Tax Q&A
PROVISIONAL TAX VS PAYE QUERY?
I am a Freelance Art Director, started Freelancing mid Sep 2011. At the end of tax year 2012, I submitted my tax which reflected income from projects that I had
Read moreMedical Aid Tax Credits
Just want to know how it works with the Medical Aid Tax Credits. My friend works for a private company and on his Pay Slip under credits he has Medical Aid Tax
Read moreTax on local interest
Please can you tell me what tax I would pay on say R10,000.00 per month interest from local money market. I see R22 800 p a is tax free, then the local table ap
Read moreHow much tax must I pay?
I'm currently earning R10 000 and paying R1 306 for my own medical aid as it is not provided for by my employer. How much tax must I be paying? You will have
Read moreProvisional tax, what must I submit?
As a provisional tax payer I submit returns from September 2012- 28 February 2013. Am I allowed to submit on 1 March 2013? Do I need to submit receipts/ documen
Read moreI opened my shop in February of 2012, how do I organise my taxes?
I am not sure how to do my tax can you help? When must my tax be done? You would need to register the shop/company for income tax and probably VAT. This can
Read moreMY EMPLOYER PAYS MY FULL MEDICAL AID IN LIEU OF SALARY INCREASE.
HOW CAN II BENEFIT FROM THIS? IT SEEMS SARS DOES NOT TAKE THIS ACCOUNT. Regardless of who pays for your medical aid you will still be entitled to the medica
Read moreHow much tax do I pay on R6000 a month?
I am asking on behalf of someone...She earns R6000 a month and there is no deduction coming off, that is the amount deposited into the bank account. With that i
Read moreI have not filed tax returns since I don't work in SA anymore. Do I need to do this?
Hi Taxtim! I'm a SA citizen but a resident in Canada for the past four years and paying taxes here (even for investment income earned in South Africa). I worked
Read moreHow can i claim tax from my pension fund that has been paid out on resignation?
I have resigned from my previous company and my pension fund has been paid out and I want to claim my money back. When you received the payout from the Pensi
Read moreDo i pay tax if i earn less than R5200.00 per month?
I live in South Africa and earn R5000.00 a month. Do i need to pay tax? The current tax threshold is R63 556 per year which will be even higher in March so a
Read moreMy son is disabled, what costs can I recover for him?
Can I recover costs of his carer if she also cleans the house? Can I claim her transport? My son is still in nappies at 4 years old, can I claim the cost of the
Read moreHow long it takes to get my SARS tax number?
I want to know how long it takes to get my SARS tax number because i want apply for job? After submission it can take up to 21 working days to receive a tax
Read moreHow to calculate taxable income?
How do you calculate taxable income, grade 11 student? Please see this article: https://www.taxtim.com/answers/how-do-i-calculate-how-much-tax-i-owe
Read moreWhat is the tax situation is w.r.t. a donation of less than R100 000 from a child to a parent?
I know that it is possible to donate up to R100k per year to your children, but what about a donation to your retired parents? Especially if they are financial
Read moreHow do I fill in the form as a salary earner PLUS freelancer?
If I earn extra money as a freelancer, over and above my monthly salary, and I'm not registered as a business / CC, how do I fill that in on the form? i.e.
Read moreHow to do company tax returns?
How many times should I submit the returns for my cc? You would submit two provisional tax returns every six months and then a final tax return (IT14) at the
Read moreEntering Personal assets for the first time on ITR12
I am a member of a CC, and need to enter personal assets for my ITR12. This will be the first time that I will be entering the values of these assets, although
Read moreHow long does SARS take to pay out an income tax refund?
I received my notice two days ago and want to know how long it takes for SARS to pay out a tax refund? If you were not requested to submit supporting documen
Read moreTax Exemtion status
My name is Sam working for the NGO and we have received a tax exemption and the Public Benefit Organisation status how that can help us in our fundraising for
Read moreCan you help me with Provisional Tax return?
I am retired and my income is from Momentum who have invested my Pension Contributions when I retired. I always go to SARS to assist with my Return and was told
Read moreI don't know how to answer "Did you make any retirement annuity contributions?"
I don't know how to answer "Did you make any retirement annuity contributions?"... I do have a retirement fund, but the contributions come straig
Read moreWhat are the allowable retirement annuity deductions?
With regards to current year dedcutable amounts allowed, what is the 'amount b/f from previous year' and 'amount c/f to following year' (how
Read moreWill you be providing a return for the IT34 for submission to SARS?
The ITR12 is not the only SARS tax form that needs completion, there is the IT34 final assessment that also needs completion. The ITA34 is an assessment perf
Read moreHow do I get my IT3b and IT3c forms?
How/where exactly does one get the IT3b and/or IT3c forms from and how do I know if I qualify for/need them? I have some minor money market investments, but am
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