Deduct home office expenses with split income streams and no IRP5
Posted 5 October 2015
I work from home - part time as a contractor for a US-based company, and part time for a South African private company of which I'm one of the shareholders / directors. I earn a regular monthly salary from the foreign corporation, but they don't issue an IRP5. I also bill my local company for my time, but irregularly, and often this income is put into a director's loan account rather than paid out in cash. The local company did not issue me an IRP5 for 2014. How do I declare my income in such a ...
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I would like you to explain what the meaning is
Posted 30 September 2015
Good morning I got this sms from sars
tax period 2014 due to you -2124. 12
tax period 2010 due to you -668. 82
tax period 2011 due to you -2183. 27
tax period 2015 due to you -2300. 06
tax period 2013 due to you 2300. 00
payment due the 1st October and 31st October
what does this mean
Income tax on foreign income from UK
Posted 29 September 2015
Hi Tim. I work in South Africa but for a UK company. They don't have a company registered here, just a warehouse that I work from. My salary gets paid in US dollars from the UK company so I don't get an IRP5 or PAYE etc deducted.
How do I go about sorting taxes? Do I submit a personal income tax return each year declaring the money I receive and pay the relevant tax on that?
Would he able to apply for a portion of the exemtion for being out the country for 60 days
Posted 3 September 2015
I have a client who was out the country from October 2014-December 2014-although his contract is from Oct 2014-Oct 2015 he completed his 66 consecutive days out the country. He came back and only flew out again end of Feb 2015. Because his contracted only started in October 2014, he would have completed the 183 days from Oct-Oct. Would he get a portion of exemption for the 60 consecutive days because its within the 2015 tax year.
No communication from SARS
Posted 1 September 2015
Hi Tim, 36 working days have now passed and still no word or refund from SARS. I submitted my documents for review on 10 July 2015. On following up recently, I was advised that the matter would be escalated and an agent would call me, still no call, no communication from SARS. It is getting a bit frustrating now as each time I call, I get the same answer, still busy with the audit. I know it can take 90 days, but surely once a matter has been escalated, the process should speed up somehow or do ...
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Do offshore workers pay tax ?
Posted 28 August 2015
I am working for a UK company in the offshore outside South Africa. I work 6 weeks away then 6 weeks in South Africa. I usually stay out of South Africa for more than 183 days but not 6o days consecutive. Being an offshore worker, am I still liable for paying taxes in South Africa?
Tax exempt working aboard
Posted 24 August 2015
When you work out the country for 60 days or more you don't get taxed
How to declare foreign income?
Posted 17 August 2015
Hi, I have a small website that generates some commission from clicks on advertisements. I get paid in USD and GBP. The money is wired from Germany directly to my personal bank account and converted into ZAR. I don't own a formal business and it is relatively small amounts that are transferred. I also have a property that generates rental income. How do I go about declaring the income properly on my tax returns?
Income whilst working outside of South Africa
Posted 12 August 2015
Can you please clarify this question for me: "Did you earn any income whilst working outside of South Africa?"
My answer is yes but this income is non-taxable in South Africa because I was not physically present in South Africa. I am only filing my income tax return do to a loss on my SA rental property.
Tax refund, working abroad less than 60 consecutive days, and less than 183 days cumulative.
Posted 6 August 2015
I worked 80 days outside of South Africa in the 2014 tax year. I was employed by a South African company, but was stationed on a Turkish mine site for works conducted. It was not 80 consecutive days, with trips usually 2-3 weeks at a time. Am I eligible for any tax refunds?
Tax paid in another country
Posted 28 July 2015
My husband worked in Mozambique and paid tax there, how do we fill in his tax return?
Declaration of income earned overseas after I leave SA
Posted 26 July 2015
I will be leaving SA next month to work in Canada for the foreseeable future. I would have been out if the country for more than 183 days by the end of Feb 2016. I will have an IRP 5 with a salaried income in SA until the end of July 2015.
When I file my tax return next year, do I have to include the overseas income earned from August 2015 to February 2016? I do understand that I should not be liable to be taxed on the overseas income but would prefer not to declare it at all if that...
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Donation tax on receipt of foreign donation
Posted 25 July 2015
I could receive a donation from my sister in the UK - we understand that she does not pay tax in the UK as she the donation is under their threshold - will I pay tax in SA?
Foreign Earned Income
Posted 23 July 2015
Hi, I am wondering about the tax I pay, if any, if I am earning my income overseas. In my case I earn in Indonesia, and the money gets deposited into an Indonesian account. I would like to send my money back to South Africa though. I would only be in South Africa for 1 to 2 months of the year. What tax would I have to pay, if any?
Tax on R25,000 interest for last year?
Posted 23 July 2015
I have earned R25,500 interest for the year 2014/15. How much tax do I pay?
Tax back for SA employee working for SA company living abroad
Posted 20 July 2015
I am a South African employee working for a South African company. I have been living and working abroad while still earning a salary in South Africa. How long do I need to stay out of South Africa for in order to not be taxed for the period I am abroad?
Do I need to declare my foreign salary earned in Abu Dhabi, UAE, when I submit my 2015 ITR12 return?
Posted 6 July 2015
I am exclusively resident in the United Arab Emirates and work for an Abu Dhabi based company. In accordance to Section 10(1)(0)(ii) of the Income Tax Act of 1962, I was outside South Africa for a period exceeding 183 full days in aggregate, as well as more than 60 continuous days during the 2014/2015 tax year. I hold a UAE Residence Visa, a Ministry of Labour employment contract as well as a UAE Labour Card which serves as proof that I am a bone fide UAE worker. I annually submit an ITR12 retur...
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Will I be charged tax on pounds transferred to SA?
Posted 2 July 2015
I am a South African resident working in the UK. I am currently being paid in pounds into a British bank account. I am self employed and will be paying taxes in the UK. I understand that I am liable to pay SARS the difference in taxes between UK and SA. What I would like to know is how it works with me sending money back to SA? Will I be taxed extra on this money or will it all just be calculated in the tax return on earnings?
Will I be taxed on my foreign income that I send to my SA bank?
Posted 29 June 2015
I currently work abroad (temporary- for a few years, and am a citizen of SA only). I pay income tax here where I current reside. I have no income from SA. When sending money from my overseas bank account to my SA bank account to pay any SA expenses (bills, elderly care for parents etc. ), what is the best reason to give the bank so that when they report it to SARS, I am not taxed on it again. Both bank accounts (here and in SA) are in my name.
Section 10(1)(o) - "continuous period exceeding 60 full days"
Posted 24 June 2015
My question is on Section 10(1)(o):
Section 10(1)(o) exempts from tax any remuneration derived by a person in respect of services rendered outside the Republic for an employer if such person was outside the Republic for periods exceeding 183 full days in aggregate during any 12 month period and for a continuous period exceeding 60 full days during that period and those services were rendered during that period or periods
For the 60 full day portion: If I travel on day 1 to my place of work out ...
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I worked abroad and want to file my tax return?
Posted 23 June 2015
What do I need to submit my tax return if I worked abroad
What papers do I need if I worked abroad and want to submit my tax?
Posted 23 June 2015
What documents do I need to submit my tax return if I worked abroad
Tax return filling requirements for non resident with SA bank interest income?
Posted 23 June 2015
Tim, I am (i) a foreign national (ii) non-resident in SA for tax purposes (physical presence test) and (iii) will likely spend more than 183 days in SA in the tax year 2015/16. My only SA source income is interest income from a bank, which is unlikely to exceed R40-50. 000. Do I need to register with SARS and file an income tax return for the tax year 2015/16 under those circumstances?
What is the tax implication for SA residents working and living abroad?
Posted 23 June 2015
I am a South African resident working and living in Namibia ie I am permanently residing in Namibia. I get two Salaries one is from a Namibian company, taxed in Namibia and paid into a South African account. The other is paid from a Swiss company to my SA account. My question is do I pay tax on the Swiss income in SA and second when declaring the Namibian and Swiss amounts in my tax return how do I categorize them?
Tax exemption on South African paid salary.
Posted 23 June 2015
With regards to be exempt from tax working outside of South Africa (the 183 and 60 day rule). I earn a salary per month and if I work outside SA I get an extra USD per diem which is tax free (S&T). My question is; can I claim the tax paid on my salary back if I make my days out of the country? Then also does the bank that my company use to pay my salary need to be from a bank outside SA to qualify for my salary tax exemption or is it irrelevant ? In my case my salary gets paid from an SA bank ac...
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