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Latest Posts in Tax Q&A

Why tax should be done?



I've just started my first official Job last month. What do I need to do to prep for my next tax return. How does it work and what is the benefits? Im CLUELESS

Are legal fees when you buy a house deductible?



I bought a house and obviously had to pay lawyers fees (2 sets) to do the transfer, etc. Can I include this as a deduction in my tax return?

Back pays get taxed?



Hi TT. I have been working for 3month. Month later they suspend. Me

With fully paid. And benefits. They didn't pay so I took them to
CCMA. I won the case. They agreed to pay me
My back pay of R4500. 00 instead of paying it
In they gave me R3300. 00 and say I got taxed is it
Possible?

Disability medical expenses for tax purposes?



My daughter is disabled ( Cerebral Palsy ) What documents do I need to claim for her. Can I claim back for her special school ect.

How much percentage tax should I pay if i'm getting paid R141 000 pension fund money?



How much tax should I be paying if i'm resigning and getting pension fund money of R141 000?

I want a tax number from SARS?



Hi Tim my brother is looking for his tax number.

What is medical credit for tax purposes?



What is medical credit and how does it work?

Can the once off back pay of R4500 be taxed?



Can the once off back pay of R4500 be taxed? And how much?

Investing money at the bank and earning interest and the tax implications thereof?



I want to set up an investment at the bank and earn interest on a monthly basis on it. I did some research and I found that I need to register for Provisional Tax at SARS in order to do this. I found out that 2-3 times per annum I would be required to make a payment to SARS on the interest I earn. My question is: Firstly, I would like to budget so I would like to know what percentage will SARS deduct monthly on my interest earned,and secondly,will they tax me monthly in this case or 2-3 times pe...

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Company car and car allowance in same tax year



I had a company car for the 1st 4 months of this tax year, and moved over to a car allowance for the remainder. How would I need to complete my efiling tax return?
Secondly, how will this affect my return?

Claiming against fuel card even with Car Allowance?



I receive a car allowance and use my own private vehicle. The compan however pays for my fuel n full via a fleet petrol card. This amount reflects on my payslip for tax deduction. Can I claim against this? If so how do I complete the return?

EMP501 manually on eFiling?



How to submit EMP501's manually on eFiling.

If I leave behind money from a death policy what will the tax be if I leave it to my wife?



If I leave behind money from a death policy what will the tax be if I leave it to my wife?

Employee vehicle leased to employer



Can a company lease the "employee's personal vehicle" from the employee from Monday to Friday during the month and pay the employee a vehicle rental amount without attracting any fringe benefit tax?

Is this email from SARS or it is a scam



I received an email at 12h51 this morning, the below email has a link and I am afraid to complete the information from the Link as they are asking me to confirm my banking details so that my money will appear in my bank account. I didn't apply for the tax return. Read the below email!


We have confirmed your returns and a tax epayment of R3,849. 35 made into yo= ur account. Check below for confirmation. Confirm transaction
Efiling returns 2015

Tax payment to SARS?



I am employed by two companies and am paid R6000 from each one so I get a total of R12000 a month. My employers are now going to register me, with the salary each one pays me I will under the tax threshold, so they will not deduct any tax. Will I be liable to pay any tax?

Do I qualify for tax return if im ening R900.00 a week?



Do I qualify for tax return if im ening R900. 00 a week?

Wear and tear possible on signage/advertising on my delivery truck



If I capitalised signage/advertising onto one of my delivery trucks, would I be able to claim a wear and tear deduction for this?

University fees claimable for refund for tax purposes?



Can I claim for claims relating to my daughters university fees

What is the benefit of a retirement annuity?



What are the benefits of a retirement annuity in both the short term and the long term and would you recommend taking one out?

Tax ID for American citizen with children that live in RSA.



I am an American citizen however, My three children live with their mom In JHB. ( all have RSA ID ) I have a skill doing professioanl voice overs and would like to do this work when I visit my children. ( there is a demand for authentic American voices ) Can I get a Tax ID so I can do this work. If so How do I proceed. Thanks

Tax implications of giving a gift to my wife / child?



I am married by Anti Nuptual Contract (ANC) without accrual. I would like to give a gift to my wife of R500k. Is this taxed? Do I have to make any declaration to Sars? If so, when must this be made?

Can I give a gift / donation to my child? Are there limits, and what is the procedure?

Tax on bonus with SARS



I am employed by the government and want to know if there is an option where u pay tax annually? And if I am paying monthly should my bonus be taxed. I earn 15250 per month.

PAYE - traveling



Good day can I deduct traveling to and from work every day (130km x 5 times per week). So that my PAYE is less every week?

How to handle medical aid contributions paid by companys for ex employees(over 65).



I am a pensioner, over 65, and my ex company contributes 50% of subscription to my medical aid. In response to my query to them if they would issue me with an IRP5 certificate covering their portion for me to declare as income I received this reply: Company medical aid contributions paid to ex employees will not be regarded as income in the hands of the ex employees and confirmed to me that medical aid contributions paid to former employees will not be taxed. There is therefore no need to issue ...

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