Tax free portion of lumpsum?

  Written by Marc   Posted 30 April 2015

If you retire -up to what amount is tax free

How do I get taxed on my provident fund if I volunteer for the retrenchment package.

  Written by Marc   Posted 30 April 2015

How do I get taxed on my provident fund if I volunteer for the retrenchment package.

Medical Credits Dispute?

  Written by Marc   Posted 30 April 2015

I would like to dispute my medical credits which were disallowed for some reason regarding the 2014 tax year, but I have no idea what code is to be used on the dispute form. Could you assist me with this?

Can I claim VAT or qualify the above mentioned type of transaction as a Tax invoice?

  Written by Marc   Posted 30 April 2015

I have a Invoice with Invoice NO:XXXX and the supplier charged VAT at 14% which is displayed according to SARS rules. My problem is that the words "Tax Invoice " are displayed vividly underneath the description of the goods purchased as "This is a Tax Invoice", do I claim VAT on this type of a transaction? The supplier is a VAT registered entity.

Can I pay and deduct vat input on this type of transaction?

  Written by Marc   Posted 30 April 2015

You ask for a "Copy Tax Invoice" from the supplier and the supplier issues a Tax Invoice ("Office Copy"), is this acceptable as a "Copy Tax Invoice"?

Source code for Interest Received for IT3b

  Written by Marc   Posted 30 April 2015

What is the source code for interest received to be used on a IT3b?

Possible tax on resignation benefit of R721263?

  Written by Marc   Posted 30 April 2015

What is the estimated tax on resignation benefit of R721 263?

Does cash donation receive included in tax income calculation?

  Written by Marc   Posted 30 April 2015

If I receive a cash donation of R45000 from my uncle. Do I need to tell SARS about this and what this will means for tax purposes?

Tax for two weeks service rendered?

  Written by Marc   Posted 30 April 2015

Should I pay tax if I rendered a service to someone for only two weeks. I am not an employee of that company. They have to pay me R8100. 00

How much will I get when I resign: R546 000.00 lump sum?

  Written by Marc   Posted 30 April 2015

I dont understand the SARD 18% and 36% calculations. How much will I get when I resign:R546 000. 00 lump sum

If I earn R40k pm for 5 months is it anualised for tax purposes and tax liability apportioned 5/12?

  Written by Marc   Posted 30 April 2015

If I earn R40,000 per month and only work for 5 months(R200,000) of Tax Year(say 28 Feb 2016), is tax computed on R40k X 12 ie R480k and Tax liability apportioned 5/12ths or on R40k x 5 ie R200k and tax liability only on R200k for full year?

Income tax number importance?

  Written by Marc   Posted 30 April 2015

What is the purpose of income tax number

Has UIF deduction been capped at R10 from 1 April 2015?

  Written by Marc   Posted 30 April 2015

Has UIF deduction been capped at R10 from 1 April 2015?

Why being taxed on money that is less than R4000?

  Written by Marc   Posted 30 April 2015

I normally earn my salary first and be taxed from my salary,and after 2 weeks I then receive the bonus that is less than R4 000 and it is being taxed too,why is this happening?

How do I register as taxpayer at SARS if I work and stay in Botswana. I do earn rental income is SA.

  Written by Marc   Posted 30 April 2015

I am a SA Citizen. I work and live in Botswana for the past 15 years. I bought residential property in SA which I am renting out. How do I register at SARS for this rental income if I stay and live in Botswana? What documents will SARS need to register me? Can I take my Botswana proof of residence (for FICA purposes).

Compensation of home based care worker - tax obligations?

  Written by Marc   Posted 30 April 2015

I would like to understand the tax obligations, if any, for the following scenario and hope you will be able to assist with such. I am disabled and had to employ the services of a home based care worker to assit in my daily living activities/requirements. (since Jan 2015) According to my understanding, such is not deemed to be a formal employment and thus would not be taxable (same as domestic workers), but I just want to make sure. Neither is UIF payable. Now for the tax question: The carewor...

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Do you pay PAYE on unpaid leave?

  Written by Marc   Posted 30 April 2015

My salary is as follows basic of 16500, travel allowance of 4500, cell all R500, medical aid R500 & RAF R500. I did not work 2 days this month and this was deducted as unpaid leave of R1517. 24. Please advise if you are supposed to pay PAYE on unpaid leave. Thanks

Is reimbursive expenditure entertainment as defined?

  Written by Marc   Posted 21 April 2015

Do we have VAT implications on reimbursement expenditure incurred by salesman for entertaining important customer?

I've resigned ill be getting R169.00 how much will be deducted

  Written by Marc   Posted 21 April 2015

I was working at a school as a general worker I've resigned in 28/02/2015 approximately my pension lump sum is R169. 000 I would like to know how much will be deducted.

What is the maximum amount a pensioner can earn from investments to avoid provisional tax?

  Written by Marc   Posted 21 April 2015

I am 73. I earn a pension of R237600 pa before tax. I get rental income on investments of R15000 pa. Do I have to pay provisional tax?

Banking details for SARS?

  Written by Marc   Posted 21 April 2015

I NEED THE BANKING DETAILS , SO THAT I CAN PAY SARS EVERY MONTH PLEASE

Housing allowance tax?

  Written by Marc   Posted 21 April 2015

I am a 27 years old. I have a new job mu basic salary is R18 600 and I will also receive a housing allowance of 2300. How much tax will I pay in tax?

Normale belasting

  Written by Marc   Posted 21 April 2015

Wat is verskil tussen normale belasting en belasting aanspreeklikheid

If I paid airfare for my kid whether it will be taxable??

  Written by Marc   Posted 21 April 2015

If I paid airfare for my kid whether it will be taxable??

Provisional taxpayer - threshold?

  Written by Marc   Posted 21 April 2015

If I become a provisional tax payer, do I have to earn one million before that can happen?
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