Tax Q&A
Am I really an independant contractor?
I am soon to start with a company which has listed me as an independent contractor. - I will be working from home after my initial 6 week training/trial perio
Read moreAm I able to claim additional medical expenses?
Hello - I am 52 years old - I have a medical aid - a discovery coastal saver - essentially a hospital plan with a portion of my my premiums going into a savin
Read moreMedical aid gap cover
What about medical aid gap cover, can I add this to my total for the tax year? I. E. Adding it to the total of what I paid for during the tax year on my medic
Read moreMaximum tax deductible contribution towards a RA
I am trying to work out the maximum tax deductible contribution to a Retirement Annuity. Person earns R1 000 000 of which 75% is pensionable. Total contributi
Read moreNot a South African resident, but have a local investment, do I need to pay tax?
I'm a dual citizen having both South African and British citizenship. I have worked all my life in UK and am in full time employment under a contract with UK
Read moreNo payslips, no proof of PAYE being withheld
Good evening, My fiance has been employed by a small business as from the 1st of February 2015. His employer does not provide him with payslip nor did they pr
Read moreTax return filing for an employee, who's PAYE is borne by his employer
Hi TeamIf any employee goes on deputation to South Africa from any country and his PAYE is borne by an employer. Then who is responsible to file a tax return
Read moreAm I required to pay tax?
Need to now if I must pay tax. I earn about R6000 but my employer deduct about R141,16 for Uif so that leaves me with R5,858 No you will not have to pay ta
Read moreMedical aid cover in relation to out of pocket medical expenses
Is it more beneficial to have a medical aid that covers less so your medical expenses (not covered by the medical aid) that qualifies for a tax return would b
Read moreChange in asset value when converting company from a CC to a PTY
When converting from a close corporation to private company, will movable assets cost value change in the books of the company. That is the book value in the
Read moreIncreasing rental property loan to reduce home loan?
Is it possible to take some equity out of our rental property by increasing our loan on that property to put against our home loan and would the increase in i
Read moreBusiness tax assistance
I have a small company in the travel and tourism industry. I am the sole owner/director and also am running things by myself at the moment. Do you assist with
Read moreCan I deduct the commission earned by the attorney on a deposit?
We bought a house and gave a large cash deposit to the attorney to hold. The transfer of the house took a while so the interest accrued amounted to some R6500
Read moreReturn completion?
What are this code for 3696, 3697 & 3698?where should we put the amount from certificate for income tax purposes from SANLAM? 3696 - Non-taxable income Onl
Read moreMeaning of non taxable income
What doe a non taxable income means on my IRP5 code 3696 This would mean income you have received which is not taxed i.e no PAYE is deducted.
Read moreSARS Penalty for late tax return submission 2015
I haven't done my taxes for 2015. Will I get a fine? You may, if SARS has issued nothing yet then you don't have to worry. However you should do your 2
Read moreCorrect calculations for income tax for a small business
Please could you direct me onto the right path. I am in the process of starting a small agricultural business, small here meaning the minimum amount of employ
Read moreHow much CGT am I due to pay?
I inherited a property in 2007 (it was transferred into my name in 2007, although my dad passed on in 1997) - delay caused by issues with executing the will.
Read moreTax directive withheld due to tax debt
If tax payments to SARS is outstanding, why won't SARS issue a provisional taxpayer with a tax directive They require all tax monies to be paid before appl
Read moreTax due on R24000pm
I am a Casual worker earning less than R24 000 a year a 25% tax is taken from my salary every month. Am I supposed to be taxed? If you are working more tha
Read moreCan i claim back Transfer duty?
I recently purchased a property for residential use. The conveyancers submitted a Transfer Duty to SARS and the transfer fees equated to R12600. I normally ge
Read moreCalculation of 183 & 60 days by working backwards a 12 month period from the last day of employment
I started working abroad in Hong Kong on 1 Jun 2014 and am comfortable meeting the 183 & 60 days requirement for the 2014/2015 & 2015/2016 SA tax year of asse
Read moreDonations from abroad
I am a south African working and living abroad. I would like to transfer some money to my retired parents. Will they pay tax on the money I transfer to them?
Read morePAYE vs Provisional tax for a member of a CC
I am a member of a CC and have 80% interest in the company. I run the operations of the company and have been paying myself salary. The company never register
Read moreWhat will my tax liability be if I start a business?
Hi, I can provide services such as graphic design, animation, music production and web development. I recently caught attention of few business owners wanting
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