Tax Q&A

Living, working and paying tax abroad

I have been living and working abroad in Australia for Australian companies since 2017. All the while I have been paying income tax, social security tax etc. i

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Transfers from spouse & car sales

I have 2 questionsQuestion 1: My wife sometimes transfers some money into my account to pay a certain bill. The amounts total less than R100,000, it is never a

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Are Share Options taxed on date of them vesting (eligible but not exercised) or only when exercised?

I have the option to participate in an employee share option scheme, but I'm a little unclear on the tax implications. I high-level view is as follows:Options

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Changing banking details

I would like to find out the following information regarding my banking details. I have recently changed my banking details from Capitec bank to Nedbank. My s

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Takehome salary?

If my take home is R34000 What will my salary be before? Do you receive any allowances such as a travel allowance, housing allowance or medical or pension fu

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What does 'Due to you' mean on my SARS assessment?

I just don't understand this "due to you" thing it is been 3 working days since I have been to SARS and I have not received anything. I don't know if I owe them

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Married in Community of Property

My wife and I got married last year on the 26th of March 2018. We got married in community of property, so when it comes to tax what I would like to understan

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Code 3713 Implications?

I have been paying PAYE on a site/home allowance which I get because I work on a site away from home. Can I get a tax deduction on this. My employer put it as a

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Calculate salary pro-rata based on a basic salary of R18000 per month - days worked 14

Calculate the pro-rata salary based on the basic of R18000 - 14 days worked on VIP payroll. Calculate the PAYE on the pro-rata salary as well. How does VIP calc

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What is an ITA34 form and where do I get it for credit card applications at a bank?

Hi Tim I applied for a credit card at a certain bank and they want me to submit an ITA34 form because I do not have a payslip as I am self-employed. Please exp

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Severance pay and tax exemption

My severance pay was taxed normal tax after I got retrenched even though my employer informed me that they applied for a tax exemption. Is this correct because

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Deceased Relative and Savings

I have a relative that has unfortunately passed on and I am the dependent that will receive all the savings from this relative- these savings are coming from

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CIT Documents

Q: What are CIT documents I already uploaded my company's financial statements. What other CIT documents are they talking about please? A: Corporate Inc

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How do I change my physical residential and postal address on eFiling.

Q: How do I change my address on eFiling How do I change my physical residential and postal address on eFiling? You can change and update your physical resid

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What are CIT documents that SARS requires?

Q: What are CIT documents SARS is requesting CIT documents, what is this? As the financial statements have already been uploaded. A: Corporate Income Tax

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Divorce payout of approximately R850,000.00. How much would SARS tax?

My husband needs to pay me R850 000 maintenance as part of our divorce settlement, seeing as he does not have the funds all at once so he will be paying it to

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I don't know what is s12e, can you help please?

I don't know what is s12eThis query relates to question 4862 "Please enter the S12E accelerated depreciation allowance which the company can claim. Use our han

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What is the difference between Pensionable and non-pensionable salary?

Q: Please explain the tax calculation between pensionable and non-pensionable salary A: Pensionable earnings would be the income/remuneration used by your

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Do I have to add VAT when selling a company car?

Hi there :)My service-based company is VAT registered. When we bought our first car I was very disappointed to find out I may not claim back the VAT we paid on

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Obtaining an IRP5 form from an old employer

I am having a problem with obtaining my IRP5 form from 2010 from one of my employers. I was still in school this time and I worked as a waiter back then, so I wa

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Medical Aid and Pension contributions on IRP5

I struggle to understand how the (The total deduction - code 4497 on IRP5) is calculated. I have a medical aid fund, pension fund and retirement annuity. My em

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VAT103 Certificate

Q: VAT103 certificate Does the VAT 103 certificate still exist? I registered for VAT on 01/12/2015 but I did not get an actual certificate I just got a letter?

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Self employed, how do I pay my tax to SARS?

Q: Self-employed and tax payable to SARS I am self-employed and I would like to know what the tax will be on a R30 000 salary and how do I pay it over to SARS?

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Tax calculation on Bonus

How is one taxed on your bonus? If my bonus is R133 000, what amount should I expect to get out after Tax? Your bonus amount simply becomes part of your total

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SARS asked for calculation for depreciation on laptop

I completed my tax return through TaxTim. SARS asked me now to show them how we calculated depreciation on the laptop I use for work. Can you help me with this

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