Farming tax
Posted 24 April 2017
I was employed and practised farming part time, I didn't declare farming activities. I've purchased tractors and now farming full time and have a registered company where do I start with my tax?
Unit trust and tax
Posted 24 April 2017
Do I need to declare interest from unit trusts that is under the threshold of R33000 (e. g. Local interest earned was R15000).
My tax fluctuate every month
Posted 21 April 2017
Why does my tax fluctuate every month on my payslip? I'm a fully employed with a monthly salary- no overtime or shifts. I saw that you've already said it should not fluctuate. How does one go about rectifying it?
Providing financial support to my elderly parents?
Posted 21 April 2017
What are the tax implications of me providing financial support to my elderly parents?
Output VAT and levies
Posted 20 April 2017
Is Output VAT supposed to be levied on Land if both parties are VAT Vendors?
Can I claim if not reimbursed by my employer?
Posted 20 April 2017
My employer doesn't reimburse me for traveling in between the office and our sites. I don't have a company car but I drive about 92KM per day between the office and on of our sites. Would it be possible to claim KMs from SARS for the use of my private car? And the company doesn't provide a cellphone allowance but I'm required to use my phone a lot at work. I receive no allowance and I'm not a commission earner. Can I claim for the contract I was forced to take?
How to file a return?
Posted 20 April 2017
Please let me know how returns are done. Do I provide all the information and you do the return on my behalf?
PAYE for hourly paid employees
Posted 20 April 2017
Is PAYE calculated differently for hourly paid employees ? And if so How ?
Tax on income paid in US dollars
Posted 20 April 2017
I'm a South African citizen. Currently living and working in Argentina, but I'm considering taking a job that would allow me to move back home. The job would pay me in US dollars on a monthly basis. How would I pay tax and what amount is taxable and how does this all work. (Let's say the salary would be 4000USD per month).
Do you need my documents?
Posted 19 April 2017
I'd like to make use of your tax return service on the internet. What details and documents you would need from me?
Are orthodontist expenses tax deductible?
Posted 19 April 2017
Can I claim tax on an orthodontist expense for my child's braces? They are not covered by medical aid.
I have multiple tax returns
Posted 19 April 2017
I have multiple tax returns I need to file. Does TaxTim provide this service or do they only deal with current years submissions?
Share trading
Posted 19 April 2017
Do you assist with tax returns where share trading is involved?
I trade in CFDs and equity via my broker for the past 5 years, however,
I've not been making any profit, so I've not been declaring any loss as well.
I don't have any other sources of income except a little interest.
Pension fund with half paid up taxes
Posted 19 April 2017
Can I get my pension fund if I have payed up half of my taxes
Maintenance claims on pension fund
Posted 19 April 2017
Will monthly maintenance claims by ex-spouse as per a successfully lodged divorce order against my pension fund be taxable in the hands of my ex-spouse, or deemed as income for myself? Will it be treated as exempt from normal tax?
VAT and Tax concerns
Posted 19 April 2017
I'm a registered company, but not VAT registered. We do not charge VAT on our second hand goods. Should we register for VAT? Also, should we complete a tax return, would we be able to do by ourselves?
On an internship - do I pay tax?
Posted 18 April 2017
I'm currently working as an intern. The income is 8000 for 11 months, am I required to pay tax?
Waiting period for retirement from GEPF?
Posted 18 April 2017
How long does a retirement file from GEPF take in SARS for a pay out date? I took my retirement claim at GEPF and completed all forms they gave me but I have waited so long with no reply.
Which costs are deductible prior to receiving rental income?
Posted 17 April 2017
In respect of a second property that one rents out, starting off, can one deduct the following for personal income tax:
(1) Bond transfer fees and registration costs;
(2) Costs incurred on repairs to the property in the month prior to receiving the 1st rental for the property?
How to make changes after submissions?
Posted 13 April 2017
I submitted my 2016 tax return using my actual cost on my travel expenses. How can I have it changed to fixed cost as my business travel was about 16000km whilst my actual cost was only R399.00? My tax return was audited by SARS and I've disputed on these grounds several times as well as gone to SARS twice. I've been told that it's possible to have this changed and the consultant at SARS has requested it be done on their system but no change so far. The latest statement still reflects only R217,...
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Minimizing tax liability
Posted 13 April 2017
At the end of the current tax year my taxable income will exceed R1.5 million largely due to income from an employee share option scheme. My income comprises salary only. And from the normal statutory deductions I contribute to a retirement fund and retirement annuity. Apart from maximizing my contribution to retirement funds, how else could I reduce my tax liability?
International special stopper
Posted 13 April 2017
I live in Australia and work for a South African Company I did submit my tax return on time, but I'm still waiting for my refund. They told me that I should visit the nearest SARS branch as there is a special stopper on my account, but there's no SARS branches in Australia - do you know of an alternative solution?
Earning between R20 000 and R1 Million on Forex Trading every week
Posted 13 April 2017
I'd like to find out if I pay myself R20 000 to R1 Million every week, do I have to register as a taxpayer or do I use the existing tax number that I use as an employee in another company?
Grandparent paying school fees for grandchildren?
Posted 11 April 2017
Is it allowed for a grandparent, who's South African, to pay his South African grandchildren's school fees without it counting as a donation?
Income from overseas
Posted 10 April 2017
My wife does some occasional freelance work for a company overseas. As well as here in South Africa.
Her local freelance brings in about R3500 per month. She doesn't currently pay provisional tax as the amounts are too small. She's recently taken on some international freelance work that amounts to
about R10500 every second month or so. What are the tax implications of the international income?
Does she need to declare it and can she declare it as a donation?
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