SARS requested additional documentation but didn't tell me
Posted 10 May 2013
I am a provisional taxpayer... I work freelance and my income fluctuates. I've been doing my own tax through efiling for several years now, and have never had a problem. So this year, I send off my return on January 29 (yes, I know, leaving it till the last minute... every year I
promise I won't do that!!), and my assessment comes back, I'm owed R120.56. The amount is so small because I actually already did all the calculations in order to make my third provisional payment by the September deadline, so as not to incur any interest....
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Tax confusion?
Posted 4 May 2013
I am graduate and currently unemployed full-time. I write for a small company. I get R700 a month for writing promos. Now thing is when I get deposit alerts from FNB, they show that R525 has been deposited,I want to know can bank charges for R700 be up to R180 or is there some taxing going on. I don't have a SARS number either. What's going on?
How much tax is deducted when my ex husband's pension fund pays out my half?
Posted 3 May 2013
Who is responsible for the tax?
Car allowance vs Company Car?
Posted 25 April 2013
Could someone please help me to understand what would be the best option. I am currently sitting in a situation where I can choose between a car allowance (travel allowance ) and a company car. I don't understand the tax implications regarding this.. I would obviously want to take the least expensive route..
PAYE tax: when to pay and how much?
Posted 16 April 2013
I work on a contract basis(Service Level Agreement) for a company, I only do contract work for them and no other company. I get paid per service rendered and working hours are anything from 6 to 14 hours a day, 5 to 6 days a week. My salary differ each month ranging from R14 000 to R35 000. They do not supply pension, medical fund, travel allowance or fuel. All expenses are for my own account.(Study fees, professional body registration fees included) The company know wants to register for PAYE a...
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What is the % rate for a temp employee earning monthly salary of R7371?
Posted 16 April 2013
They tax me at 25% on my monthly income, is that right?
What tax do I need to pay?
Posted 14 April 2013
I've got 4 small businesses that are not registered. The money comes into my personal bank account. I earn around R30 000 a month. Must I pay personal tax on the whole amount I get in every month or can I deduct the expenses used for business? I do not include any VAT on my business invoices, but I do spent money for business purposes.
I would appreciate it if you can help me with this!!
Tax exemption clause
Posted 11 April 2013
I understand the section 10(1)(o)(ii) about being outside a country for 183 days, of which 60 days must be consecutive in a 12 month cycle. My question however is: the company I work for is registered in SA and pays me in ZAR. But I travel outside South African borders for more than 183 days and for a 60 day continuous stint also...so, am I still exempt from tax then? Or do I have to pay tax as I get paid in ZAR and the company is registered in South Africa?
What is the difference between a personal service provider and an independent contractor?
Posted 9 April 2013
What is the difference between a personal service provider and an independent contractor?
Can I claim the distance traveled from home to the office as part of my travel allowance claim?
Posted 5 April 2013
I receive a car allowance. At present I claim my business km's from my office ,do my work and till I come back. A colleague says that SARS allows to claim business km's from my home until I get back home at night.
In other words the portion I drive to work and then back home, I should be allowed to claim for. Is this correct?
I get a traveling allowance of R7500pm and I use the car more than 80% for business purposes, what c
Posted 3 April 2013
More than 80% of my travelling is for business and I maintain a logbook, however my employer applies 80% PAYE on my salary every month, is this correct?
Can i register my daughter as a taxpayer for being a freelance artist?
Posted 2 April 2013
My daughter is 15 year old. She wants to be registered with an agent for possible work as an actor.
They require a tax number. She needs to be registered as a freelance worker. Can I register her on my easyfile (I use it for a company). If not, how do I do it? Do we have to submit tax returns every year?
I get R2000 petrol allowance, do I include this amount for travel allowance when I do my calculation
Posted 21 March 2013
I have a company petrol card that I use for R2000 per month.
Depreciation on cars, how does it work?
Posted 12 March 2013
Your depreciation calculator - is it up to date in terms of percentages allowed etc?
Second question - I am a sole prop. I know that I can deduct business expenses (not permanently employed), but I am not sure about the installment that I pay for the vehicle (HP). Can I deduct for tax purposes since I use the car for business.
Last question - if the above deduction is allowed, can I also add depreciation of the vehicle to the 'basket' or is it a matter of either or?
<...
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Spending 6 months out of SA. Will I have to pay tax?
Posted 11 March 2013
I am resident in SA, but from 2014 I want to try a new life whereby I spend 6 months (winter!!) out of the country each year. During this time I would be earning some money through freelance online work for various individuals or companies from various parts of the world, plus I would be getting rental income from two properties in South Africa. While in South Africa (during summer), I would continue this online work, and do some other ad-hoc freelance work for South African companies, or be ear...
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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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Can I claim for a car which i "leased" from my previous employer?
Posted 5 March 2013
My previous employer bought a fleet of cars which he then branded. The deal was that we pay for it over 4 years after which the car would be evaluated and we could buy it for half the value. I left the company after 4 years and 4 months and was told that he was not selling the car to me. A monthly deduction appears on my commission slip (earned comm.only as a sales executive) for the car and petrol but this does not appear on the IRP5. I also did not receive a travelling allowance.
Ho...
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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?
I am subcontracting for a company, but need tax help please?
Posted 28 February 2013
I subcontract for a company, but have not registered yet as a business and they will be taking 33% off my pay. The problem is I have 2 guys working for me as well. How can I sort this out quickly without having to lose out.
Tax due on unpaid invoices
Posted 26 February 2013
At the end of the current financial year I have invoiced clients approximately R400K which will only be paid to me in the new financial year. Do I still pay taxes on the unpaid invoices at the end of the current financial year or do I carry the ex vat value over to income in the new financial year and pay taxes only in the new financial year?
Can I claim from SARS if I received pension payout of 76347.00 in May 2012
Posted 21 February 2013
OLD MUTUAL PENSION FUND NO TAX CERTIFICATE RECEIVED
I did not submit my supporting documents in time?
Posted 21 February 2013
After submitting my tax return for 2011 SARS requested supporting documents (logbook) from me. I failed to submit the relevant document in time (I did submit the document after the due date). They asked me to provide reasons why I submitted late, which I did. They now refuse to accept my reasons and refuse to accept any deductions for my car allowance. According to them I now owe them R 280 000-00. What do I do? Can they do this?
If you stay out of country for 183 days, 60 days consecutive, can you apply for a NIL percent tax?
Posted 11 February 2013
A directive that no tax is being taken off from your salary? As far as I am aware the lowest percentage directive is 18%. This person only comes to SA for holidays. I was informed that there is a NIL directive but not according to SARS???
Tax on Foreign Income
Posted 10 February 2013
Hi Tim,I've got a new contracting job where I'll be working from SA, but I'll be paid from the UK. How do declare/pay my taxes on these? And do I have to transfer all my funds back to SA?
Are bank statements proof?
Posted 10 February 2013
SARS refused ALL my expenses! Now they want proof of payments of my expenses. I keep all my bank statements as it is easier to do my return and no invoices go missing. Will they accept my bank statements?
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