Tax Q&A

Rebate for prepaid electricity

I am a tenant and I prepaid electrictity can I claim Unfortunately you cannot claim electricity payments as these are personal expenses.

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Tax on income property mortgage restructuring

I have an income property with a bond of R600k outstanding. I want to switch it to another bank to access R200k equity. I will then have a bond of R800k. This

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Rental income, less deductions less than cap, must I register for Provisional Tax

I receive a salary and I recently started renting out my flat (which I resided in as primary residence, until September 2014, rented out since October 2014).

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Want to know tax on R720 00 (lump sum) and R16200(salary)

I an educator retiring early in June, who has worked for 27 years and 6 months. I want to know how much will be taxed from my lump sum payout (R720 000 ) and

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Disability Income taxable?

Disability income was received from medical boarding from work for a few months in the tax year ending 2015. This income was taxed and the amount on the IRP5

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Am I due for a refund for the tax deducted from income less than the tax threshold?

My annual income was R65 500 and total tax was roughly R4900. Am I due for a refund? Yes you are due for a refund if that was the total income earned. Reg

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When can I submit my returns?

When can I do my tax returns 2014/2015? You will be able to begin submitting on 1 July 2015. Click the link to Register for TaxTim and receive alerts when

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Commission tax query

I earn a basic salary commission. Do I have to pay tax for both amounts combined, or should I only be taxed (PAYE) for the basic salary only? My basic salar

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Declaration of interest on fixed deposits for provisional taxpayers?

I read your earlier reply to a question on income tax on fixed deposits. However, I am a provisional tax payer and my question is, when do I declare the inter

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Will I get a tax refund or am I paying the correct amount?

I basically earn R6500 p/m. Usually my PAYE is 220 a month. I don't how it is calculated. Is it the correct amount that is deducted. Will I get a tax refund?

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Net income at R9000 how much is PAYE and UIF before net income?

My net income is R9000, how much should my gross income be and how much should I pay for PAYE and UIF? Please make use of our SARS income tax calculator w

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How much is Monthly PAYE and UIF if I earn R13232.83 per month?

I need urgent help with calculations of PAYE, UIF. Please make use of our SARS income tax calculator

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When can I send my docs?

I have purchased the TaxTim Lite option and I have received my IRP5 from my employer as well as for my RA. When do I send these documents to you? All you need

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How does SARS tax earnings from abroad, earned here in South Africa online?

Hi TimHope you're well and that you can assist me. I get taxed on my monthly salary of R31300, however, I'm also an online part time language consulta

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IRP6 / ITR14

I have a June Year end. We have submitted an IRP6 for December 2014(6 months after year end). Second provisional payment, needs to be completed before year en

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Lumpsum percentage if i resign?

How much you tax if I resign from an amount of 1600 000. 00. Percentages? Please make use of our Lump sum calculator to see the amount and percentage.

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I want to register for eFiling

How do I register my eFiling by using a smart phone Please read our blog on How to use SARS eFiling

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Do I need to pay tax if I earn less than 250000 per annum, and work on commission only

I am an intern estate agent, only earn commission, no salary , and I get less than R250 000 per annum. Must I pay tax? Yes you must pay tax, tax is paid o

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How much I pay in order to afford tax??

How to tax me when I'm pay R3000 Monthly? You should not be paying any tax on R3000 a month.

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Waiting for tax refund from SARS?

I am still waiting on my tax refund my statement shows amount refundable after allowable tax credit is -R2113,78 that was the last statement I received on the

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How do I calculate Taxable Income in a Company (SME)

How do I calculate Taxable Income in a Company (SME) You would add up all your income and deduct all the business expenses and then the tax is 28% of the

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Extra income

I own a one bedroom place, wirth about R700 000 in a retirement place. Besides my own home. My main income is salary and tax covered there, IRP5. I get rent o

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Claiming medical money from SARS?

My medical certificate says I have 12000 to claim will I get this money from SARS when I claim. Please read our blog post on how Medical Tax Credits work

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Tax refund - do I qualify?

I worked for one company and changed to another in January. My income from 3/2014 to 12/2014 was R69500 and 1/2015-2/2015 R37440. How much tax should I have p

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What costs can be subtracted from the income of our small business?

I am a member of a CC and a partner in a partnership. We are the two same people in both the partnership and the CC. From our activities in the CC, we came up

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