Tax Q&A

answers

SA pension taxed in Mauritius

According to the SARS website if you are a resident of Mauritius you can apply for a directive to have your income from a South African pension to be taxed in

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Earning R1339.56 and pay tax of R685 every week

I'm earning R1339. 56 per week so that they deduct 685 every week - is that normal? Please make use of our SARS income tax calculator to work out how much

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tax liability on a small business income

My turnover for my small business was R2 610 525my loss after expenses was -R793 994how much tax must I pay? If you have a loss, then there will be no tax

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tax liability

Is it possible to pay 25% TAX on a R8 500 salary when you are not employed on a permanent basis as yet? Yes, if you are a casual / temporary worker then SA

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I haven't received my refund for 2014

My original 2014 assessment showed a refund due but it was never made. How do I go about requesting SARS for the refund? Have you submitted all your tax re

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What documents to submit when I use TaxTim to submit my tax return?

I am a Sole Proprietor and have signed up for individual tax and provisional tax with you. With regards to my Tax documents, can I send you my bank statements

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Medical deductions

I am not the policy holder or on the policy as the dependent, however I pay for the contributions in full from my bank account. It is my parents medical aid p

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Forex trader tax allowable deductions

I want to become a Forex Trader and would like you to advise me on how do I go about? (do I need to form some sort of form from SARS for tax or the money/prof

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Tax on foreign earned income

I've been working overseas temporarily and have save up 2600euros, when I come home will this be taxed when I exchange it to rands. How long have you

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VDP in respect of Interest on foreign funds

Hi. I worked in the UK for the period from about 1982 until about 1986. During that time I purchased a house there in 1982. After coming back to SA in 1986, I

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When do I start to pay tax?

My question is from what salary range do you start paying tax? If you earn more than R75,000 from 1 March 2016 onwards then you start paying tax.

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Can I withdraw and reinvest money in the same year in a tax free investment account?

If I invest R30 000 into a tax free investment account in one year, and withdraw R10 000 from that account in the same year, then my total contribution for th

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tax refund and deductions

Hi I have never submitted anything for tax so need to find out if there is something to claim I've been full time employed from 2007 and never submitted anyth

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Tax on provident retirement fund

I am emigrating to Australia in August 2016,my provident pay out would be R180000.00 what would the tax payable be and is there any part of this amount which

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Registering a minor for tax

Can you assist me in registering my two minor children for tax - they get money from our trust Please read our blog on How to get a SARS tax numberPlease R

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Source Code Travel Allowance

Can a company included both tax codes 3701 and 3702 on the IRP5? How will this affect the tax payable on the income? Does the company reimburse you for tra

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Foreign employment income

Please advise the tax application on the following1. SA residents living and working in South Africa for a overseas company. 2. Receiving a salary from the ov

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Changing of banking details-SARS Tax practitioners unit

I want to change a clients banking details at a SARS tax practitioners unit. I understand that only the tax practitioner himself can change the banking detail

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Tax due on ccma award

Hi there I am due to receive R97000 from my ex employer for unfair dismissal was awarded from the CCMA how much tax would one pay on this amount thank you in

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Taxation Rate of Retirement Benefit Lump Sum

At the age of 58 - if I retire from a provident preservation fund and receive the benefit as a lump sum - at what rate will I be taxed? Please make use of

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Over-taxed on pre-retirement preservation fund withdrawal

I started working in Jan 2012 for company. In Dec 2014 I was retrenched and paid a severance package. I preserved my provident fund contributions in a preserv

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Earn a salary in the UK and will be moving to SA permanently

We are a couple who recently moved to Cape Town from the UK. I am a South African and my wife is Swedish. She is here on a temporary residency visa. We both d

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Is SARS open on weekends?

I need to go to SARS and get my Tax number so I was wondering if they open on Saturdays Yes certain branches are open on a Saturday. You can phone 0800 00

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Club membership costs tax deductible?

As a director of a company can I claim golf or boating membership fees as a tax deduction? If these have no real business related connection then no this e

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Are you able to submit my tax returns even if I was using another accountant?

I was using an accountant from my prevous employer. He was fired a few years back and I can't get hold of him so I can't file for my tax returns because he ha

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