Tax Q&A
How are one-off payments taxed?
I have just started working as a freelance copywriter however this is not my main source of income. The work is a side-line and sporadic thing. I am about to be
Read moreWon't I be penalised if I did not submit last year cos I did not have a medical aid?
I receive my IRP5 every year, I never submitted them to receiver because all along I did not have a medical aid or a retirement annuity. Last year in September
Read moreAre you a registered entity or company or person to do Tax Returns?
How do I verify that you are legitimate entity and you are registered with SARS for the Tax Return purposes. Our tax director is a registered Chartered Acco
Read moreDo I need to reflect an executrix's fee as an income?
I HAVE RECEIVED AN EXECUTORS FEE WHAT DO I NEED TO REFLECT THIS IN MY TAX RETURN. Do I have to reflect it as an income. Am I allowed to take my costs off this f
Read moreIncome tax for Fy 13-14.
Hi, My annul income is R. 495 000 and I joined in South Africa payroll in mid of Jan -14. So my question is how much income tax I should pay to government. Wh
Read moreIf my previous employer has submitted my IRP5 forms to SARS will I receive a tax return?
Please advise on the following. I have had two previous employers but I had not registered for tax or eFiling? Recently, I had received my IPR5 from one of the p
Read moreDonations Tax?
My parents are married in community. 1) Do they still need to fill in forms at SARS if they give me a donation of less than R100 000 each ? I understand that my
Read moreIs your service for small businesses?
Is your service for small businesses? Not at the moment, but please subscribe as we will be launching this service later this year.
Read moreWill I pay SA tax on my UK pension and lump sum from deferred pension received in SA?
I have lived in SA for 40 years and have just started receiving the portion of the UK pension that I am entitled to, will I have to pay SA tax on that. Also, be
Read moreWhat is the reason a person earning below R100 000 is being taxed?
Why is a person earning below R100 000 per annum being taxed? The current threshold for paying tax is R70 700 per year so if the person is earning more than
Read moreDetailed medical accounts - what does SARS accept?
I have hospital accounts with receipts (fully paid) and intend to claim a deduction from SARS with my 2014 tax return, however the hospital accounts ((Mediclini
Read moreTax payable on R2 608000
How much tax is payable if I happen to resign and my basic salary is R388127 pa There is no final tax payable on resignation, your last month will be taxed a
Read moreProperty Transfer Duty for Trusts
If a trust is buying a residential property does it pay the same transfer duty as individuals? Further, if the trust was registered for VAT would that change th
Read moreWhat is the tax on distributions from REITS?
Is 15% holding tax deducted from the dividends distributed to a local investor from a Property REIT or not? Dividends received from REITS were exempt up unti
Read moreDo we need a tax directive to avoid paying PAYE due to working out of the country ?
My husband works out of the country and in 2013 was in Moz for 63 consecutive days, meaning he shouldn't pay PAYE in SA. How is this worked out in the system?
Read moredo I need tax nr for pension fund
I worked for 7 years for a company. And use to pay into a provident fund. My salary was R2700. I left the company for better pay. But I need my provident fund t
Read moreWhat is the maximum split for company/employee toward a medical aid contribution?
What is the maximum split for company/employee towards a medical aid contribution? If medical aid costs R6 741 per month in total - what is the maximum a compan
Read moreI have to borrow money from a friend to make ends meet, how do I get back on track with my tax?
I used to be permanently employed, paid the normal PAYE every month, and all that. I dutifully submitted my tax return every year and got my refunds from SARS v
Read moreIf I have worked before does it mean I do have the tax number?
I have been employed and never have enquired about my tax number. Does it mean I have a tax number. You should have a tax number already which your employer
Read moreExpats living overseas, paying money into SA accounts to pay of debts, what's the tax implication?
My husband lives in Dubai & worked there since 1 Sep 2013. We still have a FNB bank account with an Overdraft that we are paying off. At the end of Mar 2014
Read moreWhat are the start and end dates of tax year 2013?
Is the period 1/3/2012 to 28/2/2013 SARS's 2012 tax year or 2013 tax year? 1 March 2012 - 28 February 2013 are the start and end dates of the 2013 tax y
Read moreShould I be paying tax and at what rate?
I'm earning R3000.00 should I be paying tax? No you should not be paying tax. The current amount for the full year to be paying tax is R70 700 for the whole
Read moreDo I get tax back on my provident fund withdrawal?
Hi I received provident fund amount last year early in July and I would like to know if I can claim back any of the tax paid. Unfortunately not, the tax pai
Read more"Temporary expat" liable for South African tax?
I left South Africa in Feb 2013. I started a limited company in the UK in April 2013. Myself and my wife are shareholders of the limited company, we're pai
Read moreCan I claim UIF for months unemployed before registering as a provisional taxpayer?
I have just started my own business - well, technically I just freelance. Does this make me a provisional taxpayer. In addition, I want to claim UIF for the mon
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