Tax Q&A
Tax whilst employed fulltime and a director of a PSP private company
Hi Tim thanks for the awesome work. How does being a director of a private company affect personal income taxes( noting that this work is occasional in addition
Read moreAmount monthly paid for tax
How much tax do I pay if my net salary is 8000r? You probably earn about R8570 per month and therefore pay about R570 in taxes each month.
Read moreAre computer components (CPU, RAM, etc.) considered to be "part of a set"?
Regarding the writing off of assets under R7,000 in value, you mention here[*] that the items must not be "connected" to one another or form part of a set. I pu
Read morePIT Assurance Audit turnaround
How does one get selected for a SARS Assurance audit? What is the turnaround time? Please read through our article on audits by SARS
Read moreDepreciation on private vehicle
Can one claim depreciation on a private vehicle if you have already claimed for travelling - Commission income If you are using the AA rates to claim back pe
Read moreDont know if SARS has my correct banking details?
How do I check my banking details on SARS efiling, as there is still an amount due to me from 2 years back. And still I have not seen that money in my bank acco
Read moreIs SARS Randburg open on Saturdays
TaxTim is SARS Randburg open on Saturday, im getting conflicting reports. You need to call 0800 00 7277 to find out, we do not have access to their scheduli
Read moreWhat does annual tax on amt mean?
What does annual tax on amt mean? this appears on a payslip and paye This mean all the tax they have paid over to SARS on your behalf so for in the tax year.
Read moreWhich tax form must I use to submit to SARS?
I last submitted my an IRP6 form via eFiling in August 2014, end of Feb 2015 is my year end. . Do I still complete a IRP6 form or do I also complete the IRP12?
Read moreI NEED TO RESET MY PASSWORD AND LOGIN NAME
I NEED TO LOG IN TO EFILING I FORGOT MY PASSWORD AND ALSO LOGIN NAME You need to call 0800 00 7277 and request a reset of your login details.
Read moreMedical refund from SARS?
What is the limit a person can claim for medical paid cash out of your pocket and not by medical aid. Even though we have medical You are able to claim a ded
Read moreHow can I get my tax number?
I need my tax number for the work, how can I get it without waiting for agent or to go to the office for my number? If you have already applied then you can
Read moreIndividual power of attorney
What power of attorney do I need for an individual to request his/her tax reference number for them at SARS? You would need a Special Power of Attorney which
Read moreBeneficiary of R80 000 from a will
If I received R80 000 from a deceased's will how much tax do I pay on that amount You will not personally pay any tax on this amount, however it depends
Read moreE.g on R215 000 gross what percentage tax do I pay to SARS?
What is the percentage tax payable on gross earnings per group? You can see how much tax you would pay by making use of our SARS income tax calculator
Read moreMust I pay taxes at age 20?
I am 20 years old and I earn R78000 p/a should I pay tax? Yes, please make use of the SARS income tax calculator to calculate how much tax you paid.
Read moreWhat is fsp purpose in relation to tax and pension funds
Can FSP help with tax matters and pension funds payout. Are they helpful or just another daylight robbers? They are not allowed to by law offer tax advice un
Read moreHow long, if you dont have a tax number, do u have before you need if u have recently been employed?
Lets say someone just recently started working, and wont be able to get their tax number before pay day. Is there an allowance or period that that person allowe
Read moreMy wife earns 35% commission (salary) per month ,how does her employer calculate her PAYE?
My wife does not earn a salary but earn 35 % commission on all work done. She generally earns more than R10 000 per month. How does her employer calculate her P
Read moreWithholding of information and tax related information
I am a member of a CC which was used for transactions of another person. The tax returns have not been submitted and they refuse to provide the information to e
Read moreI need assistance regarding provisional tax
I am a full time salaried employee who earns a monthly salary from my employer which is taxed. However I also do 'contractual' work for the same employer that i
Read moreMedical deduction 2015
Can you please tell me what will happen when I am older than 65 and have no medical aid, but do have medical expenses. What will my deduction be for the 2015 ta
Read moreCan we deduct loan payments ans taxi fare expenses?
Hi TimI would like to know if a private company can deduct a loan repayment which was utilized in the production of income, the proceeds received and receivable
Read moreProvisional tax for bonus paid
Ood day Tim, I heard from a passerby that I can ask my company to deduct provisional tax every month from my salary for the next reason :When I receive my annua
Read moreIT3a When do I recieve it.
When do I receive a IT 3a to declare the income at the end of Tax year. The company will send that out to you in May or June so you can use it for filing se
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