PAYE unaccounted for

Posted 3 May 2016

I've been working for a company for the past 2 and a half years. I've been paid a monthly salary of R6500 before deductions. I was recently asked by our company's HR assistant, for my tax number. I was under the impression that I'd already been registered - on my payslip it states that I've been paying R45 tax. I contacted SARS gave in my details and they informed me that I wasn't registered. I've asked the HR assistant what the PAYE was and she mentioned it was R7000. I'm just really concerned ...

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Tax on a donation between brothers

Posted 3 May 2016

My brother owns half of a property and myself the other half. My brother lives in Australia, and want to donate his part of the property to me, as he is a citizen in Australia now. Must he declare the donation to Australian revenue service or by SARS?
Will SARS charge me donation tax or how will it work?

How much will my tax refund be?

Posted 3 May 2016

Joe turned 65 in June 2015. He earned R240 000. 00 during tax year, and there was no other deductions from salary. He contributed R6 000. 00 during the year to private medical aid. And R30 000. 00 of other medical expenses. What is the amount he can claim on his tax return.?

Can I claim for my own training costs?

Posted 2 May 2016

If I was un-employed for a specific tax year, and attended various technical courses, at approved Training Centres affiliated with Merseta, for artisan courses, can I claim a certain percentage for the costs of these training courses?
That is to say, I paid for these courses, and invested with my own money?

How to treat NHS contributions made in UK on my SA tax return

Posted 2 May 2016

I was employed in the UK for 3 months during the 2016 tax year and had to tax return to SA for personal reasons. I do meet the physical presence tests for purposes of being taxed in SA on my income received in the UK. But, my question is whether I can take the NHS contributions made in the UK as an additional foreign tax credit against my taxable income when doing my 2016 SARS tax return? Both tax and NHS amounts were deducted from my UK salary but I haven't been able to claim back anything from...

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Does SARS pay interest on refunds due?

Posted 2 May 2016

Interest payable on refunds:

I objected against admin penalties incorrectly charged and I am due a refund of R18,000
I objected against a incorrect tax assessment medical expenses not allowed refund of R9,261
I overpaid assessed tax by R7,000

Will SARS pay interest on these amounts owing to me? The admin penalties was initially taken from a refund due to me so they had already been paid.

deductions on salary increase

Posted 29 April 2016

My company would like to offer me an increase. I have the choice of a straight bump-up or I can choose if there are specific benefits I would like that will have a benefit for me (additional money in pocket) and that will be beneficial for them (perhaps less tax they need to pay). I earn a straight salary without any travel allowance or any other benefits that is deducted. Please advise on what would be the best for me and for them?

Does my employer have my tax number?

Posted 29 April 2016

How do I know if I'm registered for tax at the company I work for?

Independant Contractor - deductions

Posted 28 April 2016

Can I, as an independant contractor, pay my unemployed spouse a minimum wage salary and deduct this from my monthly taxable income? I do have a payrol service provider and get issued a payslip with my income, travel allowence, UIF, medical aid and Tax after the deductions from them on a monthly basis.

PAYE on retrenchment package

Posted 28 April 2016

Which percentage l am getting a package of gross 79383.61 rand after retrenched please help me.

Turn over tax compared to small business tax

Posted 28 April 2016

If my company was registered for turnover tax and it makes R500 001. I would be taxed R1650 2% of taxable turnover above 500 000. Am I correct in saying as a small business the company tax would be 20 300 21% of taxable income above 365 000? if not registered for turnover tax. Would the tax I pay be on the profit, if I made for example R 80 000 for the year? would it be 7% as per below?

Taxable Income (R) Rate of Tax (R)
0 - 75 000 0% of taxable income...

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No IRP5 due to retrenchment

Posted 26 April 2016

We got retrenched in Sept 2015 after not being paid two months salaries. Employer claimed liquidation, but no details up to now. We do not have IRP5 because the sub-contracted audit/payroll company has not been paid for such service, and they are refusing to provide us with IRP5 due to non-payment by the employer that retrenched us. How do we go about solving this problem? We need IRP5 for the 2015/2016 tax season submission.

Medical deduction

Posted 26 April 2016

I paid for the medical fees when my girlfriend gave birth to our son, I'd like to know if a can claim it back form SARS. She doesnt belong to a medical aid

PAYE on a salary below the tax treshold

Posted 26 April 2016

I am currently working at an NPO and earning R 6000 per month. Currently the organisation is taxing me R300 per month (although this often fluctuates randomly). There are no further deductions, apart from UIF. As far as I am concerned, and according to all research I have done, I am not meant to even be paying tax on this amount. Could you please clarify if this is correct, and if not, who can I approach with regards to this money that seems to be going missing?
Thank you in advance.

Capital gains tax on primary resindence

Posted 26 April 2016

Hi Tim, My wife and I bought a house which we own 50/50. We are currently renting out that house as we want to renovate it at some point in the future and then move into it. We currently live in another rented house (ie are renting it from someone else). Would the primary residence be the residence we currently reside in (ie are renting) and the secondary residence be the house we own but are renting out? Then on the rental income, as well the associated expenses of the house we own, do we just ...

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Can I submit tax returns on behalf of clients?

Posted 26 April 2016

I opened a new bookkeeping company operating from home. I did a three year diploma in 1997. Can I do online SARS eFiling for other small companies e.g. VAT, PAYE or income tax? Can I do it online and how do I submit after doing the books up to balance sheet using Pastel partner.

Tax liability on salary earned

Posted 25 April 2016

I get a salary of R8000 per month how much tax should be deducted

Will SARS refund one amount for 2009 to 2016?

Posted 24 April 2016

Hi Tim, I have an income tax statement but the period is from 2009 to 2016 and I have already received one payment do I still get other payments from SARS or is it only one payment?

Does a director of a company have to have a tax number?

Posted 24 April 2016

I have a client who is the director of a small company (pty). Currently the profit of the company is less than R50 000. He has no other income. The PTY is registered for tax and and has submitted tax returns. The director is not registered for income tax. If he declares the R50 000 as his salary does he even need to submit a tax return as he is below the threshold?

Do I have to record all kilometers travelled?

Posted 24 April 2016

Does my travel logbook have to include private kilometres travelled? Do I need to write down KM's (business and private) every time I get in the car for the rest of my working days, while claiming?

What is an effective logbook method for tax?

Posted 24 April 2016

I would like to know what is the most effective way to log your work travels in order to be able to claim it for tax?
Is it really necessary to write down every destination I go to and who was seen, etc? Or do they need to have an odometer reading every day and night (opening and closing?) Or as some say, can it just be based on the reading from 1st March to 28 Feb?

I have downloaded an app which acts as a log book (feulio), would that be sufficient?

Tax due on salary

Posted 22 April 2016

How can I know if I am not over taxed

PAYE due on my salary

Posted 22 April 2016

I'd just like to know if the correct amount of tax is being deducted from my salary monthly. My gross salary is R45900
My employer pays my full medical aid contribution of R7254
I contribute from my salary towards a provident fund, an amount of R2754

Could you please advise how much of tax I should be paying monthly?

Thank you

Limits to amount aggregated into tax source code 3696.

Posted 22 April 2016

3696. Are there limits relative to total income to the amounts that can be aggregated into tax code 3696. Non taxable income?

May a sole proprietor have travel allowance and must retirement or providend fund be deducted monthl

Posted 21 April 2016

I would like to know if a sole proprietor may allocate a travel allowance to himself?

In regards to a retirement or provident fund may I do payment once a year up to 27. 5% of my earnings or must I do it monthly?

Your help will be greatly appreciated

WS
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