Can an employer who is not giving you benefits allowed to break down your salary, reducing basic sal

  Written by Marc   Posted 7 January 2014

My. Basic salary is R33943.06
My employer break it down as my basic salary is R28169.48 medical aid R3698.00 , vitality R39.00, provident fund R2063.58 rate per hour R192.20 then deduction is tax R6203.69 and UIFR148.72
Is this legal ? My employer does not give me any benefits from all the deductions.

Can PAYE be deducted if on commission only and can I invoice the company contracting me ?

  Written by Marc   Posted 7 January 2014

I'm a consultant and earned only 5% on commission. The company pays me a retainer of R10K per month. Can they deduct PAYE per month ( 5 month contract only)? if so, of how many %? Can I bill them in my personal capacity or from my CC? what would the tax implication be?

What is the definition of "place of effective management?"

  Written by Marc   Posted 7 January 2014

What is the definition of "place of effective management?"

Multiple IRP5 in tax return using TaxTim?

  Written by Marc   Posted 7 January 2014

I'm a provisional tax payer and I changed jobs in February last year. I would like to use TaxTim to submit my return, but would just like to ensure that the program will handle both provisional taxpayer and multiple IRP5s.

How do I calculate PAYE on a 13th cheque

  Written by Marc   Posted 7 January 2014

How do I calculate PAYE on a 13th cheque

Is the primary residence exclusion applicable if property was lived in and rented out?

  Written by Marc   Posted 6 January 2014

I have a property that I have recently sold. I lived in it for 7 years and then rented it out for 3.5 years subsequently. Now that it has been sold, do I qualify for primary residence exclusion on any portion of the capital gain? Is it pro-rata for the years that it was my primary residence, or how would I apportion it?

Registration for TaxTim?

  Written by Marc   Posted 5 January 2014

How can I register as a new user without using the Facebook option?

Leasehold improvement - how is this taxed?

  Written by Marc   Posted 30 December 2013

Our company has to make improvements to our offices that we lease. I know we should account for these as leasehold improvements and amortize it over the lease period, but will this amortization be a tax deductible expense? (will the accounting and tax treatment be the same?) The total improvement will be less than R7 000 can I rather treat this as a "small items" deduction?

Resident abroad aiming to cash out shares/ unit trusts, do I need to register with SARS ?

  Written by Marc   Posted 30 December 2013

I am a dual citizen (SA & European). I am currently living abroad on my European passport and never formally emigrated from SA. As a result I still hold a bank account there, as well as unit trusts & shares. I left SA shortly after studying so never had a job there/ paid income tax/ registered with SARS. Although I still visit the country on occasion, I am no longer a resident there. I would like to consolidate all my SA assets (have it all in one place) so I would like to "cash out...

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How much will I get being paid R6000,00 a week after paying tax?

  Written by Marc   Posted 27 December 2013

How much after taxed on R6000 for per week?

Confused about a tax audit?

  Written by Marc   Posted 26 December 2013

Hi Tim

I made a mistake on my tax return and included my employer contribution plus my own contribution to the company pension as well as my RA contribution under the RA section of the ITR12 as I was confused by the note that came up on screen saying the amount should also include the pension amounts appearing on the IRP5. I was uncertain but erred by putting down the full pension and RA contribution amounts.

However, I think this flagged me for an audit (never happened bef...

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Will I be taxed on gifts from my son in a foreign country?

  Written by Marc   Posted 22 December 2013

My son wants to give me 3 000 US dollars a month for the next 6 months as a gift. I am a house wife married with anti-nuptial contract. I don't earn anything and am not registered with SARS. If I receive this gift from my son will I be taxed on it?

Tax on Sale of Personal Website?

  Written by Marc   Posted 22 December 2013

I own a website that I started as a Hobby (showcasing information about various sports teams and tournaments). The novelty has since worn off and I now want to sell the website. I have never earned or attempted to earn revenue from the website. Would I have to pay tax on the sale price? If so, what type of tax would I have to pay? (I am currently below the age of 65 and unemployed).

The website was given to me as a gift quite a number of years ago. I have since purchased domain names ...

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Income & Expenses sent in my tax return and only income was acknowledged.

  Written by Marc   Posted 19 December 2013

What will happen with my 2010 tax return that SARS did not "allow" for my expenses, only my income and are now asking for a huge amount that I owe them?

SARS not reviewing third efilling correction, requesting documents for something I corrected.

  Written by Marc   Posted 19 December 2013

Great website

I submitted my tax return, via eFiling, and made two corrections (Re-filed) the one was a medical expense correction where I was a few rand off, and the second was depreciation of an iPad for business use (Calculated for 50 percent business and 50 percent personal) - On the initial return I depreciated the full amount (R2033) and on the third correction on my return I depreciated over three years (R190)

I submitted documents for review and audit, and today I received a SARS letter request to submit documents review for the R2033 amount. For some reason SARS is not picking up my third e-filling correction....

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What is tax rate for RI on 17,000.00 on early withdrawal?

  Written by Marc   Posted 18 December 2013

If I am taking out my pension as a cash out as of 4/1/14 and I am 39 years old what will the tax rate be on 17,000.00?

Where do I find link to 'Directives' on home page of website?

  Written by Marc   Posted 17 December 2013

Where do I find link to 'Directives' on home page of website?
'Services' does not include a sub heading 'Directives'.

I don't understand the SMS received: statement of account has been issued on SARS eFiling?? meaning?

  Written by Marc   Posted 15 December 2013

i received a sms : a statement of account has been issued on SARS eFiling? when can I get my money

URGENT - SARS sent me an email - what to do?

  Written by Marc   Posted 14 December 2013

I received a email from SARS eFiling that says "A payment has been made into your account from Sars-Efiling,it will take a period of 5 working days to reflect,during this process your account will be checked and verified" .How do I know it is not a scam, will you please help me to find out if it is true?

EMP 501 completion?

  Written by Marc   Posted 13 December 2013

how do I complete an EMP 501 , for paye reconcilation process and when should I submit it?

Is TaxTim compatible with Iphone 5

  Written by Marc   Posted 13 December 2013

Is Tax Tim logbook, compatible with Iphone5. Is there an Tax Tim app for iphone

How long does is take to get the money in the bank account after ITA34 sms?

  Written by Marc   Posted 12 December 2013

How long does is take to get the money in the bank account after ITA34 sms?

After getting the ITA34 sms does that guarantee you that you will get some money?

  Written by Marc   Posted 12 December 2013

After getting the ITA34 sms does that guarantee you that you will get some money?

Tax with bonus?

  Written by Marc   Posted 12 December 2013

If you earn R5500 a month and in December you get bonus of R5500 as well as your pay for that month. How do you work out how much tax you pay.

Am I viable for a tax return?

  Written by Marc   Posted 12 December 2013

Am I viable for a tax return and how do I find out if I am?
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