Tax Q&A

Waiting for my VAT number

Can I charge VAT while waiting for my VAT registration to come through? How can I legally show VAT on a invoice to a customer while waiting for my VAT number?

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VAT registration process

Can you guys do my VAT registration details? We unfortunately do not offer a VAT registration service.

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Vat Registration Cost

What is the amount before registering for VAT at SARS? Compulsory registration is R1million and voluntary registration is R50 000.

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Tax Deductible Donations

I made a tax deductible donation in the previous tax year, but the amount was over the allowable 10% deduction limit (as reflected in my ITA34). Will the exce

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Registering for provisional tax for start-up?

Does a start-up company (dormant pty company) with zero income for first 2 years, have to register for provisional tax? The director does earn a normal salary

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Farming tax

I was employed and practised farming part time, I didn't declare farming activities. I've purchased tractors and now farming full time and have a registered c

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Unit trust and tax

Do I need to declare interest from unit trusts that is under the threshold of R33000 (e. g. Local interest earned was R15000). Yes, you need to declare th

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My tax fluctuate every month

Why does my tax fluctuate every month on my payslip? I'm a fully employed with a monthly salary- no overtime or shifts. I saw that you've already said it shou

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Providing financial support to my elderly parents?

What are the tax implications of me providing financial support to my elderly parents? If the amount you're paying them monthly is less than R75750.00 annu

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Output VAT and levies

Is Output VAT supposed to be levied on Land if both parties are VAT Vendors? Kindly call SARS at 0800 007 277 and ask them to check this for you. We're unf

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Can I claim if not reimbursed by my employer?

My employer doesn't reimburse me for traveling in between the office and our sites. I don't have a company car but I drive about 92KM per day between the offi

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How to file a return?

Please let me know how returns are done. Do I provide all the information and you do the return on my behalf? Kindly register on our system and start a ta

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PAYE for hourly paid employees

Is PAYE calculated differently for hourly paid employees ? And if so How ? The amount is still the same.

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Tax on income paid in US dollars

I'm a South African citizen. Currently living and working in Argentina, but I'm considering taking a job that would allow me to move back home. The job would

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Do you need my documents?

I'd like to make use of your tax return service on the internet. What details and documents you would need from me? We don't need any of your documents as

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Are orthodontist expenses tax deductible?

Can I claim tax on an orthodontist expense for my child's braces? They are not covered by medical aid. Yes, you're able to claim it under the out of pocke

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I have multiple tax returns

I have multiple tax returns I need to file. Does TaxTim provide this service or do they only deal with current years submissions? Yes, we're able to assist

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Share trading

Do you assist with tax returns where share trading is involved? I trade in CFDs and equity via my broker for the past 5 years, however,I've not been making any

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Pension fund with half paid up taxes

Can I get my pension fund if I have payed up half of my taxes If you owe SARS an amount, SARS will deduct the debt from your pension and allow your pension

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Maintenance claims on pension fund

Will monthly maintenance claims by ex-spouse as per a successfully lodged divorce order against my pension fund be taxable in the hands of my ex-spouse, or de

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VAT and Tax concerns

I'm a registered company, but not VAT registered. We do not charge VAT on our second hand goods. Should we register for VAT? Also, should we complete a tax re

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On an internship - do I pay tax?

I'm currently working as an intern. The income is 8000 for 11 months, am I required to pay tax? Yes, you're required to pay tax as your total income is mo

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Waiting period for retirement from GEPF?

How long does a retirement file from GEPF take in SARS for a pay out date? I took my retirement claim at GEPF and completed all forms they gave me but I have

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Which costs are deductible prior to receiving rental income?

In respect of a second property that one rents out, starting off, can one deduct the following for personal income tax:(1) Bond transfer fees and registration

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How to make changes after submissions?

I submitted my 2016 tax return using my actual cost on my travel expenses. How can I have it changed to fixed cost as my business travel was about 16000km whi

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