Tax Calculation on annual salary of R180,000

Posted 17 September 2013

What is the tax calculation for final tax on an annual salary of R180,000?

How long does audit take?

Posted 17 September 2013

I was audited nearly 3 months ago. I was requested to submit documents, which I have done in July already and have had no feedback as yet. How long does this usually take?

I have to claim travel, but didn't keep a logbook. Can I make one now or too late?

Posted 17 September 2013

Hi TaxTim! I have to claim travel, but didn't keep a logbook. Can I make one now or too late?

SARS tells me that I received a fringe benefit filed under Code 3808 and that I now owe them

Posted 17 September 2013

SARS tells me that I received a fringe benefit filed under Code 3808 and that I now owe them R15 000! I do not receive any benefits as such and Payroll confirms that there is no error on my IRP5.

Is there something that I have not claimed or acknowledged?

I do not have any supporting documents

Posted 17 September 2013

Hi Tim

I have started submitting my Tax in 2012. Now they asked for 2011. I was only working about 6 months in 2011. When I called my previous employer he said he cant give me any documents as he has lost it all in a robbery. SARS is asking for supporting documents for 2011 and I don't have anything (not even medical aid etc).
What do I do ?

Thank you
Lara

How do employers calculate PAYE on the ITR14?

Posted 17 September 2013

How do employers calculate PAYE on the IT14?

Penalized for not paying tax (low income)?

Posted 17 September 2013

Will one get penalized for not paying a personal income tax, even if you submitted your form? If so what would it be? This is for a low income wages.

How does retirement annuity help me in regards to tax?

Posted 17 September 2013

How does a retirement annuity help me regarding tax deductions?

How am I going to know how much I will get and how do I calculate it?

Posted 17 September 2013

How will I know how much do I have to get, and how do I calculate?

Will I get a letter in the post with a tax reference number to replace my temporary one?

Posted 16 September 2013

Ok when I went and got my tax reference number, the lady that helped me said it's a temporary number and that I will receive another one in the post. It's been 2 months gone by and I didn't get anything as yet. I just want a tax reference number. I got a temporary one only. Is this the one I need always or do I have to wait longer for another one? I don't want to pay tax.

Tax on completing work online

Posted 16 September 2013

Hi,

I earn a monthly salary, but I would like to supplement my income by completing work online. What would the tax implications be? And how is it calculated?

AVS for first time tax payers

Posted 16 September 2013

Hi Tim.

I submitted my first tax returns this year. Was selected for audit even though I only claimed 2 month's worth of tax, submitted my IRP5 and waited. I see I have the AVS verification as SARS status. Is this normal for first time users or do I also need to go into a branch? I have not received a letter requesting any proof of banking yet.

How do medical source codes 2810/4500/4474 work?

Posted 13 September 2013

How does it work?
Source codes 2810/4500/4474

Employer tax free bursaries for student employee

Posted 13 September 2013

Hi,I am currently busy with my masters degree in management. I am personally paying for all my studies.Can I arrange with my employer to set a certain portion of my salary aside as a bursary which is directly paid to the University thus lowering tax for my employer and myself?Also, is it possible for my employer to claim money from the the Skills Development Levy (SDL)?Basically, I want to know what can I arrange with my employer to reduce our tax burden. My employer will be open to any options ...

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Incomplete tax return from 2007 with no IRP5 information available.

Posted 13 September 2013

I recently applied for my tax return for 2013. I have been waiting a while for the return until I called SARS and they told me that I have an incomplete return from 2007. The problem is: I don't possess any IRP5 information from that year, and the only job I had was a shift job in which I made a minimum wage for only three months. What do I need to do?

Non-prescription medication - is it tax deductible for over 75's?

Posted 12 September 2013

May taxpayers over 75 years of age deduct over the counter/ non-prescription medication from tax?

Finalization of assessment

Posted 12 September 2013

Hi Tim,I got a letter from SARS saying: they've finalized my assessment and that no further changes will be made. What does this even mean?

Not sure how to pay tax on freelance incoming

Posted 12 September 2013

For previous tax years, I've always only had my salary as income.

Since January, I've been freelancing and have been receiving payments on a monthly basis.

When should I register as a provisional tax payer? How much do I have to contribute before next tax season? Can I do everything I need to do on SARS efiling?

by wen can I expect payment from sars

Posted 12 September 2013

By when can I expect payment from SARS?
I did my return on the 03/09/2013.
They said it takes up to 3 days its been almost 9.

SARS eFiling asking for "documents for review " and "documents for audit"

Posted 12 September 2013

Why does my eFiling ask for me to submit "Documents for review" and "Documents for audit"?

Can you claim monthly groceries from tax?

Posted 12 September 2013

Hi TimI've heard that you can claim some of your monthly expenditures, like groceries, from tax... Is this true?Thanks!M

When do I pay sars after submitting provisional tax?

Posted 12 September 2013

After submitting my provisional tax, when do I need to pay it? Does SARS send me a bill?

Can I claim my child's university fees and the domestic worker's fee of R150 once a week?

Posted 12 September 2013

I'd like to find out if I can I claim my child's university fees?Also can I claim the amount I pay to our domestic worker who comes in once a week at a rate of R150.00?

Seeking my Income Tax number, although I am employed

Posted 12 September 2013

I have been employed since September 2012, even though I was not earning a taxable amount, but now I am now earning it. Looking at my payslips since the start of 2013 I found out that the one for March has got the P.A.Y.E deducted as well as U.I.F but from the next month being April I no longer get that P.A.Y.E deductions except U.IF.

Please Tim, does it mean I do not have an income tax number? I called my employer and they referred me to SARS. I can't understand this as I need this income tax number for my new employer. ...

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I'm new to this whole tax story. How much tax will I pay a mounth if I earn R6500?

Posted 11 September 2013

How much tax will I pay with a monthly income of R6500?
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