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Latest Posts in Tax Q&A

Do I use my PAYE no. to submit a Tax Return?

  Written by Marc  

I have not registered a tax return for the past 15 years.
I receive a pension and have a PAYE number.
Do I need to register with the SARS for my tax Returns or do I use the PAYE no.

Are bank charges deductable wrt interest earned?

  Written by Marc  

I have a money market account and am charged a monthly fee. Can I deduct this from my gross interest?

What is Section 89 Quat(2)

  Written by Marc  

What is section 89 quat(2) interest?

What will the tax impl be of transferring property

  Written by Marc  

I wish to have a property of my parents transferred to myself and the transaction to be concluded using an interest free loan from my parents. I then wish for them to write the loan off annually with the full amount that is allowed by tax, they are married in COP.Will this be possible?The value of the property is R1,5mil - municipal valuationWill there be any additional taxes on such a transaction?

Tax on small businesses?

  Written by Marc  

What if the Small business has had no profit, can I still claim from SARS

How do I claim the 2013 returns from SARS?

  Written by Marc  

Submitted 2013 returns this year and found out that SARS owe me a certain amount, how do I claim that amount from SARS?

Is interest from a government taxable?

  Written by Marc  

Is interest from a government source taxable?

What will happen if I owe SARS and I don't pay for decades?

  Written by Marc  

What will happen if I owe SARS and I don't pay for decades?

Paying tax working for a partnership.

  Written by Marc  

I have started a new job where I'm working for partners and they will be paying me R5000 each from their respective accounts. I have not paid tax before but assume I will have to start now. What type of tax do I pay? Colleagues contract themselves to them and pay a provisional tax. Do I pay PAYE of provisional tax?

Manual Audit - what is the time frame and turnaround from SARS?

  Written by Marc  

I have been selected for a manual audit. How long could this take and what does it involve? I have sent through all documents today.

When to submit provisional tax returns?

  Written by Marc  

Hi, I have submitted my 2013/2014 ITR12 - have now discovered that I am a provisional taxpayer. So do I have to now complete an IRP6 for the period March to August 2014?

TAX CLEARANCE CERTIFICATE

  Written by Marc  

FOR A TAX CLEARANCE CERTIFICATE APPLICATION -WHAT TYPE OF REASON FOR GOOD STANDING DO I NEED TO PUT DOWN?MANY THANKSNATASHCA

TAN RETURNS SUBMISSION

  Written by Marc  

I NEED TO SUBMIT TAX RETURNS

Will SARS give me my tax No. over the phone?

  Written by Marc  

If I've forgotten my Tax No., will SARS give it to me over the phone?

I am unable to log into eFiling with my details, is it because I manually submitted my return 2012-2

  Written by Marc  

I have registered for eFiling for the tax year 2011-2012 and in the tax year 2012-2013. I manually submitted my return. Please advise if I can still use my log in name and password for the tax year 2013-2014? I did try but unable to log in.

Who should claim the medical tax credit?

  Written by Marc  

I would like to find out if it is better to let my medical aid be deducted from my salary or is it better for me to pay it with a debit order, which method will be more beneficial.

Filing ITR12 on behalf of deceased husband?

  Written by Marc  

Hi there, my husband passed away in July 2014 and I don't know what procedure I must follow in terms of doing his 2014 ITR12.
Am I able to do it on his behalf and just file it as if nothing happened, as he was alive the whole of the 2014 tax year.

Thanks
Kathy

Early retirement lump sum

  Written by Marc  

I am resigning in December 2014, but owe SARS about R5000. Will SARS deduct it with my pension lump sum tax?

How is tax calculated on on half-yearly payments?

  Written by Marc  

I receive an average monthly salary of R25 000 for which PAYE is deducted at the rate given in the PAYE table.
However, I receive an extra R30 000 twice a year. For these two months PAYE is deducted at the rate given in the table as if I was earning R55 000 every month! Is this correct? Must the R30 000 payments be taxed at another rate?

Refund delay from SARS?

  Written by Marc  

I have not received my refund after 30 days. I have also had to go to SARS 3 times to verify my details.

What could be the problem?

Provisional Tax Payer

  Written by Marc  

Must I register as a provisional tax payer OR will SARS inform me?

Reimbirsive travel allowance declaration for income?

  Written by Marc  

I would like to if, how do submit for taxable reimbursive travel allowance?

Issue of IRP5 certificates at the time of Interiem reco submission

  Written by Marc  

Do an employer needs to issue IRP5 certificates to employees after the interim reconciliation submission

Can you help us do our CC's tax ourselves?

  Written by Marc  

We own a small business doing Tours and Transfers, registered as a CC with one owner. Can you assist us to do our tax ourselves, cutting out the accountant, but still qualifying for all possible tax exemptions and refunds?

Possibility of a Tax Number being shared?

  Written by Marc  

How is it possible that two people can share one tax number?
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