Tax Q&A

Can I get my tax clearance certificate online

My tax clearance certificate has to be renewed soon, can I do it online, and how, Kindly assist. You can apply for it via SARS eFiling by clicking on tax

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SARS is asking again for supporting documentation, but I have already submitted it in December

I have submitted supporting documentation as requested by SARS in December already (22/12/2016). I have received another request for supporting documentation,

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What are operational assets for a digital marketing company?

What are operational assets for a digital marketing company? These would be your business assets eg. computers, printers, furniture and equipment etc

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Tax on internship stipend

As an intern is my employer allowed to deduct tax from my stipend? Yes you are required to pay tax on your stipend if it exceeds R75000 per year.

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IRP6 completion

SARS says that my taxable income is an error, but I declared the income I earned for the year. They keep speaking about my previous year's income but I am no l

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Lump sum on IRP6

Am I supposed to include my pension lump sum on my IRP6? Also, how should this income be reflected on the annual income tax return? Kindly exclude the lump

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Return submission for tax year 2016

My company has a December year end. Do I submit my Dec 2016 financials for the 2016 or 2017 tax year? You will submit it for the 2016 tax year.

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Source code for renting out camera gear

Looking for the source code for a sole proprietor renting out camera gear, I am trying to apply for turnover tax and the form I'm filling in is asking for

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No IRP6 forms or history on my SARS profile

TaxTim helped me fill in my provisional tax return last week but I am not able to actually put in my Provisional Tax information as SARS is not showing my IRP

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Old returns outstanding

I have not submitted a tax return since 2007 as I was under the impression that someone else was doing it for me. How do I go about submitting tax returns fro

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When do I need to apply for a tax directive?

When do you need to apply for a tax directive? I have just been appointed as an estate agent and to date I have yet to receive my first income commission amou

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Tax implications on selling my second property?

What will my capital gains tax be if I received a payment of R680 000 upon selling my second property? Kindly refer to our Capital Gains Tax Calculator

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Rental income and fixed deposit

I have some rental income that I would like to invest monthly in my fixed deposit. Do I pay tax on the rental income and the interest yearly? I am a provincia

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Late return

I misplaced my supporting documents for my 2016 tax return last year, I have since found it but I needed to know if I can still submit my tax form even now th

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Refund or amount due to SARS

I have minus signs in front of my refund amount on my transcripts what does this mean? This means you will be due a tax refund from SARS.

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Awaiting registration verification

I opened a SARS eFiling profile but are able to click on the returns option, do you know what I am doing wrong please? It could be that your profile is awa

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Why does Tax Tim not ask me about Assets and Liabilities?

Why does Tax Tim not ask me about Assets and Liabilities if I am a sole trader? Once you are done capturing the income for your business our system will as

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Why did they double tax me?

I received an increase of 50% on my salary in January, but the tax on my salary seems to have more than doubled, can you tell me why this is? It is best th

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Tax on rental accommodation for staff

If a farmer supplies residential accommodation to his workers and deduct from their wages an amount of compensation (rent) for the benefit, should he be taxed

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Can I submit a return?

do i qualify for tax refund as a contract administrator? Kindly capture your income in our tax refund calculator to check if you are due a refund. Tax refu

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Travel Claim not allowed by SARS

Hi Tim, I received a travel allowance upfront however I do a lot of traveling between two offices and I claim back travel on a monthly basis capped at 1850kms

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Business Asset

Can a business buy a car from a private person Yes, there is no problem with buying a car from a private person.

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When do the age related tax rebates kick in?

I turn 65 in August 2017. Do I get the 65 year old tax rebate in the tax year ending Feb 2018 or only in the next tax year? You qualify for the over 65 yea

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Tax on pension (lump sum) payout

I want to resign from my current employer and need to know how much will I be taxed when I get my pension of R61000? Kindly refer to our Lump sum calculato

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Tax on foreign inheritance.

I am to receive foreign inheritance. How much can I bring in? What taxes are applicable? Do I have to furnish proof of where the money comes from? Foreign

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