Tax as a remote worker

  Written by Neo   Posted 21 June 2017

My primary source of income comes from an overseas company who I work remotely for (it's on a permanent basis but I'm not under a contract). I get paid every month, through TransferWise, in dollars. I also earn some income off royalty based products and some freelance creative jobs. I'm finding it quite complicated to set up a tax paying structure with this setup. Could you possibly give me some advice on how I could set up a tax paying structure with this way of working?

Employed on Contract Basis (PAYE)

  Written by Neo   Posted 1 June 2017

I've gone from working for an employer to freelancing and now I'm working on
a contract basis. I'm not taxed on my contract income. All I do is send an invoice and they pay me and deduct nothing off that. I'd like to still pay SARS the PAYE, is that possible? (I have my own retirement fund).

Tax on my foreign salary

  Written by Neo   Posted 31 May 2017

I work for a company based in China and they pay me a monthly salary in US
dollars. I won't be getting an IRP5 from them. So, how do I pay tax and how do I complete my tax return?

What type of tax category do I fall into?

  Written by Neo   Posted 2 May 2017

I have one client in the US, I use all my own equipment and work from home. What type of taxes should I be filing? I am based in South Africa and bring funds through via PayPal, I am not taxed in the US as I am considered a independent contractor.

Working for a salary that varies

  Written by Neo   Posted 28 April 2017

I am starting a career as a tour guide and the company will require us to
sort our own taxes out. The amount of money I will earn per month will
vary. The salary will consist out of a salary paid from the company per
trip, as well as tips.

How do I go about tax when your salary will vary per month?

Registering for provisional tax for start-up?

  Written by Neo   Posted 24 April 2017

Does a start-up company (dormant pty company) with zero income for first 2 years, have to register for provisional tax?
The director does earn a normal salary from employer, but created company name to work on part time. The director is busy with research before there will be any taxable income. The director created the company name to reserve the name before it is taken. ( the company also needs tax number) Do not want to go through the admin for provisional tax before it is needed. Only ...

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Tax on income paid in US dollars

  Written by Neo   Posted 20 April 2017

I'm a South African citizen. Currently living and working in Argentina, but I'm considering taking a job that would allow me to move back home. The job would pay me in US dollars on a monthly basis. How would I pay tax and what amount is taxable and how does this all work. (Let's say the salary would be 4000USD per month).

Earning between R20 000 and R1 Million on Forex Trading every week

  Written by Neo   Posted 13 April 2017

I'd like to find out if I pay myself R20 000 to R1 Million every week, do I have to register as a taxpayer or do I use the existing tax number that I use as an employee in another company?

Income from overseas

  Written by Neo   Posted 10 April 2017

My wife does some occasional freelance work for a company overseas. As well as here in South Africa.
Her local freelance brings in about R3500 per month. She doesn't currently pay provisional tax as the amounts are too small. She's recently taken on some international freelance work that amounts to
about R10500 every second month or so. What are the tax implications of the international income?
Does she need to declare it and can she declare it as a donation?

Provisional Tax Submission

  Written by Neo   Posted 31 March 2017

I freelanced for the 2016 tax year. I just applied to be a provisional taxpayer on SARS eFiling. Do I need to fill out an IRP3(pa)? And when is my first provisional tax payment due?

Working from Home

  Written by Neo   Posted 26 March 2017

I work from home and make approximately R25000/month. I don't do much traveling and I
manage everything from my desk. I service one company only- I'm basically working for myself. They don't cover any tax etc. and I receive this
payment monthly. What's the best way to deal with the Tax?

Provisional Tax and REIT Income

  Written by Neo   Posted 24 March 2017

I'm a stay at home mom. The only income I get is from interest ( - R10000.00), dividends (-R15000)and REIT Income ( -R25000). I file only 1 tax return per year. Should I be registered for provisional tax due to the REIT income?

Registering as a Provisional Tax Payer?

  Written by Neo   Posted 22 March 2017

I had freelance jobs and although I don't own my
own business/am not registered as a business. All but one of the freelance
jobs were taxed.
Should I register as a provisional tax payer? If so, how do I go about
doing this and what deductions can I make? e.g. Can I claim for Uber trips,
cellphone bills, wear and tear on my equipment (computer, camera) etc? If I
can claim for things like this, how do I go about doing it?

Set-off: Tax loss of different trades

  Written by Neo   Posted 22 March 2017

As an individual can I set-off a trade loss from a trade (such as a coffee shop, which I am trading as a sole proprietor, 1st year of trading) against my other taxable income being a salary and rental income.

How to enter a severance payment in my provisional tax return?

  Written by Neo   Posted 28 February 2017

I'm doing my provisional tax return and received a severance payments during the year as part of a voluntary retrenchment. My employer applied for a tax directive which was successful and I received the lump sum pay-out with the tax benefits associated on the sliding scale. How do I deal with this in my provisional tax return? If I enter the severance payment gross amount, the SARS eFiling system calculates taxes on it using the normal tax tables (it gets calculated at the highest marginal rate...

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Which base cost to use when calculating CGT?

  Written by Alicia   Posted 24 February 2017

I bought some Satrix Divi through the Satrix Investment Plan in Aug 2007. All dividends were reinvested by Satrix, ie every quarter more shares were bought. In July 2011, I transferred all of my "units" to an online broker and made no further purchases. For the first few months, my statements from that broker show a base cost per share of 0. Suddenly, in the March 2012 statement, it lists a cost per share, which appears to be the share price on March 16 2012. I have just sold these share...

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Do I need to file a tax return with R260 000

  Written by Alicia   Posted 24 February 2017

I am unemployed but earn interest income ( approximately R260 000 annually)from fixed term deposits
I am under 65 and contribute to medical aid and retirement annuity
Do I need to file a tax return

Why 2 returns in one month?

  Written by Alicia   Posted 23 February 2017

I have just filed a tax return in February 2017 and have to pay in an amount by end March 2017. Why am I asked to file ANOTHER tax return for provisional tax before the 28th February 2017?

SARS correction still possible?

  Written by Alicia   Posted 17 February 2017

I submitted an income tax return as farming sole prop for 2016. SARS requested supporting documentation and then I uploaded an income statement. I then received an Operations Audit letter from SARS asking to furnish them with the reason of farming income loss. The letter was emailed and does not appear on SARS eFiling. On SARS eFiling they sent a new letter the same as the old one requesting supporting documentation and the generic letter that says if you dont agree re-look at your tax return. I...

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File ITR14

  Written by Alicia   Posted 16 February 2017

My company was registered in October 2016 and my financial year end is February, can you help me do my IRP6 and company tax return or should I wait as the company have not started trading?

IRP6 required

  Written by Alicia   Posted 16 February 2017

SARS requested an IRP6 from me but I was not trading in that tax period, what should I do?

How do you perform tax calculations for property and interest while married in Community of Property

  Written by Alicia   Posted 16 February 2017

My husband and I own property, receive interest income and are married in Community of Property. What percentage of the property income, property expenses and interest income should we each include on our Provisional tax under the total turnover and estimated taxable income respectively?

Payment of income tax on rental income and interest earned.

  Written by Alicia   Posted 14 February 2017

I have some rental income that I would like to invest monthly in my fixed deposit. I know I must pay tax on both the rental income and the interest earned but when? I have to fill in a tax return twice yearly as a provisional tax payer. If the rental income and interest is fixed into the deposit account and I am not allowed to withdraw money, how would I go about paying the interest? Should I keep funds separate specifically for this in another account.

Deregister foor provisional tax

  Written by Alicia   Posted 14 February 2017

I am an estate agent and earn only commission income. I am registered for provisional tax, but my employer has now started to deduct PAYE from my commission. Can I now deregister for provisional tax?

IRP6 completion

  Written by Alicia   Posted 14 February 2017

SARS says that my taxable income is an error, but I declared the income I earned for the year.They keep speaking about my previous year's income but I am no longer employed, how do I fix this?
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