Tax Q&A

What is your tax code on secondary income if you are permanently employed as well?

If you are working full time and also earning part-time income after hours, from a home based office, what will be the tax code for your secondary income and wi

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How does expat tax work?

I will be leaving for Malaysia on 20 August 2013 for an undefined period but for at least three years. So according to the SA-Malaysia double tax arrangement I w

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What form must I file with SARS, an ITR12 or an IRP6 ?

I bought an appartment in April 2012 and rent it out. My total income (April 12 to Feb 2013) is R46,000 and my expenses (interest, levies, etc) are R41,000. Tot

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How do I correct a mistake that I have made on my tax return that resulted in a penalty by SARS?

I submitted my tax return for the 2012/13 financial year. I was requested to submit supporting documents, which I did. I was informed that I owe a sum of +-R162

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Can I still get a tax rebate for 2011 -2012 tax year?

my irp5 has the following figures R76545 GROSS SALARY - and R5319 TOTAL DEDUCTIONS(included UIF, SDL,) WILL I GET A TAX REFUND If you have no other medical c

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I get R2000 petrol allowance, do I include this amount for travel allowance when I do my calculation

I have a company petrol card that I use for R2000 per month. SARS will take this allowance into account when it does your calculation as this is shown on you

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How is company tax calculated?

If a company has a turnover of R1 million on a specific month, cost of sales is R600 000, with a GP of R400 000, but overheads exceed that amount, is any compan

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Income tax calculated and then?

Hi TaxTim, I hope you can explain to me in simple terms the following. If one receives a gross salary of R20 000.00 with no contribution or allowance paid month

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Do I need to pay TAX if my salary is R5500?

Do I need to pay taxes if my salary is R5500 a month? R5 500 per month is just below the tax threshold and so no tax will be paid.

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Medical aid expenses over the tax credit, can I claim?

I incurred alot of medical expenses not covered by the medical aid last year and not sure if I will be able to claim them as a deduction in the upcoming tax ret

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What type of business entity would be the most tax efficient for forex trading?

I am considering doing forex trading professionally and would like to know what would be the best business entity to open a trading company from a tax perspecti

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Can you complete one return for both salary and provisional income or do they need separate returns?

Is the provisional return a separate one to the salary return or can they be done together? The provisional return is done twice a year and separate to the y

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Provisonal Tax

Good morning From the 2nd of may I will be retired and will only earn income by way of 2 pension pay-outs from different employers. Must I register to become a

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I would like to claim rental income and expenses relating to renting a property out, what can I clai

I would like to claim rental income and expenses relating to renting a property out. What expenses can I claim? Can I claim cost of a computer and printer, tele

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If I pay for for my entire medical aid contribution am I eligible for a rebate?

Am I entitled to a rebate if I pay for my entire medical aide contribution You are entitled to the monthly rebate even if you pay your entire medical aid con

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Tax audit for the year before we bought the company?

SARS wants to audit a company that we bought 3 years ago. But the audit is for the year BEFORE the sale. The sale was "voetstoots", and the previous

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Depreciation on cars, how does it work?

Your depreciation calculator - is it up to date in terms of percentages allowed etc? Second question - I am a sole prop. I know that I can deduct business expens

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I will be earning R300000 a year what will my tax be?

I have been offered a job for R300000 a year what will my deductions be. Thank you for your help. Kind regardsVicky You would need to go back to your employer

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What are the other ways I can pay SARS?

Hi, I am not using eFiling - are there any other ways to make payment of my tax? I heard from my neighbour that you can take cash into a SARS branch or EFT them

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Just want to confirm how to dispute SARS denying the wear and tear allowance on my laptop?

SARS denied the wear and tear claim according sec 11 e for the laptop I had to buy myself and use at work 100% of the time, they said its denied according to se

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How do I go about getting a tax number?

I am an SA citizen, and have just moved back after living in the UK for five years. I have never had a tax number. I am opening a small consulting firm and need

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Can I give myself a salary if I run a sole proprietor?

I just need to find out if I can deduct a salary for myself as a business expense? please can you assist. As a sole proprietor you would pay tax on the net p

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Spending 6 months out of SA. Will I have to pay tax?

I am resident in SA, but from 2014 I want to try a new life whereby I spend 6 months (winter!!) out of the country each year. During this time I would be earnin

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Tax resident versus non-tax resident?

Just read your post about "how do i know if i am a tax resident" great article, but lead to a few questions? I am a US citizen, got a job offer in SA, how do I

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I am employed as a temp but have started another side income. how much tax?

My income after my UIF and tax is R7 950. And any over time I work is taxed per hour. Last month my nett was R11 200. I also sell corals to pet shops that I grow

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