Tax Q&A

Informing SARS of Inheritance or donations received from overseas?

I am a SA tax resident. What is the process regarding informing SARS if I receive inheritance or a donation from an offshore relative into my offshore account

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What is the percentage of tax deducted from part time workers paid per hour?

How much tax will be deducted if I work part time without any fringe benefits? How many hours a month do they work? The contract is for 32 hours per we

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How will my company be taxed, if so?

I would like to know if my business is eligible for tax, I got a tender supply project which amounted to R230000 Yes it is, businesses that make profits w

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What will my PAYE be?

I am going to be 67 in JulyI earn R18000. 00 per monthThe Company pays my full medical aid of R3940. 00What should my paye be for the 2015 tax yearMany Thanks

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Expenses allowed on sales commission?

Expenses allowed on Commission received on sales - what are they? Anything directly related to earning the commission - however commission must be more th

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2015/16 UIF deduction

Can you tell me when is the new UIF deduction coming into effect? As from the beginning the 2016 tax period? I am referring to the UIF deduction of R10 on the f

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Resubmitting

- Is there voucher renewed annually ?- How much does it cost to resubmit a tax return? Please have a look at our Pricing Page for the list of different pa

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Will I be entitled to a tax refund from SARS>

I started working January 2015, and started paying tax immediately. Does this make me eligible for a tax refund? I am slightly confused as to how this works.

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Tax deductibility of training courses for the self-employed

As a self-employed professional, can I deduct the cost of any courses I take to improve myself professionally? Thanks. What type of courses and what profe

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Updating banking details with SARS?

I registered for a SARS tax number years ago when I did some part time work whilst at school. Since then I have changed my bank account but I haven't notified

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Tax om commission

What is the percentage tax to pay on commission earned. My salary is R35 000 and some months I earn about R180 000 commission. It would be taxed at averag

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Procedure to follow for a company that never traded, never filed annual return, in need of tax clear

I incorporated a company in September 2014, it has never operated since then and never filed an annual/provisional tax return, now I am in need of a tax clear

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I want to know that my tax will be the same as other other people who have no responsibility?

If I have a responsibility to take care of the whole family, if there is a possibility for reducing the tax? Unfortunately not - only for medical bills if

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If deregistering a CC, am I required to "catch up" on tax years not submitted?

If my CC is deregistering this month, but I hadn't submitted a 2013 and 2014 tax return, am I required to do so now? You would need to be up to date from a SAR

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Claim on medical expenses from SARS?

Can you claim medical expenses like doctors and medicine if you only have a hospital plan Yes you can, the contributions claimed will be allowed as a tax cre

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Tax refund problem - not receiving anything?

2014 Tax went through 3 verification and an audit, SARS then verified 2013. I received completion letters for both 2014 and 2013 (received 23 February 2015). To

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Transfer balance of lump sum to living annuity. Is there tax involved?

I am retiring now on 63 First R500000 of Lump sum is tax free. If I ask my company to transfer balance of Lump sum that is R400000 to a Alan Gray living annuit

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Am I liable for a tax return if I am only employed for 4 months?

I am a housewife but am currently employed for the period of 4 months, earning R4000 pm. After this 4 month period I will be unemployed. My employer does not de

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Payment: retirement withdrawal - net of tax?

When I receive a retirement withdrawal benefit is it paid after or before tax is deducted? It will be paid after tax has been deducted and paid over to SARS.

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Tax enquiry on lump sums?

I am retiring this year on age 63 My lump sum will be R1 132 179 - How much tax will be deducted? Please make use of our Lump sum calculator in order to det

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UIF and PAYE on commision income for employee also earning a normal income.

Do you have to pay UIF on commission income if it is secondary income? An employee earns both a normal salary and a commission. Does he pay UIF on the salary onl

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How does contributing 100% to provident fund to employees impact the company?

What impact does the employer experience when they contribute 100% provident fund for employees? The employer will be entitled to a tax deduction as this for

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Do I have a tax number?

Do I have a tax number? Please phone 0800 00 7277 to find out.

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Does employee contribution attract tax upon withdrawal before retirement?

Upon withdrawal of provident benefits before retirement, does employee portion/contribution attract tax? The lumpsum will be taxed based on the lump sum tax

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Is a surety payment on behalf of a company, tax deductible in your personal capacity?

I am the sole shareholder and director of a company. I signed surety for a bank overdraft. This was called up and I had to pay. Is it tax deductible in my perso

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