What are the benefits of non residents for taxable income in South Africa?

Posted 1 March 2013

I am living overseas for the past ten years and have visited South Africa occasionally for not more that 3 weeks per annum. I earn interest (R24500); dividends from private companies (R65000); retirement annuity income (R17500) amounting to approximately R110K per annum. I am paying taxes as a resident. What will my taxes be like if I were to be taxed as a non resident. Will I still be entitled to the rebates. I am 62 years old and am married in community of property. I will appreciate a hypot...

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She's not sure if the tax deductions are correct?

Posted 28 February 2013

My spouse is 26 years old and her basic salary is 19 400 including other earnings which adds up to the total of 28 270 per month. Every month her tax deductions are close to 5000, her monthly deductions adds up to 13 000 including tax, which means she takes home +/-15 000...is the tax deduction ok?

I am a student under contract, now earning +R3250(basic), used to earn +/-R3000(basic).

Posted 27 February 2013

I found that they made a mistake when calculating my hourly rate for 10 month, so I end up getting a back pay. When I received the back pay, it reached the salary tax scale. So my salary was tax. My question is that were they suppose to include my basic salary with the back pay? Or give me a cheque for the pay since I'm earning that small amount. Your immediate response will be appreciated. Thank you.

I worked out at sea for 7 months last year, earned $ and was told I don't owe SARS?

Posted 26 February 2013

Is this true or am I in the dwang with the man?

Donations between spouses, are they taxable?

Posted 26 February 2013

Are donations between spouses, in the form of a regular allowance or a lump sum, taxable? Please advise the position for each spouse if possible. And does the receiving spouse need to declare under 'amounts not considered taxable' on ITR12?

Tax due on unpaid invoices

Posted 26 February 2013

At the end of the current financial year I have invoiced clients approximately R400K which will only be paid to me in the new financial year. Do I still pay taxes on the unpaid invoices at the end of the current financial year or do I carry the ex vat value over to income in the new financial year and pay taxes only in the new financial year?

DBX tracker funds - are these taxed as local dividends or foreign?

Posted 25 February 2013

We have some DBX tracker funds, when we get a monthly statement from the broker income is listed as foreign, but when the tax certificate is sent it is included as local, really confusing when doing provisional tax.

Would iI need to start paying tax yet if i just graduated and would be on a 6 month contract?

Posted 24 February 2013

I completed my degree at the end of 2012 and started interning for an advertising company from Nov 2013 till the end of Feb 2013.

Now they will be employing me on a 6month contract between April and September and I will be getting between R5000 or R5600, contract details have not been discussed yet. But would I have to register as a tax payer if I get the R5000 as I woud be earning less than R5300 or would the fact that it is in the middle of the tax year exempt me from this? How do I go about finding out about SARS things as their website is confusing, I know nothing about these legal things and I'm scared to get caught up like Wesley Snipes... :(...

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How can I find my tax number?

Posted 22 February 2013

I need it urgently.

I did not submit my supporting documents in time?

Posted 21 February 2013

After submitting my tax return for 2011 SARS requested supporting documents (logbook) from me. I failed to submit the relevant document in time (I did submit the document after the due date). They asked me to provide reasons why I submitted late, which I did. They now refuse to accept my reasons and refuse to accept any deductions for my car allowance. According to them I now owe them R 280 000-00. What do I do? Can they do this?

Tax deduction if I pay spouse's medical aid?

Posted 21 February 2013

I earn R8400 and pay R1536 monthly for my husbands medical aid. Can I deduct it monthly from my salary for tax purposes?What is a good percentage to pay for medical aid on your income?Thank you

I have to send in my provisional tax information for the 1st time, have no clue, PLEASE help

Posted 20 February 2013

Need to submit provisional tax info. I am employed and have a business on the side. What info do I submit?

If I am a Sole Proprietor earning less than R59 750 for the tax year, am I a provisional taxpayer?

Posted 20 February 2013

I am a Sole Proprietor (offering consultancy services) who is earning less than R59 750 for the tax year. I'm not sure if I should be registered for Provisional Tax and filing IRP6s or not?

How can I account for a lost laptop?

Posted 20 February 2013

I've just started up as a sole proprietor and would normally depreciate laptops etc over 3 years. However, this year I lost a laptop that was not insured, and had to replace it. Can I write off the full cost of the lost laptop in this year? If so, would this still fall under depreciation?

What tax do I pay, PAYE and UIF, to get a net of R6500

Posted 20 February 2013

PAYE
UIF
Tax

Where must I claim tax back from?

Posted 19 February 2013

Where must I claim my tax and where can I get the IRP5?

I am stuck on the provisional for 2013, what do I need to do?

Posted 19 February 2013

Apparently I have to submit a something by end of feb. I had a permanent job up until August 2012 and thereafter earned money as a sole prop. I dont know how to add the two together surely my ex employer should have submitted a doc for me because I was just PAYE even though I had a provisional tax number.

Unwanted ITR12?

Posted 18 February 2013

My application date was 2011-05-30, but for some reason they set my year of liability to 2011, so now I have an ITR12 for TaxPeriod: 2011, but I wasn't earning in that tax year. Should I just file an empty return (tick the "Were you unemployed for the full year ..." checkbox, or should I contact them and ask them to remove it?

How is PAYE tax calculated when employed by 2 separate employers?

Posted 18 February 2013

Is tax calculated individually per employer or combined?

Additional income, how do I show this on my tax return?

Posted 15 February 2013

I am a pensioner with a pension below the tax threshold. However I have additional income from a part time job. Must this amount be added to my pension (which is then taxable)? How do I calculate the PAYE that is then payable?

What is the difference between a Company vs CC for tax purposes?

Posted 15 February 2013

Kindly assist me. From a tax perspective, which is the better option to open, a company (Pty Ltd) or a CC?
Is it better to purchase a shelf company or CC or to register it self? (I'm aware that you can't register CC anymore) To amend all the details of shelf company to yours, won't it be more expensive at the end of the day?

Want to pay my provtax. From FNB Where do I do it?

Posted 14 February 2013

Where do I pay Prov via Internet?

Part-time accounts clerk - what are the tax implications?

Posted 13 February 2013

We just hired a junior accounts clerk to work 5 hours a day at R50/hour, 5 days a week. Hence, 100 hours a month.

I would like to know what the tax implications will be for this person due to the fact that he won't work full day. He is on 'probation' for at least 3 months with us.

I have queried a couple of people regarding the preparation of the agreement/contract whilst doing the research online. I am also currently finding how to categorise him on Pastel Payroll from Pa...

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If an employee earns less than R50 000/ R60 000 per annum, do they qualify for a income tax number?

Posted 12 February 2013

This question is required for work purposes including employees needing to register for income tax urgently.

If you stay out of country for 183 days, 60 days consecutive, can you apply for a NIL percent tax?

Posted 11 February 2013

A directive that no tax is being taken off from your salary? As far as I am aware the lowest percentage directive is 18%. This person only comes to SA for holidays. I was informed that there is a NIL directive but not according to SARS???
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