Tax Q&A

Why Register for an Income Tax Number

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 ta

answers

Children receiving gift money

My brothers wish to gift my children money. Which I will be using on daily expenses and school fees. Will I be liable for tax for these incomes? Or will my br

answers

Claiming at SARS

My mom was working as a teacher at ABET school. May I go to SARS and claim her tax money? If you're the executor of your mother's deceased estate you're ab

answers

Money gifted from an International Source

Can my mother, who lives in the UK, send my husband and I money, into his South African bank account- will we have to pay any tax on it in SA? It's one deposi

answers

Forgot to Submit my Taxes for Previous Years

How do I sort out outstanding tax returns not submitted during previous years? Kindly register for SARS eFilingand then register for Register for TaxTim an

answers

Medical expenses claimable without belonging to medical aid

SARS refuses to deduct my medical expenses (medical doctor prescriptions and formal medical procedures), if I didn't belong to any medical aid scheme. Just to

answers

Penalty Fees

I've recently had the misfortune of getting a tax penalty of over R16500.00 It was deducted from my provident fund without my knowledge. A further R7000.00 wa

answers

Tax for a Contractor working from home

We have a contractor that's working from home. He primarily does work for our company. How does tax work, do we need to submit an IRP5? We've been paying him

answers

Living in Namibia, but working for a company in SA.

I live in Namibia, but work for a South African company. I'm a South African citizen. Under the new changes brought in with the budget, how will my tax work?

answers

What does ITS mean?

What does an "Outstanding ITS Return" mean? This means you have not submitted an Income Tax Return for a particular year.

answers

Foreign Income

I'm currently staying in South Africa. I receive income from foreigners, for hunting trips outside of SA borders. I'm usually out of the country for a week or

answers

Provident Fund Payout

I cashed out my Provident Fund when I left my previous employer, I was there for just under 2 years. I paid a higher tax as the first R25000.00 subject to the

answers

How to get a Tax Clearance Certificate

How do I get a tax clearance certificate for an individual? You can obtain one by going into a SARS office or if you're registered on SARS eFiling you can

answers

Paying Tax: Age and Income Differences.

Does a 78 year old person who earns less than R100 000.00 per annum pay tax and how much. No, at your age you will not be liable for paying tax. Please con

answers

Do I get Tax back on a loss from selling shares?

I bought shares in a private company (cost me 100k). We have now sold the company in full and my portion of the payout is 80k (i. e. 20k loss). Can I claim ta

answers

Retirement Annuity Premiums

Your payroll office is required to give you the tax deduction on your RA contribution if they are aware of it and you will have to complete the contribut

answers

What happens if I haven't submitted a tax return?

Since voluntary sequestration and rehabilitation about 10 years ago I have not submitted a tax return, what will the effects be of this? You need to urgent

answers

A notice of objection

SARS didn't accept my log books, my 2015 tax return, there's zero KMs for business use. I now need to object and they require proof of ownership- I have docum

answers

Do stay at home moms need a tax number?

Hi I'm a stay at home mom with no income. I live in South Africa. Someone said I should get a tax number. Do I need a tax number? Will it be necessary in my f

answers

An example of a logbook printout

I need an example of what the TaxTim logbook would look like, when printed out. Kindly refer to this link for a view of what our mobile logbooklooks like:

answers

How's Tax calculated on a monthly bonus?

I'm entitled to a monthly bonus. Our salary is split into salary (75%) and monthly bonus (25%). So my salary advice states salary and monthly bonus. How is ta

answers

What's the exact deadline for annual Retirement Annuity (RA) contributions?

I make annual lump sum contributions to my RA. In order for my annual lump sum contribution to qualify for tax deductions for the current year, do I only need

answers

How to enter a severance payment in my provisional tax return?

I'm doing my provisional tax return and received a severance payments during the year as part of a voluntary retrenchment. My employer applied for a tax direc

answers

Hospital Plan Rebates

Can I claim medical rebates if I'm on a hospital plan only and not a full medical aid? SARS directly advised me that I cannot. Yes, you can claim a medical

answers

Can my company add rental car fuel to my car allowance?

If I have a car allowance and on occasion I am required to use a rental for business travel after flying to a far destination, can my company add this fuel co

Page 17 of 317

Showing 401–425 of 7902 articles