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Latest Posts in Tax Q&A

Can you be able to assist me with my tax no my I d number?

  Written by Marc  

Can you be able to assist me with my tax number?

How does it work wit the SARS number?

  Written by Marc  

I would like to know how I go about this I am a foreigner wit all necessary documents am staying legally in south Africa I started to do freelancing of short stories to magazines, now they say I mus have a SARS number so they can pay me,and I wanna know if I should open another acc as e one for nedbank is where my salary gets deposited every month so if I use that same acc wont they be deducting my salary from my permanent job wen its in my account because I do freelancing part time if I qualif...



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Benefits tax - am I a normal taxpayer?

  Written by Marc  

Good day, I am on a government contract and don't pay any pension fund and medical aid. I only pay UIF and PAYE. Do I fall under the same tax bracket as a permanent employee? Will I maybe get a tax return because I don't have the abovementioned benefits

Percentages medical aid which gets me refund from SARS?

  Written by Marc  

GOOD day please explain which percentage I will get back say for instance they indicate a amount of R5000 not covered by medical aid.

Tax on Fixed Deposits

  Written by Marc  

I am currently saving for a house, so I am investing in a 3 month Fixed Deposit (I want to avoid equity risk for now). I earn approximately 6% pa. What is the limit of Interest Earn that is exempt from tax? If I change the investment term to 1 year, starting 01 June 2015, the investment matures on the 01 June 2016. Do I pay tax on these returns in the 2015 tax year?

Employee PAYE implications for car repayments on company cars?

  Written by Marc  

I pay R3700 as a car repayment for one of my employees. Is this full payment part of his salary, or should I only allocate a portion? It seems unfair that he takes the entire amount into his salary and therefore incurs a higher PAYE, when the car remains my property.

What is my tax liability on my pension fund resignation benefit? how do I calculate this on TaxTim?

  Written by Marc  

I would like to find out how much tax will I be liable for when I cash my pension fund once I resign. The resignation benefit is currently R352 026. How do I calculate this on your website?

Do you also help with tax returns for freelancers?

  Written by Marc  

Hi, do you also help with tax returns for freelancers? And if I earned in 2014/2015 approx. 124. 000 how much tax do you expect me to pay?

Do I need to quit my job in the private sector in order to get money from SARS ?

  Written by Marc  

Good day , I'm working for a private sector, my problem is that we're never been given IRP5 since I started working. I'm being told that ill only get it when I Quite my Job. What must I do to get my IRP5 without losing my job ?

Is it possible to be an independent contractor to a company where I am also a director?

  Written by Marc  

Is it possible to be an independent contractor for a small SA business at the same time as being listed as a director for that same company? I contract my services to a private SA company which 100% owned by a London business. The SA company has no full time staff and contracts work out to highly skilled consultants on a job by job basis in order to complete the work. The reason the company has no full time staff is that it operates in a niche market where work is not always regular. I conduct ...



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PAYE IS IT A PERCENTAGE OF YOUR SALARY , WHERE CAN I find indication to calculate PAYE

  Written by Marc  

How do I calculate PAYE ON MY SALARY

UK pension on eFiling - how does it affect my South African taxes?

  Written by Marc  

Do pensions from England, paid in £ and liable for tax in the UK, need to be returned on my South African, eFiling return and where.

Logbook -what records do I need to keep?

  Written by Marc  

For the logbook do I have to record all my starts and stops during the day at the different clients or the total of my travels during the day?

What is my PAYE per month?

  Written by Marc  

I get 7020 rand a month! Do I have to pay tax?

Tax residency

  Written by Marc  

In answer to a question I asked a few months ago regarding tax residency, you told me if I was relocating to RSA that I could delay becoming a tax resident of RSA for something like five years. I have permanent residency. Could you direct me to the relevant SARS literature. Thanks

Peter

Expenses claimed as a business?

  Written by Marc  

Where can I get a list off all expenses I can claim for my sole prop business

Payment due to me as a refund from SARS

  Written by Marc  

I received an sms, submitting my returns manually at the SARS branch,stating a negative balance due to me and 2 dates for payments. Late in the evening I received an sms about bank details verification. . . I havn't verified because the day I did my returns I was in the branch and handed the said documents(which were returned to me). The 1st payment date is today, must I wait for payment or is there anything I need to do before payment is made?

eFiling login details

  Written by Marc  

My accountant has passed away and I now want to take over my tax returns. How do I access my eFiling site if I don't have the login details.

Resident-Non resident

  Written by Marc  

Hi, South African passport holders who stays in Mauritius but will be going back to SA after nearly 5 yrs. At the moment they are considered non-residents as they are in Mauritius for a period of more than 60days in a period of 6 months and they have not stayed in SA for more than 91days in a row in a tax year. After how many months in SA will they be considered back as resident? And if they will start earning their salary in SA, do they pay tax from the beginning or after a period of time. Than...



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Do I need to pay tax to SARS when working abroad without having emigrated?

  Written by Marc  

Hi there. If I move to Dubai, and earn a salary there for a couple of years, do I owe SARS tax money?

If I receive a referral fee / finders fee from a business, is it considered taxable income?

  Written by Marc  

If I receive a referral fee / finders fee from a business, is it considered taxable income?

I already work full time and pay tax via PAYE.

Am I have to pay tax if my gross income is R6 300pm?

  Written by Marc  

I am earning R 6 300pm before deduction, now my question is, am I have to pay tax?

Interest on debt with SARS?

  Written by Marc  

If I owe Money to SARS. How do SARS calculate the interest on the money that I owe to SARS

RA transferr versus taxable income

  Written by Marc  

Hi Tim,

Last year up to July I was paying into an RA with Provider A. I then transferred this to another RA provider B. An amount of R109k was transferred to the new RA after a few deductions. I received a tax doc from Provider A for my contributions up to July. I also received a tax doc for my contributions from new Provider B. However I have just received a tax doc from Provider A stipulating the amount paid out (R109k) and logged against code 3698. This looks like I earned this am...



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Expenses claimed against commission income?

  Written by Marc  

Someone who mainly earns commission income, can she claim for corporate clothing and training. Also if she has not maintained a logbook accurately, can she claim motor vehicle expenses including fuel?
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