Tax Q&A

I dont have a tax number and I want to have it?

If I don't a tax number and I want one what must I bring so that I can get a tax number? You can obtain a tax number by clicking the link on How to get a SA

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Will you be paid if you have investments and retirement annuities?

Is it true that if you have investments and retirement annuity you will be paid on your tax returns? If you contribute to a retirement annuity fund then you

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Deased lump sum.

My husband passed on 2011 September and I had a lump sum paid out to me should I submit those statements at SARS? The fund who paid the amount out would hav

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Are donations to political parties tax deductible?

Are donations to political parties tax deductible? They are deductible if the political party is a registered Public Benefit Organisation/Not-For-Profit and

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My Medical aid Out of pocket amount is R13000 results in how much deducted from my taxable income?

My medical aid out of pocket amount is R13 000How much of this comes off my taxable income? It would all depend on your income levels, but you can make use o

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Does the tax threshold change when you quit your job and begin your own small business from home?

Dear Tim,What happens to the tax threshold for when one is obligated to pay tax (R63k) when you work for a company for the first few months of the financial yea

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What can I do to get my tax number?

I working for construction company so I want to know if I'm registered? You need to contact 0800 00 7277 in order to find out if you have a tax number?

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I am commission earner can I use car payments as deduction. (HP)?

I am commission earner can I use my car payment as deduction,(HP)? You can use the payments made on your car as a deduction only for the work mileage travele

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Travel Allowance but l do not have a logbook?

I have been receiving a travel allowance since Aug 2013, however l have not kept a logbook but all the petrol slips as I was not aware of the process. Please ad

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is the % deduction for uif still 1% even if you get paid over R35 000pm

What is the basic % deduction for UIF on net salary of R35 000 and more per month ??? R148.72 for you and the same for your employer. UIF is deducted at 1% p

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Tax payment?

What causes one to receive correspondence from SARS? You could receive correspondence due to you having been assessed by SARS, received a penalty for late pa

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Provident fund withdrawal tax implications (retrenchment)?

I'd appreciate if you could confirm that a provident fund withdrawal is tax free (up to 315k?) if one gets retrenched? Please use our Lump sum calculator t

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What do you mean by include employment income? Would that be your salary?

On the IRP6 form for (Turnover) what do you mean by include employment income? Would that be your salary? Yes, it means all the income you earn from all sour

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How much tax on R255 904.30?

I am about to get a lump sum payment from my department! How would I know what tax will be deducted if the total amount to be paid is R255 904.30? Please mak

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Travel Allowance - claim for tax?

I receive a travel allowance set monthly amount from my employer. I do not have a vehicle but use a car pool to travel to work. I am taxed on this amount monthl

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How much must I get taxed if I earn R3500 per month?

How much can I be taxed? You will not get taxed anything as your earnings are under the threshold of R70 700 per year.

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FILE OF 2014 ITR12?

FROM WHAT DATE CAN IT12 RETURNS FOR 2014 TAX YEAR BE SUBMITTED? Filing season opens up on 1 July 2014. Click on our pricing page to take advantage of our ear

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What is the meaning of tax directive i.r.o pension payment?

What does: "Dear GEPF member. SARS issued a tax directive i.r.o your pension payment. Payment will be effected within 5 working days. GEPF queries 0800117669 th

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Travel reimbursement proof?

Do I need to provide proof to SARS when I submit my IRP5 if I get travel a monthly reimbursement from my company.i.e code 3703? The proof would be your IRP5

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Tax on Foreign income

I am receiving and will be receiving a maintenance settlement every month for the next 15 years from UK in the form of a cheque in British pounds. What procedur

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Should all travel claims for staff members be included on payslips and on their IRP5?

Should all travel claims for staff members be included on payslips and on their IRP5? Yes, depending on the nature of the travel claim, for those taxpayers n

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Retired 6yrs ago at 58, receive rental income of R90,000pa. Do I submit return? Am I in arrears?

I am now 61 years old and retired Feb 2008. Up until then all taxes were up to date. Since then I moved and receive R90,000 pa rental income from my fixed prope

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Voluntary VAT registration

My business has been operating for 3 months and I have managed to supply taxable goods to the value of R50 000. Can I register for VAT voluntarily or the busine

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Do I need to pay tax in my first year of self employment?

Do I need to pay tax in my first year working? Yes you do, as soon as you earn more than the taxable threshold which is R70 700 for the 2015 tax year you wil

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I am retrenched, how I can save money from my retrenchment package - provident fun?

I am retrenched, how much of my severance package and provident fund will be taxed? I want to learn the basics of income tax as a freelance writer, what will be

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