How do I enter PAYE reference number

  Written by Marc   Posted 1 April 2022

I was just asked me for my PAYE reference number how does it differ from my tax reference number

VAT on interest

  Written by Marc   Updated 31 March 2022

I have a business that collects debt on behalf of other service providers, we eventually charge interest if the payments are overdue longer than 3 months. Are we required to charge VAT on this interest?

How do independent contractors get taxed?

  Written by Marc   Posted 31 March 2022

I will be taking a new job that requires me to be a contractor. There are mixed opinions on how contractors get taxed. The consulting company assures me this is a flat rate of 25%, but on reading SAICA's website I found this little nugget: " If the independent contractor works more than 22 hours a week, he/she must be taxed in terms of the income tax tables".
I will definitely be working more than 22 hours a week, can you tell me things will work, please?

The question of tax relates to how you are perceived to be working for the "employer" to whom you will be contracting out to...

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Is there a way I can register for PAYE on Sars Efiling?

  Written by Evan   Posted 31 March 2022

Q: How to Register for PAYE on eFiling

How should an online freelancer pay tax?

  Written by Marc   Updated 31 March 2022

Hi there, I need some advice. I currently work full-time but will be going freelance from April. I have already started some freelance work on the side, and wanted to know how I should go about paying tax for this? Most of the Freelance work I am doing is on an online website (for countries all around the world) and I transfer the funds into my bank account each month. No tax is taken off of this by the website, so I wanted to find out how I should go about paying tax, would it be a monthly or y...

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Independent Contractor versus Personal Service Company

  Written by Neo   Updated 30 March 2022

I'd like to get some clarity on whether there is a difference between an Independent Contractor and a Personal Service Company?

How much should I expect for tax on leave payment?

  Written by Evan   Posted 30 March 2022

Q: How much tax would I pay on my leave payment

Can I get a copy of my IRP5 form online?

  Written by Evan   Updated 30 March 2022

Where else besides from my employer can I obtain an IRP5 form? I no longer have the one I received.

Where to find proof of income tax reference number?

  Written by Nicci   Updated 30 March 2022

I need documented proof of income tax reference number - not IRP 5 or salary slip. Where do I get this? I need this for retirement papers.

Calculation of fringe benefit tax on use of a company car. / deduction claim

  Written by Alicia   Updated 30 March 2022

Calculation of fringe benefit tax on a company car. Car owned by the company used for business purposes and a small amount of private (home to work etc) Codes 6020 and 6035 are used. One is for the value of the vehicle and the other is the amount taxable. Does this get added to the taxable income? will code 6035 be the one that contains the taxable portion?

What is UIF

  Written by Alicia   Updated 30 March 2022

Is UDF the same as tax?? and if not do you know what the diff is??

Can I get help I forgot my password and username for SARS eFiling

  Written by Evan   Updated 29 March 2022

I lost my SARS eFiling username and password I need help. I already registered at SARS.

How would I calculate my rate per hour if my salary is R15000 per month

  Written by Marc   Updated 29 March 2022

How do I calculate my hourly rate if my salary is R15000 p. Month before deduction

PAYE calculation?

  Written by Alicia   Updated 29 March 2022

I received a total salary of R183477. 00 as from 01/07/2021 up to 29/02/2022. I would like to know how much PAYE was I supposed to pay. Take note I was working only for 8 months

Gross salary calculation and PAYE?

  Written by Marc   Updated 29 March 2022

I have a net salary of R49950, how do I calculate the PAYE tax and gross salary. Please help. No other benefits

How will my 13th cheque / bonus be taxed?

  Written by Marc   Updated 29 March 2022

How do you tax 13th cheque bonus if you earn 14560. 88 as basic salary before deduction

How to calculate gross from net salary

  Written by Marc   Updated 29 March 2022

How do I calculate gross salary if given a net salary? The gross salary should include the UIF and PAYE per month? For example, if someone's net salary, that is the amount that goes into the bank account is R50000. 00, what is their gross, considering only two deductions, that is UIF and PAYE?

What is the definition of tax threshold?

  Written by Marc   Posted 29 March 2022

I need to explain it to grade 12s

UIF contribution - how to work it out?

  Written by Marc   Posted 29 March 2022

What is UIF, how do you calculate UIF contribution, i.e. how much should an employee contribute for UIF...e.g., If an employee earns R15 000 how much will be his/her UIF contribution per month & how is it calculated ?? 

The Unemployment Insurance Fund (UIF) is a policy implemented by SARS (www.sars.gov.za). It is responsible for collecting and distributing funds to unemployed workers across the country to assist with lightening the economi...

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Difference between income tax number and PAYE reference number?

  Written by Marc   Updated 29 March 2022

Q: What is the difference between Income Tax number and PAYE Reference number?

Change of personal details for my SARS profile

  Written by Evan   Updated 29 March 2022

Q: Can I update my personal profile details with SARS online or do I have to go straight to the branch?

What is Gross Remuneration?

  Written by Nicci   Updated 28 March 2022

How is 3699 Gross Remuneration arrived at?

I have lost my SARS eFiling password and username.

  Written by Marc   Posted 28 March 2022

Please can you help me by giving me my password and user number, because I lost it and I am already registered with SARS.

How do you calculate leave days when paying out your employees

  Written by Neo   Posted 22 March 2022

Q: How do we calculate leave days?

Scenario 1: An employee who works 40 hours per week and who has a monthly basic salary of R17933.00 and has carried over 20 leave days of which we would need to pay out.  

Scenario 2: An employee who works 37.5 hours per week not 40 hours who has the same basic salary of R17933.000 and had 20 leave days to be paid, how would you calculate leave days?

 

A: You can calculate leave days as...

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My IRP5 is incorrect - can I edit it myself on eFiling?

  Written by Nicci   Posted 17 March 2022

SARS code 3601 on my IRP5 is incorrect - my employer is saying I received more than I actually got paid. My salary on my IRP5 (source code 3601) is R100 000, I then got deducted R25 000 PAYE, but when I actually got paid I only received R49 000 into my bank account. There are no other deductions on the IRP5.

Can I modify it myself on SARS e-filing? This was a once-off payment for work done, but it now seems that my employer underpaid the actual salary.
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