but the problem is I can't go back to the capital gains sections. How do I go back to it?

I am a personal fitness trainer. Can I register for turnover tax.



I am a personal fitness trainer. Can I register for turnover tax.

Want to register for a tax number?



I have been tax exempt since 1997 when I left the forces. Been operating on a ad hoc basis doing upholstery work for people privately at home and never completed any tax forms as such. I left the trade seeing it didn't enhance my life at all living on the edge to provide for family. Started as an independent recruiter in 2008 and earning between R 60 - 120 p/annum. Haven't got a tax number and want to know if I have to register and if so how do I go about to registering for a tax number?

Tax Deduction on learnership remuneration



In addition to the tax deductions that a company can claim for entering into a learnership and completing the learnership, can the company also claim a tax deduction on the remuneration of the learner?

Taxation of overseas pensions here in RSA



I have tax returned to RSA in April 2016 and receive pensions -paid in UK, how are these taxed now I am a returning resident?

Medical contribution not showing on TaxTim calculator result.



On your tax calculator, I have filled in my details, and filled in my medical aid contribution paid by myself for the full year. The amount it calculates is not what I expected, as with the calculation at the bottom of the results, my medical contributions are not taken into account to calculate the result amount. Why are my medical contributions not taken into account when calculating my tax return?

People who are still on probation pay tax?



I'm still on probation for 3 months. Should I pay tax?

Tax return for expats



I emigrated from south africa 6 years ago and I'm no longer a south african citizen. I ve only visited sa once for about 30 days in the last 6 years. Do I still need to file a tax return?
Thanks

How many days after filing



How quick does it take for money to b in your account
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