Tax Q&A
What is an IRP5?
What does the acronym IRP mean and what is an IRP 5? An IRP5 is the Income Tax Certificate issued by your employer and given to you and SARS. It is a summary
Read moreDepreciation calculation of earth moving equipment?
I need to calculate the depreciation on the following items: (all of the items is earth moving equipment)- a bucket (which forms part of a machine)- a TLB- a Ta
Read moreWhere is my tax number on my IRP5?
Do my tax number appear on my IRP5. If so, where on my IRP5. Please have a look on the top right hand side in the first page next to reference number, it sho
Read moreCan we combine our three taxpayers, i.e. my own, my wife and our family trust?
I am a Sassa pensioner and also a property valuer working for my own account from time to time for agreed upon fees. My wife, to which I am married out of comm.
Read moreTax payable for one man business?
My husband will now be starting to sub contract for his company, instead of being "employed" by them. He will only supply labour. He will invoice them once ever
Read moreUnderstanding the primary rebate by SARS?
I just started my first job. I am having trouble understanding what the primary rebate? is that is specified on PAYE STATUTORY RATES AND TAX TABLES. Can you tel
Read moregood job!
No question, just wanted to say this is a GREAT website and service. Will sign up before the next tax season opens for sure. So very helpful! Thank you very
Read moreDonation in the hands of the receiver?
If I make a donation to my child of R100k I know I don't have to pay "donations tax" because this is within my yearly allowance BUT how is the income treated in
Read moreCountry code for Centurion
what is the country code for Gauteng South Africa? ZA or ZAF depending on which form you are completing.
Read moreWhich is the best way to maximise your return using the travel allowance?
There are two ways to calculate travel allowance that is deductible. One is where you keep actual expenses and the other is where there is a table of fixed cost
Read moreCompany income tax registration - who should be present?
Should all company members be present when applying for income tax registration? No, you do not need to have the members/shareholders/directors present. Your
Read moreCan I declare extra income at the end of the year, or must I register for provisional tax now?
If I did some freelance work in 2013 / 2014 tax year, will I pay a penalty if I only declare my extra income when I do my regular return? If the amounts are
Read moreHow are individuals going to experience the tax relief of 9.25 billion in the 2015 tax year?
How are we as individuals going to experience the relief announced in the budget speech which made a provision bringing a tax relief of R9.25 billion to individ
Read moreResults of Notice of Objection - nothing from SARS yet?
I have not received a response to my Notice of Objection which I filed in November 2013. How long does it normally take to get a response? Notice of objectio
Read moretTax on R15 000 and medical aid deduction and pension fund deduction
Hi, what would my tax be if I earn R15 000 a month, and have pension fund deduction of R700 and and medical aid of R1 500. Please make use of our Tax refun
Read moreWhat are the legal consequences for sole proprietor not registered as taxpayer?
Legal consequence for sole proprietor not registered as taxpayer You will face penalties and interest on the taxes owed and of course you are liable for the
Read moreCHANGE TO PROVISIONAL TAX PAYER on eFiling?
I have been a salaried employee bu have now started out on my own. Can I just change to being a Provisional Tax payer on eFiling? Click on How to register f
Read moreI freelance now and again but have a very low monthly income. Do I need to declare & register?
I love your business model, very innovative. I have a full time job and started offering to do freelance web designing for people. I have been told some conflict
Read moreHow do I register a Non South African with work permit for UIF ?
How do I register a Non South African with work permit for UIF ? Are you using uFiling or SARS' easyFile? Ufiling You should be able to enter them usin
Read moreDo travel days count towards 183 days out of country?
Do the days of travel to and from SA count as being out of country? Time spent in the airports does not count, you have to physically be outside of SA to be
Read moreTax on contract work?
When working for a company on a month contract, how should the tax deducted from your salary work? Only deduct for the month or work it out for the year? Yo
Read moreScared housewife - I may owe tax???
I have been a housewife for a very long time. I am now 63 years old. We are married outside community of property. I had a business for a short period, many yea
Read moreTax on inheritance?
If I inherit money from my father will I be taxed on it? The estate will be taxed on the assets it gives to the beneficiaries on anything over R3.5m at 20%.
Read moreWhat is tax on R8400?
What is tax on R8400? Please use our SARS income tax calculator in order to determine how much tax you should be paying.
Read moreTax Return late submit fine?
What is the maximum percentage of additional tax that you may be required to pay if you submit your tax return late? Depending on the value of the return, it
Read morePage 240 of 317
Showing 5976–6000 of 7902 articles