Tax Q&A
I worked out at sea for 7 months last year, earned $ and was told I don't owe SARS?
Is this true or am I in the dwang with the man? That is correct, if you were on board for a consecutuve period longer than 6 months then no tax would need t
Read moreDonations between spouses, are they taxable?
Are donations between spouses, in the form of a regular allowance or a lump sum, taxable? Please advise the position for each spouse if possible. And does the r
Read moreTax due on unpaid invoices
At the end of the current financial year I have invoiced clients approximately R400K which will only be paid to me in the new financial year. Do I still pay tax
Read moreHow do i know if im a registered tax payer?
I don't know if i'm registered or not? Please phone SARS on 0800 00 7277 to find out your tax number.
Read moreI work seasonally, can I claim for medical expenses etc I encored while I was not working?
I work seasonally, six month sometimes five. How do I calculate my tax and can I claim for medical expenses etc I incurred while I was not working? Yes you
Read moreTax number, how do I get one?
I was called in an interview for a job and i passed then they said i must bring a tax number. Which i never had it before, how do I go about applying for one?
Read moreDBX tracker funds - are these taxed as local dividends or foreign?
We have some DBX tracker funds, when we get a monthly statement from the broker income is listed as foreign, but when the tax certificate is sent it is included
Read moreWould iI need to start paying tax yet if i just graduated and would be on a 6 month contract?
I completed my degree at the end of 2012 and started interning for an advertising company from Nov 2013 till the end of Feb 2013. Now they will be employing me
Read morewhat are the three main sources of tax from which government obtains its income
Like does it include VAT, Income Tax, Normal TAX OR Companies tax Government income is derived mainly from:Income Tax - Company and Personal (This includes C
Read moreHow long must I keep tax documents?
Must I keep monthly current account and credit card statements? Electricity and rates accounts? Investment statements and medical aid statements? How long? Y
Read moreHow can I find my tax number?
I need it urgently. You must phone SARS on 0800 00 7277 or it should appear on your IRP5 from your employer. If you received communication from SARS it would
Read moreCan I claim from SARS if I received pension payout of 76347.00 in May 2012
OLD MUTUAL PENSION FUND NO TAX CERTIFICATE RECEIVED Do you have an expenses such as medical aid or other retirement contributions? IF you are over 65 then yo
Read moreCan I deduct postage costs from my expenses?
I run an online business, where customers purchase goods from me and we post or courier orders throughout SA. Our costs are about R20 000 per annum -can this be
Read moreI did not submit my supporting documents in time?
After submitting my tax return for 2011 SARS requested supporting documents (logbook) from me. I failed to submit the relevant document in time (I did submit th
Read moreHow do I know if I am registered for income tax?
I have only been employed on a permanent basis for the last year or so, and have recently changed companies. I did not have a tax number before beginning work f
Read moreSars has auditted me. How do I object to the findings of the audit?
I was selected for an audit. SARS sent me the findings of the audit. I disagree with them. How do I object to the audit findings? Thank You The ITA34 will have
Read moreCan my mom claim if she pays for medical, but not tax registered?
My mom is older than 65, she gets a pension of about R5500 monthly. She belongs to a medical aid that subtracts roughly 1850 a month. She is not registered for
Read moreTax deduction if I pay spouse's medical aid?
I earn R8400 and pay R1536 monthly for my husbands medical aid. Can I deduct it monthly from my salary for tax purposes? What is a good percentage to pay for me
Read moreHow do you get a practitioner number and how many days do you have to receive it?
Are you required to have a qualification to have it and if it does what are the requirements? In order to be a practitioner you have to be registered with a
Read moreI have to send in my provisional tax information for the 1st time, have no clue, PLEASE help
Need to submit provisional tax info. I am employed and have a business on the side. What info do I submit? Have a look at this link and if you have any fur
Read moreIf I am a Sole Proprietor earning less than R59 750 for the tax year, am I a provisional taxpayer?
I am a Sole Proprietor (offering consultancy services) who is earning less than R59 750 for the tax year. I'm not sure if I should be registered for Provis
Read moreI've paid my provisional tax over to my accountant, what is the next step?
So is he doing my tax return or must I do my own tax return? If you are paying money to your accountant to pay over to SARS then I would assume he/she is doi
Read moreHow can I account for a lost laptop?
I've just started up as a sole proprietor and would normally depreciate laptops etc over 3 years. However, this year I lost a laptop that was not insured,
Read moreWhat tax do I pay, PAYE and UIF, to get a net of R6500
PAYEUIFTax Taxable income: R 6800 (R 81600 annually)Tax you will pay / PAYE (Pay As You Earn) for your age group and income bracket: R 270.66 (as per PAYE
Read moreMoving to UK but still be paid by my company in SA, what is the process?
I have a SA Company that is a Pty Ltd. We do various websites. We receive monies though debit orders from customers that list on the sites, all South African. M
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