New to tax, what taxes must I pay and how?

  Written by Marc   Posted 4 September 2013

HI

I'm new to the tax paying thing, and want to know, I have just started working earning R17000 and want to know what taxes my work should be paying and what I have to pay or submit or.... with the help of Tim of course :-)

Thanks

Regards
Pascal

Claiming for medical expenses paid out of personal savings account.

  Written by Marc   Posted 4 September 2013

I did not have a fixed monthly income for the tax year ending Feb 2013. My medical expenses were covered from my personal savings account. I incurred medical expenses; can I still deduct the medical expenses paid from out of my private savings?

I haven't been paying tax since starting work (5 years). What are the implications?

  Written by Marc   Posted 4 September 2013

I have been working since 2008 and earning enough to qualify for tax but I am not a registered taxpayer. Will I be liable to pay taxes for all those years I have been working till date, as I plan on registering for tax to avoid any more repercussions?

No payment reference number for SARS payment?

  Written by Marc   Posted 4 September 2013

How to get my payment reference number if I had not received my postal statement?

Working from SA, being paid in UK

  Written by Marc   Posted 4 September 2013

Living and Working in South Africa remotely to UK (IT).

Hi Tim

I lived in UK for 5 years and returned to SA in 2010. I have dual nationality (German and South African).

I have been working in SA for a local company since 2010 earning rands. I have now been approached by my previous employer in UK to work for them again remotely from SA.

If I am paid by them in pounds into my UK bank account where will I pay tax and will have have to bring in all my earnings to SA or can I only bring in what I need?...

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Locked out of efiling

  Written by Marc   Posted 3 September 2013

I am locked out of efiling. I think I typed my password incorrectly...

Who is a dependent in terms of South African Tax Laws?

  Written by Marc   Posted 3 September 2013

Who is a dependent in terms of South African Tax Laws ?

Inherited house inclusion in taxable income

  Written by Marc   Posted 3 September 2013

Do you include an inheritance of a house when calculating taxable income before you dispose it?

Should one separate share investment and trading activities by creating a legal entity?

  Written by Marc   Posted 3 September 2013

It is apparent that there is a massive grey area when it comes to SARS interpretation on share investment vs share trading and the resultant taxation thereof.

I have a share investment portfolio (exceeding 3 years) and now also want to trade shares short term.These shares will include some of the very same shares that I hold long term in my investment portfolio. Can and will SARS accurately distinguish on an ongoing basis which shares I sell at any given time and tax me accordingly and correctly i.e. capital gains vs income? ...

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When will I get my money?

  Written by Marc   Posted 3 September 2013

How long will it take to refund my money?

Correction on return from 2007 - how long will it take to be assessed?

  Written by Marc   Posted 3 September 2013

Hi,I submitted my IRP5 for this year. After doing that I was given a penalty, because my 2007 and 2008 returns was not done. I paid the penalty and sumbitted all the outstanding years. I was told that they are busy with a assesment on my 2007 return. This is now going on for 2months. Last week I realized that I made a mistake on my 2007 return, and that is why they are busy with the assesment. I requested a correction and filed it.Now how long do you think it will take for them to finish with th...

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How do I declare income earned outside SA and put into offshore acc?

  Written by Marc   Posted 3 September 2013

I act as a local consultant for a European company and earn regular income, which is paid into a offshore account and no tax deducted. I live in SA, working full time and earning a salary. What are the tax liabilities on the income earned in Europe and how is it declared?

Do temporary teachers pay tax?

  Written by Marc   Posted 3 September 2013

I am a temporary teacher and pay tax.

Can I cancel and resubmit my tax return on eFiling if I did it wrong the first time?

  Written by Marc   Posted 3 September 2013

Can I resubmit my tax return if I did it wrong the first time?

Payment pending an audit, how long is that?

  Written by Marc   Posted 2 September 2013

If SARS says a payment to your account is pending an audit, how long does it take?

Tax advantages of leasing a car?

  Written by Marc   Posted 2 September 2013

Hi, What are the advantages of leasing a vehicle for a business, tax benefits? Can I write off the lease payments made on the vehicle as expenditure and claim back from SARS?
Thanks.

How do I get another IRP5?

  Written by Marc   Posted 2 September 2013

I have lost my IRP5 certificate. How can I get another copy?

Working for a non SA company and working mostly out of RSA - do I have to pay tax?

  Written by Marc   Posted 2 September 2013

Hi,

Thanks for all the info on your site! I have learned quite a bit.

My Question: I have not registered for tax and I have been working outside RSA for the past 3 years, I was out of RSA for 190 days in 2012 and 160 days in 2011 - do I have to pay tax? I work for a UK company but get my fees in an RSA account.

Best regards

I started TaxTim then my consultant did my ITR12 for me. Must I still pay?

  Written by Marc   Posted 2 September 2013

Hi Tim

I have very ignorantly gone through the steps in completing the return on your system and had entered incorrect information. My confusion resulted out of the fact that my employer issued two returns - one for the commission and one for my basic salary. Not knowing what to do, I spoke to my ex consultant and he submitted the ITR12s for me.

Would I still need to pay you?

IT3 certificates? Requirement to issue on loan accounts? CC or Pty?

  Written by Marc   Posted 2 September 2013

Hi Does a close corporation or a (Pty) Ltd company that has paid interest on member or shareholder loan accounts have to issue any kind of IT3 certificates?

How do I claim tax return fund?

  Written by Marc   Posted 2 September 2013

How do I claim my tax return fund?

SARS assessment concluded

  Written by Marc   Posted 2 September 2013

What does "your assessment has been concluded" mean? Yet the call centre says they are awaiting supporting documentation?

Can I still claim year 2009 tax returns from the past?

  Written by Marc   Posted 1 September 2013

Hi there just want to find out I got my irp5 form from 2009. Can I still claim my tax returns?

Can appeals be made to have assessment for previous year to be redone, with new evidence?

  Written by Marc   Posted 1 September 2013

Hallo. For the last number of years my wife has been paying for our medical aid, via a direct debit every month. The medical aid is however in my name.

I have found out, from SARS, that my wife can get the benefit from this on her tax return, all she needs to do is to provide proof, e.g. bank statements etc, that she has paid for it or get letter from medical aid in that regard. This would suffice for this tax year. However last tax year, we did not do it like this, since I submitted it with my tax return and got no benefit from it, since my income was not large enough...

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What does it mean when the account has been locked out?

  Written by Marc   Posted 1 September 2013

What do they mean when they say my account has been locked out?
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