Tax resident versus non-tax resident?

Posted 11 March 2013

Just read your post about "how do i know if i am a tax resident" great article, but lead to a few questions?

I am a US citizen, got a job offer in SA, how do I ensure I am not considered a resident, other than not staying in SA for 91 consecutive days over 5 years, is there something I need to be stating during my work permit application? Do I need to actually keep an address in the US? If yes, how and when do I have to show proof, are my credit card bills sufficient to show residence in the US?...

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I am employed as a temp but have started another side income. how much tax?

Posted 10 March 2013

My income after my UIF and tax is R7 950. And any over time I work is taxed per hour. Last month my nett was R11 200.

I also sell corals to pet shops that I grow out at home. Some months I make R0 and other R5000-R8000 after costs like electricity and material.

Now the pet shops have now asked if I can give them some type of paper work for them to keep records for tax ect.

What should I do to help with tax payment? Have a different account just for the side income? How much tax would I pay if I get paid in cash but still have to give the pet shop a paper work that could be traced back to me? ...

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Does ones marital status affect ones return?

Posted 8 March 2013

Does ones marital status affect ones return? Such as being married or divorced?

Foreign cash inheritance, how does the tax work?

Posted 1 March 2013

My two minor children are South African natural persons, and have thus each been issued with their own ID numbers at birth. If a foreign cash inheritance from their overseas great- grandfather to them (in CHF and Euros) , is converted into ZAR and deposited equally in halves into my two minor children's money market bank accounts, then I believe that this inheritance (and all inheritances) are not deemed taxable. Would this assumption be correct ?

Lastly, would interest income accruin...

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Where can I get a list of the items that I'm allowed to claim for as a sole proprietor?

Posted 1 March 2013

I know about things like rent, telephone, internet, stationery, etc., but what else?

Provisional Taxpayer or not ?

Posted 1 March 2013

My wife and I own a property which she rents out. The rent gets paid into her bank account and she is the only one who earns the income from the rent. The property is registered in both our names and we are married ANC. Am I supposed to be a provisional taxpayer and liable for provisional tax ?

Tax Threshold 2013/14 (for income earned as interest)?

Posted 1 March 2013

The tax threshold is R 67111.00. My sole income is R 67110.00 from interest on cash in the bank, one rand less than the tax threshold. I am under the tax threshold, but the income is not active (from work), it is passive(from interest), do I still have to pay tax ?

There is a confusing/conflicting tax break of R 23800.00 for income earned as interest ??
R 23800.00 still falls under the total tax threshold of R 67111.00
Can you elaborate please.

What are the benefits of non residents for taxable income in South Africa?

Posted 1 March 2013

I am living overseas for the past ten years and have visited South Africa occasionally for not more that 3 weeks per annum. I earn interest (R24500); dividends from private companies (R65000); retirement annuity income (R17500) amounting to approximately R110K per annum. I am paying taxes as a resident. What will my taxes be like if I were to be taxed as a non resident. Will I still be entitled to the rebates. I am 62 years old and am married in community of property. I will appreciate a hypot...

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Is my monthly tithe to my church an allowable deduction for tax purposes?

Posted 27 February 2013

Is my monthly tithe to my church an allowable deduction for tax purposes?, if not what donations are allowable for tax purposes?

DBX tracker funds - are these taxed as local dividends or foreign?

Posted 25 February 2013

We have some DBX tracker funds, when we get a monthly statement from the broker income is listed as foreign, but when the tax certificate is sent it is included as local, really confusing when doing provisional tax.

what are the three main sources of tax from which government obtains its income

Posted 24 February 2013

Like does it include VAT, Income Tax, Normal TAX OR Companies tax

How long must I keep tax documents?

Posted 23 February 2013

Must I keep monthly current account and credit card statements? Electricity and rates accounts? Investment statements and medical aid statements? How long?

How to Calculate: Property Income tax?

Posted 15 February 2013

I want to know how to calculate the amount of tax that I need to pay SARS if I am renting out my property.
* I have a bond on the place that need to be paid back to a bank.
* Paying more on the bond than receiving rent.
* Paying levies on the place.
* Paying Property tax.
* Paying maintanace on the property.

How can I calculate what to pay SARS for the property income?

Tax on local interest

Posted 4 February 2013

Please can you tell me what tax I would pay on say R10,000.00 per month interest
from local money market. I see R22 800 p a is tax free, then the local table applies, does
that mean after 60.000 pa. This would be my only form of income.

I have not filed tax returns since I don't work in SA anymore. Do I need to do this?

Posted 1 February 2013

Hi Taxtim! I'm a SA citizen but a resident in Canada for the past four years and paying taxes here (even for investment income earned in South Africa). I worked in South Africa and fulfilled all my tax obligations for the time I worked there. I still have investments (share trading and mutual funds) , Retirement annuity and joint property with my brother in South Africa. Do I need to file tax returns in SA?

Can you help me with Provisional Tax return?

Posted 30 January 2013

I am retired and my income is from Momentum who have invested my Pension Contributions when I retired. I always go to SARS to assist with my Return and was told last year that I am a provisional tax payer because of the savings I have and the interests I receive from these (over the allowed amount). I went to SARS to assist me with my first Provisional Tax Return in August 2012 & had to pay in R1000. I am very nervous to do Period 2 for 2012/2013. Are you able to assist me?

How do I get my IT3b and IT3c forms?

Posted 29 January 2013

How/where exactly does one get the IT3b and/or IT3c forms from and how do I know if I qualify for/need them? I have some minor money market investments, but am not sure if the interest earned on those is taxable as it is so little, so I'm not sure whether I need to submit these forms in the first place.

Do I need to manually request these from my bank/financial institutions or should they be sending them to me automatically?

If they are sent automatically, when should...

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Work over Internet and want to pay taxes! How?

Posted 28 January 2013

For the past 5 years I have been doing work over the 'internet' for an international company. Only now I have become aware of having to pay taxes. I am not registered. For the last 2 years I've received a steady income of R6 000 / month. I don't have a physical address or contact number for the company as we communicate through email. The company email me sketches of a building then I create a 3D model of the building and send it back.
How will paying taxes work for me ? Will there be pena...

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Do I need to submit deductions if total income is less than tax threshhold?

Posted 28 January 2013

Over the past years I went to great lengths to work out all my expenses for my provisional Tax return for my small, part-time therapy business and renting out a small flat. Do I really need to do this even if my total income does not reach the tax-threshold? This question still pertains to last tax-year (ending 28 Feb 2012),

Am I entitled to claim home office expenses?

Posted 27 January 2013

- I am a web developer.
- I use a separate room (a study) for work.
- My earnings are *not* commission-based.
- I pay rent for the study (to my parents)
- The study (and the PC etc.) is used /- 85% of the time for work purposes (therefore technically not "exclusively")

The requirements are very gray. Firstly, why must it be commission-based income? Secondly, why must it be exclusive-use if I could simply calculate business-use as a percentage? (for example, if I p...

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Statement of assets when married out of community, but with 50/50 primary residence

Posted 21 January 2013

Interested in how to represent the primary residence assets amount on the ITR12, statement of local assets and liabilities, if:

Married out of community of property, with accrual
Purchased a house with the wife 50/50, therefore in both our names

How do I go about starting a business?

Posted 16 January 2013

Morning... I'm thinking of starting my own business - what should I do first? How much must the business earn per month to pay tax?

Tax refund/rebate dating back to about 7 years

Posted 13 January 2013

I have heard so many great things about you, I hope you can assist me too. Until today, I was not aware that one can actually contact SARS directly to enquire about a possible refund. I have always been under the impression that they would contact or notify the taxpayer and then mystified when they actually did not.

My tax documents are always submitted automatically by my employer. I finally dragged myself to the nearest SARS office and registered as a tax payer in 2010. Now, my que...

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What is the difference between a levy and tax?

Posted 12 January 2013

What is the difference between a levy and tax?

Is the sale of a business taxable?

Posted 7 January 2013

If I were to sell a business, would I pay tax on the sale price? and if appropriate, how would this tax be calculated?
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