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Penalties Posts in Tax Q&A

Why are there different levels of tax rebates?



Why are there different levels of rebates, i.e, primary, secondary and tertiary, for natural persons? And what are the effects (on both individuals and companies) of the change from STC to dividends tax?

Do you think that the section 10(1)(i) interest exemption should be increased each year?



Do you think that the section 10(1)(i) interest exemption should be increased each year? Why or why not?

What are the proposed changes to the tax treatement of retirement fund contributions?



What are the proposed changes to the treatement of retirement fund contributions announced in the 2012 budget? The maximum deduction limit of R250 000 a year for taxpayers under 45 years may seem significant but is it beneficial to all taxpayers?

What do I do if my employer hasn't paid my employee's tax over to SARS?



I was employed at a company from 2011/08/01 till 2012/02/01. The employer never paid my tax and did not give any salary advice slip. Can you give advice on how to handle the situation.

I am an employee, how come I owe SARS more money?



My payslip shows all the deductions including tax that I pay monthly, so I don't understand how I got to owe SARS R1700 where as I pay monthly via PAYE?

If I owe SARS money, is it possible to pay SARS back in installments over time?



Is it possible for me to pay SARS half the amount I owe for two months, as I cannot afford the full amount in one payment?

How do I calculate how much tax I owe?



TAX PAYABLE is essentially calculated as follows:


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How do I know if I am a tax resident of South Africa?



A burning question people often ask tax professionals is whether or not they are a tax resident in a certain country. The question is important because it distinguishes between tax residents and tax non-residents – both paying tax in South Africa.

    • Tax non-residents are people who do not ordinarily reside in South Africa but do business here and thus pay tax to the SA government ONLY on what they earned from South African sources.
...

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What is Provisional Tax?



So as we are getting closer to Provisional Tax Season the question on taxpayer’s minds is, do I qualify as a provisional taxpayer? The Income Tax Act sets out specifics as to who qualifies and who doesn’t.

If you are a salaried employee then your employer will deduct a monthly amount and pay it over to SARS on your behalf. You will only have to file one tax return at the end of tax season.

Otherwise you may qualify as a provisional taxpayer and will have to submit a return twice a year...

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