Tax Q&A

I have been working out of SA for 6 months, what tax is exempt?

I have been working out of SA for 185 days, and have done the 60 consecutive days. I want to know what tax I can be exempt from. As this period falls between Oct

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What are the allowable deductions for companies with reagrds to employees and loans?

Is there a new allowable deduction for companies with regards to loans for employees to help with their living expenses and loans that are unrecoverable from em

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What is the difference between wear and tear allowance v depreciation?

If a small business selling Lollies and sweets buys a production machine from china for R50 000.00, a fridge for R1 500.00 , small kitchen appliances and utensi

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I want know if I need to pay tax on my monthly wage of R3 600?

Month salary: R3 600 You would need to earn R67 111 for the year in order to pay tax. You wages if multiplied by 12 is less than that amount so you would no

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Building cost deduction

I am a single parent trying to build a home for my family. The bond that I qualified for on my salary does not cover all expenses and I've had to pay for a lot

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What is my tax obligation if I am self employed earning R1500 profit per month?

I am a housewife running a gardening service on the side. My current income is R2 700 of which I pay a worker R1 200. Thus R1 500 profit (using my husband's pri

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I do not have a credit card or cheque account, only a debit card or direct deposit for Taxtim

Tim I would like to use you, but do not have a credit card or cheque account only a debit card. How can I pay you? We accept direct deposits into our bank ac

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I am registered as a taxpayer, but lost my job. Must I inform Sars?

I was employed and earned enough to pay tax(PAYE), but in the beginning of this year I lost my job and I am now unemployed. At this current moment I am studying

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SARS does not want to take an IRP5 into account for my business, what next?

This was all for the 2008 tax year. Income tax return was submitted on 28 / 02 /2009. Assessment notice issued on 11 / 03 /2009. Amount owing R147 666. But an IRP5

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How much percentage is deducted from my pension fund payout when I have resigned?

e.g. R124 000 If you have resigned then the first R22 500 will be tax free thereafter the remaining amount will be taxed at 18%.

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I wish to register as a tax practitioner, how do I do this?

I need a tax practitioner code to be able to submit tax return on behalf of customers. In order to register as a practitioner you will need to register with

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I don't know what to do about getting a tax number after registered ?

Please I need help I've submitted my application to get a tax number but yet I am still waiting over 21 days now? You can contact SARS on 0800 00 7277 to fin

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PAYE tax: when to pay and how much?

I work on a contract basis(Service Level Agreement) for a company, I only do contract work for them and no other company. I get paid per service rendered and wo

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What is the % rate for a temp employee earning monthly salary of R7371?

They tax me at 25% on my monthly income, is that right? Generally companies use a 25% PAYE deduction for temporary or independent work so this is in order. T

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How much of medical expenses not covered by medical aid do you get back?

I am a salaried employee and have out of pocked medical expenses, what can I claim for tax purposes? You are able to claim medical expenses incurred which ha

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What tax do I need to pay?

I've got 4 small businesses that are not registered. The money comes into my personal bank account. I earn around R30 000 a month. Must I pay personal tax on th

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Do I need to submit an ITR12

Why must I submit a ITR12 form if my income is only R44000.00? You do not need to submit an ITR12 if your income is less than R63 556 for the 2013 tax year.

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Will negative cashflow property reduce my taxable income?

I own an investment flat that currently provides a negative cash flow. I am employed and pay quite a bit of tax with very little deductions. Can I offset any am

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Do I need an IRP5?

I worked for two months only for the 2013 tax year and I was taxed. Do I still require an IRP5 from the employer? You will always need an IRP5 from your emp

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Please help me find my tax number?

I've got a job and they are looking for my tax number please. Please call SARS on 0800 00 7277 to retrieve your tax number.

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When capitalising an amount for renovations to a home office how do I calculate the amounts?

What amount is allowable for Repairs and maintenance and how do I depreciate the capitalised amount which consists of plumbing, paving and builders? Repairs

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How much PAYE is due on R5 500?

I have started a new position and would like to know how much PAYE is due? There will be no PAYE on that amount as it falls under the tax threshold for the 2

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Tax exemption clause

I understand the section 10(1)(o)(ii) about being outside a country for 183 days, of which 60 days must be consecutive in a 12 month cycle. My question however

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If I work mid-year, how does that a affect my tax calculation?

If I start working in the middle of the year and my total income for that year is under the tax threshold do I still have to pay tax monthly for that year? I

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What code to use when the Employer pays 100% of the Medical Aid contribution?

I have an employee where the company pays 100% of their medical aid contribution. when submitting the ITA3/IRP5 form to sars how is this captured? I cannot us

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