Do your Tax with TaxTim and WIN R10,000  More info   T&C's apply

Latest Posts in Tax Q&A

If I get payed R4500 how much tax to I have to pay?

  Written by Marc  

How much tax do I pay if I get R4500 a month?

'Gift' income from UK - is it taxed?

  Written by Marc  

My parents who live and work in the UK have given me some money, just under R100,000.00
Essentially this money is support for airfares and expenses incurred due to the illness of a family member overseas, and my need to travel.
They transferred it using TT from a UK bank, and this has been automatically flagged by my bank to SARS and FSB etc.
Will I be taxed on this 'gift' ?

VAT Returns not submitted by 25th, I need to submit manually because efiling not activated by SARS?

  Written by Marc  

I've recently registered as a VAT Vendor. I now have to submit VAT returns so I registered for SARS eFiling last week and faxed through the form as well as my ID to SARS to file online. According to the website this should be activated within 24 - 48 hours. Its now 4 working days. When I called SARS they said I should submit my return manually. The problem is its passed the deadline for 25th. How do I avoid interest and penalties.

Donations tax w.r.t children

  Written by Marc  

Can a parent contribute money towards the purchase price of a child's new home without being liable for donations tax if the amount is more than R100,000?

How to register a CC for income tax purposes?

  Written by Marc  

I own a small CC company, do I need to tax register myself and the business separately? Or is there something that covers both?

Running office from home? - can I claim for tax purposes?

  Written by Marc  

I am permanently employed and run my office from home , the company pays a portion of the rental and I pay the balance, this is not reflected on my payslip though, they merely deduct my portion of the rent from my salary and pay the full amount to the estate agents. The deduction is under "other" on my payslip, my question is will I be able to claim any amounts back for electricity , security etc etc ?

I am currently earning R8,500. What is my PAYE?

  Written by Marc  

I am currently earning R8,500. What is my PAYE?

Severance pay - how do I show it on an IRP5?

  Written by Marc  

I need to pay severance pay - what IRP5 code should I use to ensure it is taxed correctly?

NRFI CODE 3698 on the IRP5?

  Written by Marc  

My question is about code 3698 with the same amount that appears on code 3601,what does that amount on code 3698 mean? Is it the money I'm going to receive or what? Please help me understand these terms.

Do you guarantee payment?

  Written by Marc  

Do you guarantee pay out as per return completed on your site?

If I received payment Iast year from SARS, must I submit again this year?

  Written by Marc  

If last year I received money from SARS, must I submit again To Dis year?Or

Which Source Code must I use, when I take out a loan from either a bank or a policy?

  Written by Marc  

If I take a loan either from a bank or from my policy which source code should I put on the tax return & where (under which heading? Income Received/Other Income)?Where can I find the document with the Source code relating to the above question? I downloaded the source codes booklet from SARS but there is no explanation on it for loans.

Will having a few policies affect my tax return?

  Written by Marc  

Which policies affect tax payments?

I need to fill in my ITR12?

  Written by Marc  

After registering on eFiling what is the next step?

NOT WORRKING CAN I CLAIM MEDICAL EXPENCES

  Written by Marc  

GOOD DAY I JUST WANT TO FIND OUT.I DIDN'T WORK FOR A YEAR BUT HAD MEDICAL EXPENSES. CAN I STILL CLAIM MEDICAL EXPENSES ON eFiling?

Can I claim tax refund?

  Written by Marc  

Can I claim a tax refund even though I don't work?

Forms required to complete for provitional tax on eFiling as sole proprietor, how to do EFT Payment?

  Written by Marc  

I am registered with SARS on E Filing as a sole proprietor, what forms do I complete and how do I do EFT payments

How do l get a tax number?

  Written by Marc  

I've never been registered at SARS so I wanna know how do I get a tax number?

When should I register as provisional taxpayer from?

  Written by Marc  

I'm starting contract work on 1 July 2014 (payable by client in first week of August), in addition to salaried work. If I register as provisional taxpayer in July or August, would I still have to submit my first return this August, or should I wait until after Aug to actually register? I'm concerned that projected earnings to Feb15 will inflate what I'd need to pay in August, considering I wouldn't have earned it yet to keep the extra tax aside?

Prior years eFiling?

  Written by Marc  

Ok I have a few questions. If I want to submit tax returns for prior years, how far back may I submit? and What is the required minimum income (I know this year it is R250000) but wasnt it different in prior years?
If I submitted my tax returns a few years (4) back manually? will I be able to see the assessment on eFiling? If not how can I get my assessment? And if I was previously required to submit a tax return but am not required to anymore do I still need to submit it?

I work in sales, can I claim for my laptop and tablet which is used for work purposes?

  Written by Marc  

I work in sales, can I claim for my laptop and tablet which is used for work purposes?

Will I get money from SARS?

  Written by Marc  

Do petrol attendant also get refunds from SARS after being dismissed by their former employers?

What happens if a taxpayer passes away?

  Written by Marc  

What if one passed away can anyone on your family can claim your tax?

Outstanding tax returns deceased 87 year old.

  Written by Marc  

My 87 year old father passed away in Feb 2014. The executor of the estate told me that they can't finalize estate because he hasn't submitted tax returns since 2010. All documents I have is his bank statements. He was a retired farmer and did not receive a pension. What should I do?

Tax exemption information for old age and disability centre?

  Written by Marc  

We have applied for a tax exemption as non profit organisation last year December, we didn't receive a response. What can we do to get the certificate?
Older posts →← Newer posts    220  221  222  223  224  225  226  227  228  229  230  231  232  233  234  235  236  237  238  239  240

Submit your tax return right here!

TaxTim will help you:

 Do Your Tax Return Easily
 Avoid penalties
 Maximise your refund

Tim uses your answers to complete your income tax return instantly and professionally, with everything filled in in the right place.

Let Tim submit your tax return direct to SARS in just a few clicks!

Get started

Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk

Get SARS Tax Deadlines in your Inbox
We'll tell you when you need to file, along with tax tips and updates.