Tax Q&A

Late Objection

My 2015 tax return was finalised in Feb 2016. I did not object to the assessment within 21 days. Can I do object at this late stage? You can yes, but you n

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Tax practitioner fees

Is a tax practitioner allowed to ask a fee based on a percentage of the refund I get or should they give me a quotation before the work commence? There is

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Tax rate on pension withdrawal

What is the tax rate of the R 1 300000. 00 for pension withdrawal? Please make use of our Lump sum calculator to see tax due prior to retirement.

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Submission of old tax forms

How do I go about submitting a tax return that was for the 2014 year of assessment? You should be able to request this tax return on SARS eFiling. Register

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Maternity Leave

I was on maternity leave from the 21st July to 1st December. During this time I did not earn a salary and claimed from UIF. How does my tax returns then get c

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Donation from father to help with bond

My dad wants to help us with our house bond by paying R100 000 into our bond account. Does this have any tax implications? This would be a donation - it i

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Does capital gain require registration as provisional taxpayer?

If I make a capital gain do I need to register as a provisional taxpayer? Please check our questions on Am I a Provisional taxpayer? You will only be a prov

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What allowable deductions does a Pilates instructor qualify for?

I am a Pilates instructor and earn a commission from the studios I work at and I do my own invoicing for clients I see outside of the studio. The later I am s

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Will SARS penalise me for outstanding tax returns?

I'm not sure if I disappeared under the radar for some time now due to generating my own income for years barely surviving and then going bank. At that stage

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Can I claim medical aid payments if my husband is the primary member?

Can I claim on my medical aid payments as a deduction being self employed when my husband is the primary member? The payments cover both of us. Lastly we have

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CODE 4001 opposed to CODE 4002

Under your retirement heading you mention a code 4002 for pension fund contributions. I do not have 4002 but 4001 as my pension fund contribution on my IRP5.

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Loan to parents

I loaned my parents money to purchase a vehicle in December last year. As my mum was going to be the primary driver, it was registered in her name. It was agr

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Does a capital gain force me to submit a tax return?

I have received an Allan Gray IT3(c) tax certificate for capital gain/loss for 2016 for R 121556,98. Do I have to submit this to SARS tax return as am retired

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Employed by a foreign company, and need to pay over my own tax, how much will it be?

I've recently become a contractor to an overseas company, I've been informed, that I have to pay my own income tax. I send them invoices. My monthly invoice f

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Deposit of foreign income into South African bank account, is it taxable?

If I am working outside the country and wanted to send a large sum of money as a deposit for property within South Africa what are the Tax implications if any

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Am I tax liable if I did not earn an income in South Africa?

I relocated to the Netherlands in 2003 for work on a 2 year contract. When I left South Africa I completed a form to state that I will be out of the country f

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Can I still update my new address with SARS?

I worked at one company up until September 2015 and started at a new company in September 2015, when I moved to my new company I also moved house so on my pre

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Tax on part time work

I am currently employed and my employer pays PAYE. Recently I undertook small part time jobs probably totaling around R40 000 income for the financial year. D

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Can I deduct salaries I pay from my unrelated salary for income tax purposes?

Hi, I have a quick question, I am a permanent employee of a company and earn a monthly salary from which I pay medical, pension and pension fund, all deducted

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what expenses can i claim if I own a taxi?

If I own a second vehicle and use that second vehicle 100% as a Taxi. Would the tax be payable on only the income or payable on income - (minus) expenses? Fo

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How does one declare and pay CGT?

If you are a shareholder of a company and the company has sold out a chunk of its shares... And due to this a pay out will be made to each shareholder.. I own

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Can I claim for travel expenses without any records?

I am a freelancer which I started in June 2015I did not keep a log book am I still able to do any sort of travel claim as I spent most of my time driving out

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Is money received from an NPO taxable?

A friend of mine receives money from a NPO regarding admin services performed to that NPO. Should it be included in her gross income? Yes, it should be inc

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PAYE due on my pension fund withdrawal?

I've just resigned and waiting for my pension fund to be paid out which is 77000 what tax am I going to pay on that amount or not? Please make use of

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Can I still pay UIF if I dont have a tax number?

I have been working for 2years now and my employer gave me a Employee Income Tax Certificate(IRP5). I don't have a tax number but there's deduction for UIF,I

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