Tax Q&A

Freezing emigrants Retirement Annuities, how do I declare non-tax resident status?

Hi TaxTim, please can I ask about emigration and Retirement Annuities (RA)?The new South African tax regulation, effective March 1, regarding emigrants' RAs b

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Is there a limit on the contribution towards PAYE for tax on perks such as fuel?

As part of my package I receive the benefit of a fuel card and car allowance (but I do not do any business travel). However, on my tax return for 2020 I had t

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SARS discrepancy sms

I got a sms from SARS reviewing discrepancies identified between 3rd party (TaxTim) and my last Income Tax tax return. Also they are advising me that I should

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What does SARS mean by auto-assessment?

I saw something in a news article about SARS issuing auto-assessments this year from 1 August. I tried to research but couldn't find much and this is all very

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Why am I being auto-assessed on SARS eFiling?

I received an auto-assessment from SARS. My husband did not receive the SMS but my friend also received an SMS saying she has been auto-assessed. Why have SAR

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What happens to previous late/incomplete tax returns after a penalty has been paid in full?

I have been working abroad permanently for more than three years and I reside outside of South Africa. I have never fully understood the tax rules and see tha

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SARS sent me an SMS about auto-assessment? Is this legit?

I received an SMS from SARS which mentioned something about an auto-assessment. I have not heard of this before. I don't trust anyone these days, and because o

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Can I reject the SARS auto assessment and fill in my tax forms?

I received an auto-assessment from SARS and I am not certain how to work around it. What I do know is that I would prefer to complete a tax return as normal,

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Income tax on drop-shipping

I am currently doing drop-shipping, the products which come from over sea, so I would like to know what income tax would I need to pay. What do I need to know

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Individual Tax Consultation

In January 2018 I stopped working as a full time employee and for the 2018/2019 tax year I did various things (including foreign travel and work) and earned d

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What is cut-off date for tax return submissions?

What is the cut-off date for submitting a tax return this year? I am struggling to get a hold of my IRP5 from my previous employer and I am therefore concerned

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Tax deductions exceeds the tax paid

What happens if my Allowable Tax Deductions exceeds the tax paid in the same year. Logically I should only be able to claim back the actual tax paid? It will

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First business tax submission date?

I have a Pty Ltd that was registered in February, the Provisional Tax payments must be made in April and October. SARS says I must make tax payments from the

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How to check available funds at SARS

If you have never filed for a tax return before, how do you go about checking if there are funds owed to you at SARS? I would like to start filing my tax retu

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Learning disablity claimable from SARS

I pay for a scriber to assist my daughter that has a learning disability, I would like to know whether I will be able to claim this expense from SARS. I did no

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Voluntary sequestration and eFiling profile

I just had my voluntary sequestration of estate approved by the high court on the 24th of March 2020 and I now need a new tax number. SARS say I can do that th

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TaxTim Filing before tax season

I have registered on TaxTim and have also granted you permission to get my information from SARS. Should I wait till tax season begins before I complete all t

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Contract worker and Tax

I was retrenched at the end of 2017. My last Tax Return was done in the year 2018. Since April 2019 I have been receiving income for work done on a contract b

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IRP5s and companies paying RA for employees

If a company is paying into a Retirement Annuity (RA) for employees when preparing an IRP5, using source code 3828 as income, would we then need to use source

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Financial Emigration

I have recently moved to the United States. I am now living and working there. I would like to financially emigrate. However, I also still have to file taxes f

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Foreign Employment and Tax Implications

I am a South African resident currently employed full time. I earn a monthly salary of R23000 (before tax). I have recently started consulting part time for a

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Provisional Tax and Rental Income

I have filed and completed the 2017 personal income tax for myself. I started receiving rental income from my property in March 2017. Where do I declare this

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Company Income Tax Due date

My company was registered in April 2019 with a year end in July 2019. I submitted a provisional tax return in August 2019. When is the Company Income Tax tax

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Outstanding Provisional Tax

I think I needed to submit my last tax return for year ending 29 Feb 2020 as a provisional taxpayer. I have now unfortunately missed the two provisional oppo

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Provisional Tax and Annuity Income

At the start of the 2021 tax year I will be earning a monthly income from my living annuity [LA], however as I understand from the provider of the LA, that ta

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