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Provisional Tax Posts in Tax Q&A

Lump sum on IRP6

  Written by Alicia  

Am I supposed to include my pension lump sum on my IRP6?
Also, how should this income be reflected on the annual income tax return?

Source code for renting out camera gear

  Written by Alicia  

Looking for the source code for a sole proprietor renting out camera gear, I am trying to apply for turnover tax and the form I'm filling in is asking for a source code?

No IRP6 forms or history on my SARS profile

  Written by Alicia  

TaxTim helped me fill in my provisional tax return last week but I am not able to actually put in my Provisional Tax information as SARS is not showing my IRP6 tax return for 201702, can you tell

Turnover tax and provisional tax

  Written by Alicia  

If I am paying provisional tax, do I need to register for turnover tax too?

Do I declare my CGT on the IRP6?

  Written by Alicia  

My husband and I sold our primary residence and bought a new one in April 2016. According to TaxTims Calculator, we don't need to pay Capital Gains Tax because it was less than R2m, but:
1. Do I still need to declare the capital gain?
2. If so, do I declare 50% of it because I own half of the property?
3. Also, I missed any mention of capital gains in my Prov tax Period 1. When I filled in Period 2 today, I didn't see any space to add Capital Gains.

ITR14 confusion

  Written by Alicia  

I started my company in jan 2015 and want to submit my tax for march 2015- Feb 2016. I requested ITR14 for tax year 2016 is this correct. Which one do I request for Provisional tax for the same tax year. (2015-02,2016-01,2016-02)?

Divide pension between spouses

  Written by Alicia  

I am married in community of property and my wife and I are both individual provisional tax payers. I have been retired for 20 years. Can i divide my pension income between myself and my wife's income on our IRP6s?

Rental Income Tax for Foreign Non Residents

  Written by Alicia  

Dear Tim, I am a foreign non resident and own a property in South Africa from which I gain rental income of about R6500 gross per month, or around R4000 after expenses. It has lately come to my attention that I may need to pay tax on this. How do I get started? I rarely visit South Africa.

Transfer a tuck shop in my name

  Written by Alicia  

I am buying a tuck shop but need to know how I can register it in my name, its a sole proprietor.

Can I resubmit my IRP6?

  Written by Alicia  

I submitted my IRP6, but I think the tax payment is too high? I feel I missed something. I did this at a SARS office. Is it possible to amend the IRP6 figure before I pay? And if so, how?

No PAYE withheld

  Written by Alicia  

What should I do if my client has not withheld PAYE from me - I am a personal service provider.

Can I deduct 27.5% retirement fund contribution from my gross income?

  Written by Alicia  

As a sole proprietor can I deduct 27. 5% retirement fund contributions from my total income before expenses? I render a professional service.

Capital gains in provisional tax returns

  Written by Alicia  

Must capital gains from an investment portfolio be included in the Turnover amount for provisional tax returns 1 and 2?

What sort of taxpayer am I & where do I start with submitting for tax?

  Written by Alicia  

I started my own photography business in July 2016 as have registered my business as a private company, and registered for Tax. I earn most of my income from clients overseas & get paid into my PayPal account, but do have South African clients who pay by EFT. I am terribly confused abut how should pay tax on my income, hope you can help?

Import VAT claim

  Written by Alicia  

I have just registered my pty Ltd this January 2017 and I need know what tax should I collect for SARS when invoice clients for the products I will be selling. When I registered my company at CIPC I received a doc from SARS for the company named income tax., do I use this when invoicing on the place of VAT is this the inc Me tax I should collect for SARS from clients? Thanks

Do I still need to file a provisional tax return if I am now a turnover tax payer?

  Written by Alicia  

Before I registered for turnover tax, I was registered for Provisional tax. Do I still need to file a provisional tax return if I am now a turnover tax payer?

2016 audit and provisional return, does this delay my refund?

  Written by Alicia  

SARS is busy auditing my 2016 return, if I only submit my IRP6 for 201702 at the end of February 2017 will this delay my refund for 2016 being paid out?

Can I register for more than one return type?

  Written by Alicia  

I am self employed and was wondering if I can use your service for my annual return and provisional tax return?

Do I become a provisional tax payer once I am permanently employed?

  Written by Alicia  

I recently accepted an offer to be permanently employed at the same company I was contracting at initially, do I now became a provisional tax payer as I paid employees tax before?

How do I pay tax on my foreign earned income?

  Written by Alicia  

If I work for a USA company and earn e.g. $65,000 per year and the company does not have a brand and or is not registered in South Africa, what is the tax process?

I imagine - (please correct me). I receive full amount monthly and need to register as a provisional tax payer and pay SARS normal PAYE twice per year? Note I will not be traveling more than 183 days per year. Is there a possible benefit of registering a business and paying myself from the business a lower amount?

Do I need to declare tax on bitcoin earnings as a non-resident?

  Written by Alicia  

I am a Temporary resident in South Africa using a work permit. I have a permanent Job and pay income tax from my salary. I however started trading different gift card codes in the US and UK online for bitcoins and have made a lot of profit in the last 8 months(well over R100k). These funds were in bitcoins which I later withdrew to my Absa account. Do I need to declare tax on these earnings as I am a non resident.

IS there a special code that I should capture on my IRP5?

  Written by Alicia  

What code should I use on my IRP5 if I am a sole proprietor providing management and labour law consulting services?

Freelancer and full time employee, how does my tax work?

  Written by Alicia  

I am full time employee and I have already submitted this current year's tax return.
I am a freelancer in my spare time as I started doing online work and earning dollars.
What is the tax implications and how do I go about it? Could I claim back on the use of my computer etc.?

Do my employment income and freelancing income get taxed together?

  Written by Alicia  

I would please like help in calculating my total tax for the year, as I am employed and also a freelancer. Do you just add both income together and then tax a personal income tax percentage for that bracket? Furthermore, I know my employer pay tax monthly but can I also pay tax monthly or should I just reserve the total tax for year-end when I file.

When do I use code 3616 and 3601?

  Written by Alicia  

We have a few sub-contracting individuals. Some of them provide ad hoc services to us when we call on them. They often work remotely or at a clients offices, they provide their own laptops, and they are specialists and generally get asked to fix a problem, and then they get on with it. Then there are others that are identical to the above, except they contract to us on a medium to long term, where their main income comes from us, as they work for us 5 days a week, for months or even years at a t...



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