If my previous employer has submitted my IRP5 forms to SARS will I receive a tax return?

Posted 2 April 2014

Please advise on the following. I have had two previous employers but I had not registered for tax or eFiling?

Recently, I had received my IPR5 from one of the previous employers. The IPR5 form was filled in by HR and had a 10 digit number which I assume to be my tax number, am I correct to assume so?

Secondly, if my previous employer has submitted the IRP5 forms, will I receive any return or do I have to register for eFiling and submit the forms myself in order to obtain a return?...

Read more →

Donations Tax?

Posted 2 April 2014

My parents are married in community. 1) Do they still need to fill in forms at SARS if they give me a donation of less than R100 000 each ? I understand that my dad can donate R100K to my mom tax free, but can my mom then donate that same R100K to me so that I can receive R200K in total for the tax year, or can they only donate a joint total of R100K?

Is your service for small businesses?

Posted 1 April 2014

Is your service for small businesses?

Will I pay SA tax on my UK pension and lump sum from deferred pension received in SA?

Posted 1 April 2014

I have lived in SA for 40 years and have just started receiving the portion of the UK pension that I am entitled to, will I have to pay SA tax on that. Also, because of my deferred pension and the choice of lump sum or extra pension, if I choose the lump sum and have it sent here will I have to pay SA tax, I can tell you the amount of the lump sum if you need to know it.

What is the reason a person earning below R100 000 is being taxed?

Posted 1 April 2014

Why is a person earning below R100 000 per annum being taxed?

Detailed medical accounts - what does SARS accept?

Posted 1 April 2014

I have hospital accounts with receipts (fully paid) and intend to claim a deduction from SARS with my 2014 tax return, however the hospital accounts ((Mediclinic), only state ward stock, theatre stock and dispensary stock. These items were either for medication or materials given/used. I would like to know if these accounts are adequate with this info or must each and every item used be specified for me to claim a tax rebate?

Tax payable on R2 608000

Posted 1 April 2014

How much tax is payable if I happen to resign and my basic salary is R388127 pa

Property Transfer Duty for Trusts

Posted 31 March 2014

If a trust is buying a residential property does it pay the same transfer duty as individuals? Further, if the trust was registered for VAT would that change the answer to the previous question in any way?

What is the tax on distributions from REITS?

Posted 31 March 2014

Is 15% holding tax deducted from the dividends distributed to a local investor from a Property REIT or not?

Do we need a tax directive to avoid paying PAYE due to working out of the country ?

Posted 31 March 2014

My husband works out of the country and in 2013 was in Moz for 63 consecutive days, meaning he shouldn't pay PAYE in SA. How is this worked out in the system? Should he be paying monthly PAYE, and refunded at year end, or does he need to apply for some sort of tax directive from SARS? He has been invoicing the company, who have paid him in SA but there are no payslips or PAYE deductions. Now we are applying for a homeloan, they want payslips.

do I need tax nr for pension fund

Posted 31 March 2014

I worked for 7 years for a company. And use to pay into a provident fund. My salary was R2700. I left the company for better pay. But I need my provident fund to pay out my money. Now they tell me I need to go to SARS for a tax number before they will complete my forms. I never payed tax because I earned so little. Please help me what shall I do.

What is the maximum split for company/employee toward a medical aid contribution?

Posted 30 March 2014

What is the maximum split for company/employee towards a medical aid contribution? If medical aid costs R6 741 per month in total - what is the maximum a company can contribute? Using pastel payroll, how would this be entered - is it classed as medical aid fringe benefit (code 6172)? How is the new medical aid tax credit entered for 2 people in payroll?

I have to borrow money from a friend to make ends meet, how do I get back on track with my tax?

Posted 30 March 2014

I used to be permanently employed, paid the normal PAYE every month, and all that. I dutifully submitted my tax return every year and got my refunds from SARS very promptly. I then left the company and did a brief stint at another firm whose business was totally unrelated. I then decided to go on my own and start working as an independent. Things didn't go as well as I'd hoped and I didn't earn enough to support myself and my children, let alone, pay any tax. A friend has been helping me to make...

Read more →

If I have worked before does it mean I do have the tax number?

Posted 30 March 2014

I have been employed and never have enquired about my tax number. Does it mean I have a tax number.

Expats living overseas, paying money into SA accounts to pay of debts, what's the tax implication?

Posted 27 March 2014

My husband lives in Dubai & worked there since 1 Sep 2013. We still have a FNB bank account with an Overdraft that we are paying off. At the end of Mar 2014 to Apr 2014 we will settle this account, by depositing money into his FNB bank account. What will the tax implications be seeing as we dont work in SA anymore or stay in SA anymore.

What are the start and end dates of tax year 2013?

Posted 27 March 2014

Is the period 1/3/2012 to 28/2/2013 SARS's 2012 tax year or 2013 tax year?

Should I be paying tax and at what rate?

Posted 27 March 2014

I'm earning R3000.00 should I be paying tax?

Do I get tax back on my provident fund withdrawal?

Posted 26 March 2014

Hi I received provident fund amount last year early in July and I would like to know if I can claim back any of the tax paid.

"Temporary expat" liable for South African tax?

Posted 25 March 2014

I left South Africa in Feb 2013. I started a limited company in the UK in April 2013. Myself and my wife are shareholders of the limited company, we're paid a salary and declare dividends.We're now moving to Germany, I have 2 homes in South Africa... one of which is currently under offer. The other is occupied by a caretaker.I understand that I need to submit a "nil tax return" this year and for any other years that I'm out of the country, but am I liable for any taxatio...

Read more →

Can I claim UIF for months unemployed before registering as a provisional taxpayer?

Posted 25 March 2014

I have just started my own business - well, technically I just freelance. Does this make me a provisional taxpayer.

In addition, I want to claim UIF for the months I was unemployed and not working (Dec, Jan, Feb). Can I still do this even as a provisional tax payer?

Should an annual salary be used rather than monthly on the calculator to ensure that a bonus is incl

Posted 25 March 2014

The TaxTim SARS income tax calculator does not make provision for a bonus/13th cheque. Should I just put the total salary including the bonus as an annual salary?

Tax reliefstructure salary for tax purposes?

Posted 25 March 2014

I pay medical aid for myself and 2 dependents

What deduction can I take monthly from my salary in this regards

The medical aid payment if R7000 a month as one of the dependents is over 21

What other benefitdeductions can I make on my salary to save tax ??

Can I pay tax in advance (est) without complicated forms.Then do forms annually and pay difference

Posted 24 March 2014

I always need to pay money to tax at the end of the year. I know it is about R 12,000. Or R1000 pm. Why can I not pay in say R1000 pm Estimate without filling in complicated forms, then fill in complicated forms once a year. I.e. pay in what I think monthly. i.e. accumulate tax credits via payments ahead of the final annual analysis.. i.e. just pay initially when I can afford, and pay in the difference after completing complicated forms at financial year end.

Provisional Tax Calculations?

Posted 24 March 2014

Hi there. I will as of the 1st of May 2014 be employed as an independent contractor to a company in Israel but will be based in JHB. Will I have to file provisional tax and how is this amount calculated?

I have still not received my refund from SARS, what could be the reason?

Posted 24 March 2014

What can be the cause to my tax refund being frozen?
Older posts →← Newer posts    227  228  229  230  231  232  233  234  235  236  237  238  239  240  241  242  243  244  245  246  247