Tax Q&A
How does TaxTim submit my returns. I have my own eFiling profile
How does TaxTim submit my returns. I have my own eFiling profile? We will request your profile to be transferred to TaxTim with shared access. Once you hav
Read moreWhat is the tax charge on provident funds?
What is the tax charge on provident funds? Fund withdrawals are subject to a specific table which can be viewed by making use of our Lump sum calculator
Read moreHow can I calculate tax per 6 months period?
If my contract is 6 months on a monthly payment of R14500. How much should I be paying for tax? Please make use of our SARS income tax calculator to work
Read moreTax on income from 2 sources?
We have an agent selling our products on a commission only basis. We have not formally appointed this person and he receives no fixed salary from us, but he d
Read moreDoes paying bond, cars, etc fall under investment certificates?
HiI would like clarity on the information available on your website pasted below• Get your Interest and Investment certificates from the bank and financial
Read moreIs there any claim from your office or any submission of documents ?
About my deceased husband,do I submit anything to your office after they send me his tax certificate and paying his death lump sum from provident fund? Yo
Read moreRefund on my returns
Last year 2014, I was told that l should pay SARS R1600 and was just trying to see whether will I be paid this year when l submit my returns as I have not pai
Read moreIs IVF treatment tax deductible since Medical Aids do not cover this?
Medical Aids do not pay for Fertilisation clinics. If one has paid large amounts to a fertilisation clinic can this be included in amounts not paid for by you
Read moreHow do I generate a password?
What password would I use if someone else has been doing my tax on eFiling? You would need to register a new eFiling profile and it will pull their access
Read moreRemote Working Tax Deductions?
I work remotely from home in South Africa for a South African registered company, what deductions can I make from my tax returns? Like I may hire a desk at an
Read moreIs a director of a company a provisional taxpayer or not?
Is a director of a company a provisional taxpayer or not? No not necessarily, however for tax purposes a director is deemed to be an employee for tax purpo
Read moreWhat is the tax threshold for provident fund payouts?
I had 2 lump sum payouts ,company shares and provident fund pay,and I was taxed on both occasions, plus I was taxed on PAYE. I'm a bit confused. What is the
Read moreCode for severance for voluntary retrenchment severance pay?
I have paid a severance amount to an employee that took voluntary retrenchment. What code do I use on the IRP5? The value is not very high, as the person work
Read moreEstimate of services
Good day Tim. I'm now retired (73yrs old). Please give me an estimate in rands of your services you provide & what documents would I need to send you.
Read moreCan I claim tax on Co vehicle and fuel where I do not have a travel allowance?
Hi TaxTim, I work as a vehicle sales executive, which means I have a company vehicle which I use for both business and personal use. I did keep a log book. On
Read moreTax back on buying property cash?
Hi I got a pension payout when being divorced, it was taxed before payout, I bought a house cash, will I be able to get something back, I am not working.
Read moreDoes that once off R500 000.00 tax free still apply for a person younger that 55yrs on retrenchment?
I just want to find out, is the retirement package taxed the same way as the retrenchment/severance package if the person is not yet at the retirement age but
Read moreFyling tax for working on comission only
I am a locum at a private occupational therapy practice!! I am 28 years old and only working for commission!!!! My employee did not register me for tax so I w
Read morePersonal tax season 2014/2015 open
When does the tax season for 2014/2015 for personal tax open? Tax season opens on 1 July, Please click the link to Register for TaxTim so we can help you
Read moreLoan account with employer - how does the tax work?
I have a loan with my employer, every month I pay them what I can afford so it differs from month to month, example I earned R20000. 00 this month I allowed t
Read moreDepreciation on Vehicle?
I am using my private vehicle for company business. The company is paying me a travel allowance and the fuel for the business part. About 55% of travel is bus
Read moreWhere to find "business code table"?
Where to find "business code table"? Please click the link to find the Business Source Code Table
Read moreMay I claim for medical services paid for in cash when I have a medical aid?
Hello - please advise? I am being informed that because I now have a medical aid which is paid for in our own private capacity and not through employers - I
Read moreInfo for pay arrangements with SARS?
What must I take with me when I want to make payment arrangements with SARS? You need to first go speak to them and find out what they would require. Every
Read moreDoes sars tax accident fund or bonus?
Does sars tax accident fund or bonus? Accident fund is not taxed, but bonuses from work are indeed taxable.
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