Tax Q&A
Rental income allowable tax deductions
I am currently in the UK and need some help regarding various tax related queries before I tax return to South Africa within the next 2 monthsIncluding my tax
Read moreWhat is tax rate on pension payout?
My provident fund payout was taxed at 18%, but my pension fund payout was taxed at 26. 91%. Is this correct? I resigned from my previous job on 01 May 2016. I
Read moreTax on inheritance received by an individual
I have recently inherited a sum of money from two sources. One, my late mother's estate account via a will and the other, a pension claim from my late mother'
Read moreCan my VAT liability be back dated?
I run an events company and should have registered for VAT a long time ago, but am only doing so now. On completing the registration form, they will see that
Read moreWill I have to pay tax on my late husbands RAF claim pay-out?
My husband was killed in a motorbike accident by a drunk driver. I am awaiting a settlement from the Road Accident Fund and I have a few questions please. 1.
Read moreWear and tear on coffee machines?
What is the wear and tear rate for coffee machines Please make use of our Wear and Tear calculator to determine this.
Read moreFiling season start date?
When can I start on my tax claim, Tax filing season for 2015/2016 opens 1 July 2016. Register for TaxTim and let us assist you to complete and submit your t
Read moreHow to complete the IRP3(a)
In terms of the IRP3(a), how does one do the manual calculations of the taxation that should be deducted if ''other''(X) is ticked under the directive reason,
Read moreHow does capital gains tax contributes to vertical equity?
Explain how capital gains tax contributes to vertical equity. 40% of the capital gain is added to your taxable income and will be taxed at your marginal r
Read moreHow is CGT paid, is it deducted from gross investment or added to gross annual income
If you are subject to capital gains tax, how is it paid, is it deducted from gross investment or added to gross annual income 40% of the capital gain is ad
Read moreForeigner earning an income in South Africa
HiI would like to know if a Zambian resident has a work permit in South Africa and gets paid per hour but into a Zambian bank account will he be taxed in Sout
Read moreVAT to be (not) charged to a EU company
We are supplying product to a company NOT registered in South Africa. Invoices submitted will be paid to the entity in Europe through a forex payment. THe ins
Read moreExclusion of R 40 000.00 of Capital Gains Tax
Two sisters bought an apartment. When they sell the apartment, capital gains tax is applicable. This is not a primary residence. Is the R40 000. 00 exclusion
Read moreTaxTim and present SARS eFiling status
If I register with TaxTim how is my present status as an SARS E-Filing tax payer affected? Do I need to de-register as an SARS E-Filer? You would remain reg
Read more2014 Tax Deductions Not Claimed
A few years ago (in 2013) when I submitted my tax returns I omitted to claim for a large amount of medical expenditure. Can I rectify this situation, or, is i
Read moreIs my income taxable if I only spend on average 3 months in a year in SA
I am almost 70 years old and receive four pensions from the Government Employers Pension Fund (GEPF). The pensions form 98% of my income, the other 2% is deri
Read moreTax implication on provident lump sum fund benefit
I've been unemployed for the past six years. My tax number with SARS has been deregistered. Insurance company requested an IRP3 directive on my behalf from S
Read moreCan i setoff my personal rental against the rental income of my only property?
I built a home, had to move for work and am currently renting out my primary and only property for R16500 per month. In the area to which I moved for my new j
Read moreHow do i submit a nil return on E-filing?
You used to help with my tax return before I retired in June 2013. I cannot remember my password, and my e-mail address has changed. Please advise: I did not
Read moreAm I paying PAYE?
How would you know if you really paying tax? Are you employed and do you earn a salary? Yes I am employed and I am earning a salary The tax you pay
Read moreHow do I claim my travel expenses against my allowance?
I'm a commission earner, started on the 1st December 2015. I have been using my car which I bought in July. I had a log book but some of my petrol receipts ha
Read moreDo I earn enough to pay tax?
Hi TimI started working online and get around R2000 -R3000 a week. Sometimes less, sometimes more. Some of the work I get is out of the country. So I just wan
Read moreHow to capture EMP501 and IRP5 values
When capturing an EMP501 on Easyfile, under Liabilities, do I capture the payroll values exported from my payroll system for payment every month or do I captu
Read moreHow can I obtain a tax clearance certificate?
How can I get my personal tax clearance certificate for income tax This can be obtained on SARS E-Filing by selecting the menu option "Tax Status". Please
Read moreTurnover tax, can one claimable expenses prior to the tax calculation?
What expenses can be claimed before u calculate the tax payable on company that is registered for Turnover tax? The tax is payable on the turnover/sales be
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