Tax Q&A
Tax on interest income?
What is minimum amount of interest income that is non taxable. Also where is taxable interest reflected on the return? For individuals under 65 years of age
Read moreWasn't earning, now earning what will I pay in tax and do I go to SARS instead of eFiling.
I'm a work at home struggling writer who doesn't get much work. I added up my bank statement for this year and I earned about R100k. I've been doing eFiling sin
Read moreReference number for EFF payment?
I completed my return and received assessment showing that I owe SARS money. I'm trying to pay via EFT (internet banking) using my tax number as the payme
Read moreNo same amount of salary paid every month how do I get taxed?
If I run a CC and my salaries are not the same amount every month and my credit cards are settled via the business account which I then add as salaries. Can I r
Read moreCommission less than 50%. Can I claim expenses?
Hi. I earn a salary and commission. Last year my commission was lower than my salary. My consultant has claimed for expenses. Will this be allowed. I entertain
Read moreTax penalty on fund payout?
I'm currently waiting for my provident fund money payout, but i'm owing SARS 20 thousand rand, so are they gonna take their money from provident or they will wa
Read moreFreelance Income from International Clients on ITR12?
I have a international client that pays me monthly but they cannot supply me with an IRP5 since they not based in SA. How do I go about paying my tax? What w
Read moreIf I don't pay back sars their money that I owe what will be the quencequences?
Sars say I must pay back their money that I got fraudulently,how do I pay it back? And what are quencequences of not paying them back? How did you get fraud
Read moreWhere does RA go on my Provisional Tax Return?
Where do I claim for RA (retirement annuity contribution) on my provisional tax return - IRP6. Please help You would reduce the Income you received by the RA
Read moreTax on Personal Liability Companies
How does tax work for a Personal Liability Company (Incorporated)? Is it the same as a Private Company (Pty) Ltd or do special rules apply? Are there any tax be
Read moreTax if I am paying my medical aid fully on my own?
I've recently started a new job where I now contribute fully to my medical aid and retirement annuity. How will this affect my monthly tax contributions? It
Read moreWhat is a personal income tax assurance audit?
What is a personal income tax assurance audit? Does this mean they are auditing more than one year? They should have provided the year in which they were go
Read moreWHEN MUST MEDICAL AID CREDITS BE DEDUCTED
Must the Medical Aid Credits (R257x12) be deducted from Taxable Income before calculating tax payable from the tables or from Tax Payable after the calculation
Read moreDo I get tax relief when buying a medical aid?
If I buy a medical aid and the installment is deducted from my bank account what tax benefit do I have? You will be entitled to a tax credit against the taxe
Read moreAddional income from Mauritius - where do I include this on my return?
I am employed in South Africa, and I am a South African tax resident. I have the opportunity to do work for a Mauritius company. Essentially I will be on a Sout
Read moreWhen primary residence becomes secondary residence, what happens to capital gains tax?
I bought my flat 7 years ago for R1 million, and it's probably worth R2. 5 million now. It's been my primary residence up till now, so I know I won&#
Read moreWhere to put interest earned on income tax return
Where do I complete interest earned on my return? Interest earned from a local bank account or foreign interest earned will be completed under the Investment
Read moreHow to submit tax for freelance work
I have been freelancing for 8 months now and have generated some income. How do I submit my tax return for these cash deposits? They are all different amounts f
Read moreAre Gifts or Donations received by me for the maintenance of my family taxable?
Are Gifts or Donations received by me for the maintenance of my family taxable? Not in your hands no, but whomever makes this donation to you will be subject
Read moreCan Mother and Father donate together R200000 to their child without donation tax?
Can Mother and Father donate R100000 each to their child in one financial year without any donation Tax if the parents are married in community of property.
Read moreWhy do SARS do second audits?
SARS say they are doing a second random audit that doesn't appear on my statement of account. What is a second audit that SARS is referring to and why does it t
Read moreCan a creditor claim my income tax refund?
Can one or more of my creditors claim my income tax refund from SARS? If you are due money and this is owed to someone else and a creditor decides to go to c
Read moreCan you deduct expenses incurred in production of income when earning an hourly rate subject to PAYE
Where you work on short term contract for an hourly rate and your "client" deducts employee tax from your earnings (following completion of a questionnaire), ar
Read moreIncorrect tax calculated
I started a new job in January 2015. Our work uses VIP payroll for calculating and processing salaries. My gross salary is R43333. 33 per month (no other benefi
Read moreSubmission to the tax man if you are under the tax bracket
Do I have to submit anything if I only earn R5000 a month? IF you do not have any other benefits or deductions such as medical aid and only earn a simple sal
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