Is R860 tax on R4600 gross income correct?

Posted 3 January 2013

Hi, I have been working for a company and my gross income is R4600 yet they are taxing me R860.

If I am earning two salaries how does tax work?

Posted 3 January 2013

I am currently earning a salary as a designer in a design company and now also earning an extra income by designing a disability newspaper on weekends, my company has finally gotten funding from the government and they are back paying me R5000 for doing the newspaper layout, how much do I need to be taxed on this amount? They have taxed me R900, is this correct? Thank you for your help.

Offshore tax exemption

Posted 3 January 2013

There are roamers stating that if you work outside SA (offshore and not shore based) and your income is foreign based you do not require the 60 day period as indicated in section 10 o or 10 (1)o and in some instances don't even require the 183 day if you have been tax exempt for more that 5 years continuously . Please could you shed some light on these roamers..

Tax on salary of R14355.00 per month

Posted 3 January 2013

What is my tax amount that I should be paying?

Do I have to follow the 183 day Tax law with 60 days consecutive?

Posted 3 January 2013

I currently work for a company in the Netherlands. I don't work in the Netherlands, I actually travel / work throughout Africa excluding South Africa. When I receive my Salary in South Africa it is paid from one of our subsidiary companies in Cyprus (which I know is a tax free haven). I would like to know if I have to follow the SA Tax Law?

Are donations received from various individuals taxable?

Posted 3 January 2013

I do voluntary work in poor communities after quitting my job a few years ago. Various people knows this and are paying money into my account as donations. Is this money taxable in my hands?

The amounts varies between R20,000 - R30,000 p.m. I do not know all of my supporters as a lot of them stays anonymous and just put 'donation' on the bank reference.

Most of the amounts are paid to me this way on a month-to-month basis and the biggest amount is R6,000 p.m. I am not offer...

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Basic and commission

Posted 3 January 2013

I would like to know what is the percentage tax on commission.

I earn an R8000 basic and about R4000 commission.

What will I get out at the end of the month?

Thank you

Import license / register under personal name or business name?

Posted 3 January 2013

Hi Tim
Just started my own business - and still need to learn the ropes.
Im doing everything according to the book / or am trying to.
I will be importing products - so should I register the import license to my personal name or to the business. Tax implications?

Thanks a lot Tim

Declaring PayPal income

Posted 3 January 2013

I need help with declaring income from admob.
I've been developing apps and have recently been receiving a good income stream from admob, paid to me via PayPal.
Would it be better to register a company?
Or should I continue receiving the money in a personal capacity?

Who registered me at SARS without notifiying me?

Posted 3 January 2013

Two days ago I received a letter from SARS confirming me as a registered taxpayer. I only earn R10,000 per annum and I never registered at SARS as I know I don't qualify. My question is can a scheme register me with SARS without notifying me / my permission?

Freelance earning under R60 000 p/a. What tax do I pay?

Posted 3 January 2013

Hi,

I work on a freelance basis. I have one regular client who deducts tax from my pay (@ 23% of invoiced amount).
Other clients pay me in full.

I earned less that R60 000 in the 2012 tax year as I was abroad for most of the year.

As far as I understand, I should not have to pay any tax as I have earned less that R60 000? But I should be reimbursed for the tax I paid through client?

What tax forms do I need to complete?

Thanks

How can I retrieve my tax number via the internet?

Posted 3 January 2013

I am registered under SARS but my employee has not given me an IRP5. How can I retrieve my tax number using my personal details?

Is a sale of software, IPR or patent considered a capital gain?

Posted 3 January 2013

Dear Tim,
Me and my wife have been developping few software packages for years.
Now we have a client that wants to purchase them.
1. Is the sale of the software and/or IPR and/or a patent considered a capital gain?
2. Is it is a capital gane, can we sale those in our private capacity?
3. How if this taxed in case that we receive 200k per person each year for a period of 5 years?

Thank you

What other means of payment are there?

Posted 3 January 2013

I'm not able to go in the bank and deposit the money, as I work till late. I also don't have a credit card or any means of doing it online.

How do I claim tax back as a South African working outside of SA?

Posted 3 January 2013

Hi, I am a South African working outside South Africa, getting payed by a South African company into my SA bank account. The company pays my PAYE / Pay As You Earn. I am out the country for - 260 days a year, and have time period longer than 90 days consecutive outside of SA. How can I get my tax back?

Employer pays medical aid - put this under 3810, 4005 and 4474?

Posted 3 December 2012

I just wanted to confirm that if an EMPLOYER pays all medical aid subscriptions does one list this amount paid by the EMPLOYER under codes 3810 & 4005 & 4474?

So in effect one would have the normal salary under code 3601 and then under code 3810 the FULL medical subs paid by EMPLOYER and then list this SAME amount under codes 4005 and 4474.
Is this correct?

Also does one need to use 4116 to show the tax credit of R230 x 6 or 12 depending on if it is the annual IRP5 cert or the bi-annual certificate? ...

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How much tax is paid on R5,500 and less and is tax paid on commission?

Posted 25 November 2012

My business partner and I have just opened a spa and are paying our therapists less than R5,500 per month. They then also get 10% commission on all treatments performed. Are they required to pay tax, firstly on their salary and secondly, on their commission? What about gratuities?

Also, we have submitted the registration forms for Income Tax and PAYE - we now have a tax number but are waiting to hear back from SARS about PAYE (when I called the call centre they said that the forms hav...

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How do I change being registered with a tax company/organization to being an individual tax payer?

Posted 22 November 2012

How do I change being registered with a tax company/organization to being an individual taxpayer?

Where do I declare dividends on my tax return?

Posted 22 November 2012

Would I need to confirm my dividend for the financial year on my tax return and if so where? I have no idea where to put it, what source code to use and also where to show the tax paid on it? Help!

I'm earning above the tax threshold and have not submitted tax returns.

Posted 22 November 2012

How do I go about avoiding penalties? Do I just submit for this year on e-filing or do I apply for the VDP to avoid penalties?

Can I claim my prescription glasses as medical expenses?

Posted 22 November 2012

I cannot see without glasses and have been prescribed glasses for anytime use and driving. Can I claim this from my tax as medical expenses - they are very expensive!

Was I qualified to pay tax return in 2007-2008?

Posted 21 November 2012

I never submitted my tax return for 2007-2008. At that time, I was earning R69000 per annum. Also the tax return was done manually and unfortunately I can't find any copy. Now in 2012, SARS wants me to pay R8000 penalty.

My questions are:

1: was I qualified to pay my tax return?
2: What must do to dispute this penalty as I am not earning much currently?

Thanks in advance for your advice.
Ps: I am a permanent resident(SA).

How do I restart the TaxTim questionare?

Posted 21 November 2012

I have changed my status from provisional taxpayer to PAYE. The questionnaire asks me questions relating to source codes eg. 2006, 4002 etc which are not on my IRP5 form. What should I do?

Start of employment period on tax return

Posted 21 November 2012

I would like to know I am permanently employed and started my employment a few years ago and still am. Which dates should I fill in when asked to input earliest month of employment?

How to submit a dispute after IT34 notice

Posted 21 November 2012

I am a medical doctor working in a state hospital. I get an IRP5 from Western Cape department of Health. I also earned R12 020 in the last year doing private locums which I have declared. I understand that I will have to pay tax on this amount and have made provisions for this. When I received my IT34, it says I owe R11000 (almost as much as I earned in total). I usually get money back on my returns (from medical aid, income protection and retirement annuity) so I don't know how they calculat...

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