Tax Q&A

Trading Loss on IRP6

I registered a company in May 2023 and did not make a profit during the tax year up to 29 February 2024. I understand that I still need to file a provisional t

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Is my Company a SBC or does it qualify for turnover tax?

Hi there, I would like to find out if I should be applying for turnover tax or small business tax, and if I would be considered a micro business. I have just c

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Tax on my travel allowance

My employer is satisfied that only 60% of my travel allowance will be for business purpose, do I only include the 60% in my monthly payslip for PAYE purposes o

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Donations to minors

If I donate R50 000 to each of my minor children (directly to their bank accounts) will R100 000 be tax deductible in my income tax return? No, unfortunately

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How are foreign dividends from an unlisted company treated?

Are dividends from foreign shares (not listed on any exchange) bought privately from a foreign business tax exempt? If not, how would the dividend paid b

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What percentage tax does a person as a consultant pay?

I have been offered a job as a part time consultant. The company says that I must pay tax directly to SARS. How much tax will I have to pay directly to SARS?

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I work two jobs - can I claim internet for both?

I work two jobs as an independent contractor in addition to my full-time salary. I use the same fibre internet connection for both these jobs which is debited

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My seafarer exemption was rejected. What do I do now?

I received a SARS assessment after submitting my tax return via TaxTim. During the submission, there was no payment to SARS expected. However I then received a

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Send me tax number

Please send me my tax number Getting a tax number is now as easy as registering on SARS eFiling. Simply register on eFiling and if you do not yet have a p

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When can I submit my tax return?

When can I submit my tax return for the 2022 tax season? Are the filing dates still the same as those of the previous year? At the moment the new filing dates

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Register as a Sole Proprietor

Can TaxTim help me register as a Sole Proprietor and assist me with my accounting? A sole proprietor income will need to be declared on your personal income t

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Tax Certificate Needed

I am newly registered business owner and I registered just before the lockdown took place and I did not receive my tax certificate. I do have my registration n

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Overseas income

I have been working overseas and will be doing so for the whole of 2022 tax year making me provisional:a. What average exchange rate will I use?b. When is the

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Will I get a tax refund if I accept the SARS auto-assessment?

My auto-assessment shows that I am due a tax refund. Can this be correct? Do you think I will receive the refund if I accept it, or should I rather reject it a

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Claimable medical expenses

I would like to find out whether I can claim antenatal multivitamins and non-script items as part of medical expenses not covered by medical aid? I have been b

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Accepted auto assess forgot my travel logbook

What will happen if I already accepted my auto assessment, but I have done so without submitting my travel logbook, am I able to fix this myself, what should I

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What must I do with the auto-assessment from SARS?

I received an SMS from SARS which says something about an auto-assessment. When I login to eFiling I see there is an option to accept or edit it. Are there any

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Why am I getting auto-assessed? Where is my tax return?

I received an auto-assessment from SARS but I am confused what this means. Why have I been selected by SARS and how did SARS get my data? Can I still submit a

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I received an auto assessment sms from SARS

SARS has sent me an SMS saying they have calculated my assessment tax and I can accept or edit this. I have done an early tax return with TaxTim and I'm not su

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SARS still need more information from me?

I have submitted my supporting documents directly to SARS as per their request, but somehow it seems like they still need something more from my side? Can you

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Claim tax on Affinity Health Medical Scheme?

I have a hospital plan with Affinity Health Medical scheme. Does that fall under medical insurance or medical aid? Please note that the plan pays for in-hospit

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Auto Assess and Travel expenses

I have received an SMS, stating that my tax has been assessed automatically and that a refund is due of R7000,00 however I do not know if my travelling has bee

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Can a sole proprietor claim for vehicle maintenance?

Can a sole proprietor (extra income, working from home) claim for vehicle maintenance (I do most maintenance myself, but have invoices for the parts) and insur

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Medical Aid claims and Dependents

I was the principal member of my medical aid plan for part of the tax year end Feb 2022 and my husband was an adult dependent. My husband incurred several medi

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Retrenchment tax

I have been retrenched because of the company cutting back on staff. My severance package is R107000 including R14000 leave pay. I am 57 years old female. I ha

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