Tax Threshold: 10 most popular posts
Can construction workers claim a tax refund?
Posted 30 April 2024
I work as a bricklayer on a building site. Do I need to submit a tax return and are construction employees allowed to claim a tax refund?
Confused between the ITA34 and ITSA
Posted 6 April 2022
Q: What is the difference between an ITA34 and an ITSA
Is VAT on commission subjected to income tax?
Updated 31 March 2022
If an individual who is a registered as VAT vendor acts as an Agent and earns commission ad obviously charges output tax and declares it to SARS.
I.e. Someone who has invoiced out R100.00 and declared an output tax of R13.04 to SARS, when the time comes to file their personal income tax does the person have to declare the same amount being R86.96 excluding VAT as their commission income and do they have to pay income tax on the above amount?
Will that not be double taxati...
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What is the definition of tax threshold?
Posted 29 March 2022
I need to explain it to grade 12s
Difference between Vat and Tax numbers
Updated 29 March 2022
Q: What is the difference between a VAT registration number and a tax reference number. When do I use which one? Are they not the same thing?
Tax on money held in offshore account?
Posted 15 October 2019
I have an offshore transactional bank account into which I transferred cash into. To clarify, the currency is in Australian Dollars. Also, I do not earn any income on this account nor do I earn any income from abroad. With that said, the interest rate for this account is set at zero on the deposits made. What I would like to know is, would I in this case need to pay tax on any currency movements while the cash is in the account and if that is the case, how would this work if I make payments from...
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Old 2009/2010 efiling returns
Posted 17 July 2017
SARS say they upgraded their system and have now seen i did not file a tax return in 2009,2010 and have fined me for each year. Both years i was under the threshold but they are insisting i file these returns. I do not have the IRP5 anymore and the company no longer exists. They advised that I open the return on efiling and can then submit as it should have all the info, I have done this but there is no earning/medical aid information etc.
How do i resolve this now as both returns are now sitting open on efiling and i am getting fined R250 per month now that i do not resubmit....
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Unit trust and tax
Posted 24 April 2017
Do I need to declare interest from unit trusts that is under the threshold of R33000 (e. g. Local interest earned was R15000).
How will I be taxed?
Posted 22 March 2017
How much will I get if I'm earning R1000.00 and I'm being taxed 10%?
Why Register for an Income Tax Number
Posted 20 March 2017
I earn R6000.00 a month. My employer told me that everybody has to register and have a tax number, regardless if you earn under the threshold and don't pay tax. What's the reason that we all have to register for an income tax number, is this correct?
Tax on income from internship
Posted 24 February 2017
Do I have to pay tax earning R3200 a month?
Do I need to file a tax return with R260 000
Posted 24 February 2017
I am unemployed but earn interest income ( approximately R260 000 annually)from fixed term deposits
I am under 65 and contribute to medical aid and retirement annuity
Do I need to file a tax return
Should he pay tax?
Posted 23 February 2017
My husband is a South African citizen and he is only earning R5500 a month does he have to pay tax?
Are foreign students required to pay tax on their earnings for part-time work?
Posted 17 February 2017
My son is a foreign student studying for his degree at a South African University. He has a valid Study visa and is permitted under this visa to work 20 hours per week. His employer wants to pay him a salary of R10,000 per month. Firstly does my son have to pay tax on this and if so, how does he register with SARS without a SA Identity document?
Do I need to file old returns to obtain refund, even if I fell below the tax filing threshold?
Posted 17 February 2017
SARS want to me file all my previous tax returns in order to receive my refund for this year. In 2011 I tutored at a university and earned below the tax filing threshold and therefore did not file my tax return. How do I file my tax return now for 2012 or how do I show SARS that I didn't need to?
If my turnover drops below the 28% threshold, do I still have to pay tax at 28%?
Posted 8 February 2017
As a small business, if my turnover is R14 million in year one and then drops to R12 million in year two, do I still have to pay tax at 28% per annum,even through the turnover has dropped below the threshold?
Transfer a tuck shop in my name
Posted 2 February 2017
I am buying a tuck shop but need to know how I can register it in my name, its a sole proprietor.
Donation to family members
Posted 1 February 2017
I gave my mother and sister R25000 each, can I deduct it as an expense against my income and how much donations tax should I pay on it?
Why am I registered for income tax
Posted 21 July 2016
Hi I was working last year earning R3000 a month. I got an sms this year stating that I have been registered for tax accompanied by a tax number. I want to know why this happened?
Tax on interest
Posted 15 July 2016
Hi. I am unemployed but my income from investments and interest exceeds R30000 but below R75000. Do I pay tax?
Does interest form part of the R75000 threshold or R30000?
Can I claim my monthly expenses, can I get a refund on monthly regular day-to-day expenses?
Posted 13 July 2016
I have properties jointly with my wife (Community of Property) and getting rents which covers all my payments towards my bonds, Rates & Taxes, Levies and Refuse accounts. Little extra amount is surplus. My question is: Should I need to pay Tax on my monthly Rental Income?
I pay for my Groceries, Fruit & Veg, Rents, Electricity, Gas, Domestic Maid, School Fees, Kids Sports Fees, Transportation, Petrol, Bank Charges, Personal Loan (Absa) Credit Card Fees & Financial Charges, Telkom & Vo...
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Do construction workers pay tax?
Posted 22 June 2016
if working in the construction company,do they have to deduct my monthly tax returns from my salary?
How do I calculate provisional tax and when/where do I pay it?
Posted 21 June 2016
I am a freelance writer and my income depends solely upon jobs that I get from international clients. I get paid weekly in dollar and my income fluctuates. Recently I've started earning more and I suspect I might be in a tax bracket. As far as I know I have to pay provisional tax but how do I work it out and where and when do I pay it?
Is it necessary to inform SARS of additional income received?
Posted 9 June 2016
Hi TaxTim
I am a full time salaried employee but I also sometimes get tutoring jobs and I run a lift club. Will I need to declare what I earn for the latter 2 items?
Am I able get a tax refund?
Posted 9 June 2016
How do I know if I qualify for my tax return
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