I've not filed a tax return in years, what should I do?

Posted 27 August 2013

I've not filed a tax return for the last few years, though my company has been taking tax off my paycheck. What should I be worried about? What should I do?

Tax number for business

Posted 27 August 2013

I need a tax number please for my business.

Lump sum tax on backpay?

Posted 26 August 2013

Hi Tim

I am employed by the Department of Education. Last year (2012) the DOE did not pay my salary for 6 months (April - September), I then received the 6 months salaries in a lump sum in April 2013. I was therefore heavily taxed on the lump sum. When can I claim back that tax, with this year's tax return or next year?

Is the efilling training/workshop available?

Posted 26 August 2013

Is the efilling training/workshop available where I can attend and learn how to complete the efilling sheets?

Do you have to pay SA tax on joint pension of - R60,000 (R30k each)?

Posted 26 August 2013

My husband and myself receive a British pension each. Not a full pension, something like R60,000 a year between us. Do we have to pay south African tax on it?
Thanks
Molly

Hourly rate "net of tax". What does this mean?

Posted 26 August 2013

I am starting a new position with a multi-national US based company, and my letter of appointment lists my hourly rate as "net of tax". I am not sure what this means, and was hoping you would be able to shed some light. How are my tax implications affected? Do I need to register for provisional tax?

What is "taxable income" on my payslip?

Posted 26 August 2013

On my payslip there is a huge amount called taxable income, what is it?
Do I owe SARS or is it owing me?

How much does TaxTim cost if paying up front?

Posted 26 August 2013

I don't understand your pricing. How much do I pay if paying up front? I am a returning user

Does the receiver of a gift pay tax on the money?

Posted 26 August 2013

My Dad gave me R60 000 to pay for my studies at a university in the UK. Do I need to pay tax on this gift?

Tax nr

Posted 26 August 2013

Good day. Please I need my SARS nr.

Your source code is not on my IRP5

Posted 25 August 2013

The source code you ask for is not on my IRP5. I don't have 4003 or 4018.

When must I start paying tax with (Pty) Ltd and should my company be audited, if so when?

Posted 25 August 2013

Hi Tim,I've registered a (Pty) Ltd at CIPIC to act as a holding company to launch all my ideas through and operate from its bank account.I am confused however as to at what point I would have to pay tax with this business, i.e after how much income should I pay tax, at what amount?Also if and when my company would need to be audited, since it is a (Pty) Ltd but still pretty small?Thank you

I want to register and do the claim after I get my tax number

Posted 24 August 2013

Can I register and do the claim after I get the my tax number?

Are Directors entitled to also pay PAYE to SARS on their salaries/fees monthly?

Posted 24 August 2013

Are Directors entitled to also pay PAYE to SARS on their salaries/fees monthly?

Practitioner can't submit or search for ITR12 on efiling

Posted 24 August 2013

Hi, I registered as a tax practitioner on the SARS efiling website but now I can't access my clients, like I cant get into their files. I am stuck.

I am unable to pay with my cheque account: "Bank not supported"

Posted 23 August 2013

Why can't my cheque account pay for Tax Tim?

Can l get a tax clearance certificate if l do not have a tax reference number?

Posted 23 August 2013

I need a tax clearance certificate but l do not have a tax reference number. The form says I should have a tax reference number, can I still get a tax clearance certificate?

Does the system handle lump sums and capital gains?

Posted 23 August 2013

Does the system handle lump sums and capital gains?

Do I owe SARS?

Posted 23 August 2013

I did my efiling on Tuesday and I have received an SMS saying

"thank you for submitting your irp5. account balance is R8886 due by you."

Do I owe SARS or does SARS owe me? Pls help!

Can a non-resident South African citizen take out inheritance from SA?

Posted 23 August 2013

I've lived out of SA for 22 years and have held dual nationality (SA and UK) for the last 12 years. I rarely visit SA and have not spent more than 3 weeks there in any of the last 20 years. My question is about inheritance. If I inherit in SA, will I be allowed to take my inheritance out of SA? I have never formally emigrated, still hold a SA passport in addition to my UK one and have no assets in SA. Would it make things easier if I renounced my SA citizenship?

Medical Tax Credit (MTC) and the ITR12

Posted 23 August 2013

I pay my own medical aid and the total amount paid was R15626. When entering it on my ITR12 it shows me a NULL allowable medical deduction under a code 4008. Am I not supposed to get my MTC of R230 per month? It was not deducted on my IRP 5 so I paid my full PAYE amount.

How to deal with depreciation if moving from sole prop to CC.

Posted 23 August 2013

On 1 September 2013 I will cease as a sole proprietor and operate as a CC. How do I deal with depreciation eg a truck depreciated for 8 months with 40 left under the new CC.

First time to SARS

Posted 23 August 2013

It is my first time going to SARS and I didn't know if I should have taken my rip5 of the last 2 years and my medical aid documents. I only took the ones for this year so is it possible for me to go back with the previous ones cause I already submitted?

South African Expat working in Dubai

Posted 23 August 2013

Hi Tim,

I have been working in Dubai since 1 January 2011 and would like to know do I need to declare my Dubai income on my tax return? I have only been back to South Africa once for 28 days in August 2012. I am working for a local Dubai company, with an open ended contract.

For the last 2 tax years I have submitted my tax return, declaring my South African sourced income, interest and rental income.

Is this the correct way or do I still need to declare my Dubai income and will my Dubai income be taxable?...

Read more →

SARS eFiling username & password

Posted 22 August 2013

How do I get my username and password without calling the SARS landline and spending over 30min on the line and still getting nothing?
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