Tax Q&A

answers

Delay of payment of tax refund for 2015

I submitted my tax return to SARS via SARS eFiling for 2015 on time. The Tax Calculator indicated that the amount of R7584. 18 was due to me. This was confirm

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PAYE unaccounted for

I've been working for a company for the past 2 and a half years. I've been paid a monthly salary of R6500 before deductions. I was recently asked by our compa

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Tax on a donation between brothers

My brother owns half of a property and myself the other half. My brother lives in Australia, and want to donate his part of the property to me, as he is a cit

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How much will my tax refund be?

Joe turned 65 in June 2015. He earned R240 000. 00 during tax year, and there was no other deductions from salary. He contributed R6 000. 00 during the year t

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Can I claim for my own training costs?

If I was un-employed for a specific tax year, and attended various technical courses, at approved Training Centres affiliated with Merseta, for artisan course

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How to treat NHS contributions made in UK on my SA tax return

I was employed in the UK for 3 months during the 2016 tax year and had to tax return to SA for personal reasons. I do meet the physical presence tests for pur

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Tax on initial lump sum payment upon early retirement

How much of R220 000. 00 is paid as lump sum on retirement at the age of 55? Is the lump sum tax deductable? If this is your first withdrawal of a lumpsum t

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Does SARS pay interest on refunds due?

Interest payable on refunds:I objected against admin penalties incorrectly charged and I am due a refund of R18,000I objected against a incorrect tax assessme

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deductions on salary increase

My company would like to offer me an increase. I have the choice of a straight bump-up or I can choose if there are specific benefits I would like that will h

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Can I file a tax return before the tax season starts?

I am foreigner and have been working in SA since Dec 2014. My contract will be ended in the end of May 2016 and I will be leaving SA. Can I file tax return be

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Does my employer have my tax number?

How do I know if I'm registered for tax at the company I work for? You could check with payroll/HR to see if they have your tax number? Alternatively call S

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Tax on a sole proprietor

I have just opened a sole proprietor in my name. My questions is probably one of the most common ones but I would love to receive a clear answer. I would like

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Independant Contractor - deductions

Can I, as an independant contractor, pay my unemployed spouse a minimum wage salary and deduct this from my monthly taxable income? I do have a payrol service

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PAYE on retrenchment package

Which percentage l am getting a package of gross 79383.61 rand after retrenched please help me. A retrenchment package is subject to special tax tables -

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Supporting documents for capital gains tax deduction

I have sold my primary residence which was bought in 2002 and there will be a profit of more than R2 000 000 subjected to Capital Gains Tax. There were a few

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Turn over tax compared to small business tax

If my company was registered for turnover tax and it makes R500 001. I would be taxed R1650 2% of taxable turnover above 500 000. Am I correct in saying as

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No IRP5 due to retrenchment

We got retrenched in Sept 2015 after not being paid two months salaries. Employer claimed liquidation, but no details up to now. We do not have IRP5 because t

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Medical deduction

I paid for the medical fees when my girlfriend gave birth to our son, I'd like to know if a can claim it back form SARS. She doesnt belong to a medical aid

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PAYE on a salary below the tax treshold

I am currently working at an NPO and earning R 6000 per month. Currently the organisation is taxing me R300 per month (although this often fluctuates randoml

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Capital gains tax on primary resindence

Hi Tim, My wife and I bought a house which we own 50/50. We are currently renting out that house as we want to renovate it at some point in the future and the

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Medical expenses on chronic medication

Are payments by Medical Aid Funds for medical expenses incurred ( eg. Chronic medication) on behalf of a member treated as qualified medical expenses Qual

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Can I submit tax returns on behalf of clients?

I opened a new bookkeeping company operating from home. I did a three year diploma in 1997. Can I do online SARS eFiling for other small companies e.g. VAT,

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Tax on uk based rental income

I bought a flat in the UK whilst living there. I have since moved back to South Africa permanently but still own the flat and earn rental income from the flat

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PAYE deduction from Independent Contractor

I am a bookkeeper new to the film production industry and need some clarity on freelance artists. My understanding is that unless they have a registered compa

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Tax liability on salary earned

I get a salary of R8000 per month how much tax should be deducted Please make use of our SARS income tax calculator

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