Tax Q&A

Should an annual salary be used rather than monthly on the calculator to ensure that a bonus is incl

The TaxTim SARS income tax calculator does not make provision for a bonus/13th cheque. Should I just put the total salary including the bonus as an annual salar

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Tax reliefstructure salary for tax purposes?

I pay medical aid for myself and 2 dependentsWhat deduction can I take monthly from my salary in this regardsThe medical aid payment if R7000 a month as one of

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Can I pay tax in advance (est) without complicated forms.Then do forms annually and pay difference

I always need to pay money to tax at the end of the year. I know it is about R 12,000. Or R1000 pm. Why can I not pay in say R1000 pm Estimate without filling

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Provisional Tax Calculations?

Hi there. I will as of the 1st of May 2014 be employed as an independent contractor to a company in Israel but will be based in JHB. Will I have to file provisi

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I have still not received my refund from SARS, what could be the reason?

What can be the cause to my tax refund being frozen? You may need to verify your banking details with SARS. I suggest phoning 0800 00 7277 to enquire what th

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To register as an employer for tax purposes or not?

If I employ a person who earns below the threshold, does the employee need to register for Income Tax or is it optional? Do I need to fill out a EMP201 form rega

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Need to know what my deductions are before my earnings of R20500.00

My new salary is R20500.00- thats what I get out. What will my deductions and PAYE be ? -GROSS SALARY? Please make use of our SARS income tax calculator to

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Residents based tax - how does it work in SA?

Hi Tim. I am currently a South Africa provisional taxpayer but will be leaving SA to work for a US based company for the next 5 years . I will be leaving on the

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My tax number is lost?

Need my old employee tax number please? Please call 0800 00 7277 to retrieve your tax number.

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I earn a salary of R5350 R1519 of overtime no benefits, how much must I pay for PAYE tax?

salary of R5350+R1519 of overtime no benefits, how much must I pay for paye tax? Please use our SARS income tax calculator in order to calculate how much ta

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salary of R5350+R1519 of overtime.

Am earning net salary of R5 350, and getting overtime of R1 519 a month. What how much must I pay for paye tax? Do I pay paye tax on my salary including overtime

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Can I request a correction after ITR14 submission?

I've submitted my ITR14 on 28 Feb 14, but then received a massive supplier invoice which would increase my COS & this would then decrease my PBT in essence

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Does devaluation of the rand cause a tax liability?

If my overseas holdings increase in value solely due to devaluation of the rand, is such an increase taxable? No this would not cause a direct tax effect on

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Tax on Voluntary Severance Pay?

How is an employer suppose to handle a voluntary severance payout? What options must be chosen on application for tax directive. Does this falls under “Gratu

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Selected for a SARS audit?

How to avoid being selected for a SARS audit? You cannot avoid this, it is within the rights of SARS. You can however make sure all your documents are in ord

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Medical Tax Credit - 2015 Tax Year

2015 tax year. I pay R150.00 per month toward a medical aid fund for myself and my daughter (6 years).Do I qualify for the full monthly tax credit of R257.00 X 2

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Do I need t pay the non-compliance penalty fee with SARS?

I registered with SARS in 2010 and have been filing ever since. I recently received a non compliance penalty fee for 2008 and 2009. It's only R500 (R250 for eac

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PAYE incorrectly stated on my IRP5?

I submitted my tax returns via eFiling and got an assessment saying I owed SARS. The reason was PAYE incorrectly stated. How can I dispute this assessment and i

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Income tax on R120000 pension fund payout

I resigned from my previous company and requested that my pension fund pays out. the amount due to me is R120 000. how much income tax will I pay on this amount

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Total of the budget speech 2014

While I was busy watching the budget speech our power went down and I missed the part where the minister of finance stated the rand value of the 2015 budget?%u2

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Medical aid contributions and subsidies for over 65 years. how are these treated in 2015 year?

76 year olds. medical aid contributions deductable? and medical aid subsidies taxable? 2015 tax year. The changes to the medical aid regulations can be found

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What sort of tax should I register for as an independent IT contractor?

I'm an independent IT contractor working from home. I work for different clients at the same time. Some pay a fixed fee. What sort of tax should I register for t

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Deemed disposal of assets after being away from SA for work?

I have been given the advice that I would automatically be considered a non-resident if I spend more than 183 days and more than 60 consecutive days outside of

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Is tax payable to the government from the salary I earn in South Africa?

I am going to work in South Africa. Is there any money I have to pay to the government from my salary. If you are paid from a South African company and are

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What can I claim for medical expenses under new system?

Under the previous system pensioners could claim all expenses. Now my expenses come to R110 000 this year. Am married and would like to know under under new sy

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