Do your Tax with TaxTim and WIN R10,000  More info   T&C's apply

Latest Posts in Tax Q&A

Under what bracket do fall under when earning as little as 5 or 6k per month?

  Written by Marc  

Hi if earn R6k or R7k a month, how much will I pay in tax?

Register for turnover tax while VAT registered - do I need to do it again?

  Written by Marc  

I registered for VAT in 2008 when I was going to open a business. Unfortunately the business ran dead about 6 months or so later. Now I have started a small business but would like to register for turnover tax as VAT would not be necessary. Can I do this or do I need to de register from VAT? What would the procedure be. Thank you.

Referral income

  Written by Marc  

I am a salary earner paying PAYE then on the sideline I get paid a once of commission for a referral, do I declare this and thus pay tax on it?

Help with eFiling registration please?

  Written by Marc  

How to register for eFiling? Too difficult for me to register?

How do I submit a nil return?

  Written by Marc  

How do I submit a nil return?

Can I claim for travel expense if I earn a basic and comm and my comm is less than 50% for the year?

  Written by Marc  

I earn a basic and commission, but my commission is less than 50% of my income for the year. I have claimed travel expenses as I use my own vehicle and pay my own petrol etc. I submitted a logbook, but they have disallowed the travel expenses as my commission is less than 50% of my total income. Is this correct? How else can I claim for my travel expenses? As it cost me R58 171. 00 for the year and I should be able to get something back surely?

Submitting tax payments to SARS?

  Written by Marc  

I would like yo know how to get started on tax return payments

I am earning R16547 per month, and I am being taxed R1750 per month is this appropriate?

  Written by Marc  

I am earning R16547 per month, and I am being taxed R1750 per month is this appropriate?

If you do not pay the m/a premium nor are you the main member, can you claim out of pockets expense

  Written by Marc  

If you do not pay the m/a premium nor are you the main member, can you claim out of pockets expenses that are not reflected on your year end statement from your m/a ie they have never been submitted to your m/a?

Are cellphone contracts and Laptop Contracts Tax Refundable if used mainly for work purposes

  Written by Marc  

If I have a cellphone contract as well as a contract to pay off a laptop of which both are used mainly for work purposes, I would say 80%. Can I claim Tax refunds on these "assets" and how would I go about calculating the cost of the asset based on the monthly contract price.

Am I correct in what I propose doing?

  Written by Marc  

I have dual citizenship. I have resided in the UK for the last 5 years with my children. Income from living annuity is being limited to 3%. I plan to sell my shares over 8 years and remit the proceeds together with the annuity to cover my living expenses and then increase my annuity to cover future shortfalls on my living expenses. I am 75 years old. My intention is to keep my taxable income below the tax threshold. I pay 15% WHT on dividends. I earn no income from any other source in South Afr...



Read more →

SARS demanding money that was paid by previous employers

  Written by Marc  

My previous employer claims to have paid taxes, and sent me a handwritten IRP5. SARS have contacted me stating that I owe them a large sum of money, which money should have been paid by my previous employer. I will not pay SARS for sums that have already been deducted from my previous payslips. What is my solution?

What to do if I have not completed my tax return with SARS?

  Written by Marc  

How can I complete my tax return?

In terms of a divorce summons, what will be taxable if the lump sum pension totals R1 800 000?

  Written by Marc  

In terms of a divorce summons, what will be taxable if the lump sum pension totals R1 800 000?

How do you register a newly formed company for tax?

  Written by Marc  

Just formed a new pty Ltd company. How do I register the company for tax with SARS ?

Non resident tax payer

  Written by Marc  

I am a non resident South African - I have been living outside of the country continuously for approximately 3 years. My only source of income in South Africa is a rental property that I own. I still pay a bond on that property. I have therefore tried to complete my return by noting the above. Is there any other procedures that I should follow as a non resident, in terms of making SARS aware that I am residing outside the country at present?

The definition of current tax

  Written by Marc  

What is current tax

Why are No UIF Conrtibutions & Benefits Payable By & To, Commission Earners etc. ?

  Written by Marc  

Why are No UIF Contributions & Benefits Payable By & To, Commission Earners?My Income is PAYE Taxable, but I Did Not BENEFIT Financially from UIF, When I Was Re-Trenched/Dismissed & Unemployed For 9 Months :-)

How can I get my SARS tax number easy and fast?

  Written by Marc  

I once registered with SARS, How can I get my Tax number easy without visiting the nearest Branch?

Where to declare foreign income on ITR12

  Written by Marc  

I am in the US on a work visa. I have not been back to US in over 2 years. I have South African rental income for the 2014 tax year but no salary income. Where do I declare my foreign income on my ITR12? Is it under SARS code 4222 or Exempt Amount i. T. O. S10(1)(o), or both?

How do I pay my provisional tax by electronic bank transfer through ABSA?

  Written by Marc  

How do I pay my provisional tax by electronic bank transfer through ABSA?I tried today, but the ABSA list of registered institutions says "instelling rekening nommer: nie beskikbaar nie"

How long do I have to pay back SARS

  Written by Marc  

Is there a time frame that taxpayers have to pay back SARS. I submitted my return in November 2014, and I have an outstanding fee of R2200.

Provisional Tax Deadline was Missed, couldn't get IRP6 registration in time.

  Written by Marc  

I'm sort of new to provisional tax (couple of recent months) and I was aware that I need to be submit a return by end of February. The one thing I didn't know is that I need to register for (IRP6) before I can submit one. Always saw it online on eFiling and figured it would work as normal (Income Tax section) and never tested the "functionality" so I did ask for a request to register but as it turns out I didn't get it in time. . . So I was wondering what options do I have? Can I get an extensio...



Read more →

My company is registered last year October I want to know when must I start make tax returns?

  Written by Marc  

I register my company last year I want to know when must I start to make tax returns ?

Classification of income for contract employment and permissible deductions.

  Written by Marc  

Hello. I work for a company where I was previously employed full time before I relocated. Now I work on a contract basis (contract renewable annually) performing tasks previously in my job description from a home office which I furnish, equip and maintain myself. I work unsupervised and submit an invoice monthly for a set number of hours worked and am paid an hourly rate. As this is my only income, the company deducts PAYE, but I pay for medical aid, retirement annuities and income protection pr...



Read more →
Older posts →← Newer posts    167  168  169  170  171  172  173  174  175  176  177  178  179  180  181  182  183  184  185  186  187

Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk

Get SARS Tax Deadlines in your Inbox
We'll tell you when you need to file, along with tax tips and updates.