Tax Q&A

I need to add my Capitec banking details

I have changed banking details, but have no idea how to do this on SARS eFiling, can you help please? We are unfortunately not able to update the banking d

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Provisional taxpayer: what to do if I became one late in the year?

I only became a provisional tax payer in December 2024. Prior to that I was under PAYE with my previous employer. How do I submit my tax return and will I need

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How to claim a home office deduction if I didn't receive an IRP5?

I worked for an international company (UK based) during the 2024 tax year. I was a contracted employee, meaning I had to submit salary invoices. Therefore, I

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Does inheritance have to be completed in IRP6?

SARS told me to register as a provisional tax payer and I have completed your form. However I inherited approximately R500, 000 and I don't see where to fill t

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What happens if I have exceeded my contribution limit at retirement?

Saving for retirement is one of the best financial decisions you can make, but sometimes, you may contribute more than the tax-deductible limit in a tax year. I

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What is included in Statement of Assets and Liabilities on ITR12?

If I earn business income as a sole proprietor for services delivered as an electronic engineer, do I need to declare all my personal assets (bank balance, inve

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Travel deduction for an on older car

I'm a commission earner and I can claim travel expenses. When I complete TaxTim 'Travel Deduction Optimiser' it will only let me choose the date of the purchas

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Vacation Home - What do I submit/declare in my Personal Tax Return?

I bought a house December 2023, which are rented out as a vacation home. This is my first house that I bought and do not know what I need to submit/declare in

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Cannot access refund due to a special stopper

SARS owes me a refund but according to the call centre they placed a stopper on my tax account and now need to see proof of the payment I made that caused the

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Can I claim home office expenses I incurred in 2020 a few years later?

Good day,I am writing to ask if it would be possible to make corrections to 2020 tax return assessment. I would like to include the home office expenses claim

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Depreciation on furniture bought for rental property

I bought furniture for R 172 000 back in 2018 for my rental property. This was bought through the developer as part of a rental pool offering. Rental pool con

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Update Banking Details for a refund from SARS

Good morning,I am no longer banking with the bank I used during 2023 and am trying to update my details on SARS eFiling. So far, I have successfully added my n

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Is rental expense a tax deductible expense for Airbnb subletting?

I know that the interest on a bond is tax deductible in the case of an Airbnb. I was wondering if the rental of a property is also tax deductible if you use the

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How would SARS tax you if you win the Powerball?

If I win the Powerball and decide to put all my winnings into a savings account and live off the interest, will I have to pay tax on my interest earned only, o

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How do I obtain my ITA34 documents?

I have lived abroad for six years and have not paid my taxes in South Africa. I have now returned and am living in South Africa. I need to obtain my ITA34 docum

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How do I do my taxes as a freelancer?

I'm a freelancer - how do I do my taxes? Do I register as provisional taxpayer or can I still pay PAYE monthly? Yes, you are classified as a provisional

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One time pin (OTP) is sent to the wrong cell number and email

I am trying to authorise TaxTim to share access to my SARS profile. When I click on the Manage Tax Types request, the one time pin is sent to the incorrec

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Should I trade as a SBC or Sole Proprietor?

I've secured a contract of R3. 1m for two years which is going to be invoiced at R130k per month. Whats the best way to go about this? Should I set-up my busin

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I'm a remote worker who needs help with their tax

I'm an independent contractor working remotely for an international company. The company is not obligated to pay my tax, therefore I need to do it myself.

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Is there tax on interest earned on money in savings accounts?

I think my tax return for 2023 was incorrect. The amount in my ABSA back account pulled through and according to me, I am not supposed to pay tax on interest e

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Claiming 12B tax deduction on IRP6?

I made a contribution towards a solar investment fund. My question does not relate to a rebate for my home installation. I have contributed to a large fund tha

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Why are my SARS attachments blank when I open them?

I just filed my provisional tax return (IRP6) using your platform. I received an email from TaxTim with the following instructions: "To view the contents of y

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Can construction workers claim a tax refund?

I work as a bricklayer on a building site. Do I need to submit a tax return and are construction employees allowed to claim a tax refund? Anyone who earns an

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How do I calculate tax on my overtime?

I worked some overtime in the past few months. I am wondering how to calculate the tax on it. What tax bracket does overtime fall under? There are no separate

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Do I file a provisional return for a sole proprietor that I started in January?

I started as sole proprietor in January this year. Do I still need to file a Period 2 provisional tax return (IRP6) this February? The questions on Tax Tim are

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