Tax Q&A

answers

Minor's tax obligations on inheritance

If a minor child inherits - how much do they have to earn before they must be registered for paying tax? If they are not liable for tax, does one as the paren

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What are the SARS obligations and benefits for a taxpayer aged 74 years for the 2015/2016 tax year?

With regards to your post of 23 July 2012, about retirees aged 65 years and older: have there been any changes since then in SARS requirements for tax returns

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How to treat RA contributions which are not allowed as a deduction

Can the excess amount of retirement contributions which are carried forward to tax years be offset against tax payable on lump sum pension payments? Yes, y

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Complying with EMP201 and EMP501 submissions without using Easyfile

We are a small start-up company with 2 employees. We have to complete EMP201 and EMP501 tax returns and pay over to SARS and UIF and IRP5. I am not familiar w

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How to check that PAYE is paid?

How can I know my employees pay my tax? You can ask them to show you proof and speak to your payroll person.

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Non resident of RSA, how do I update my personal details on my tax return

Hi TaxTim ok me and my wive are both RSA citizens. My wive however is also Canadian. We went on holiday to Canada and we decided to stay. We applied for my pa

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How do I enter a negative amount on my tax return?

How do I enter a negative amount on my tax return (e-filing)? You would not, you would only put a zero if the amount is negative.

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UAE employment income received 2009 - 2015

I was employed by a UAE company from March 2008 to Sept 2015. I did not emigrate to UAE and always had the intention of tax returning to SA. I was never more

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Consultant says his tax on his salary is too high

We have hired a consultant who is taxed according to the tax tables. He is querying this. How much should his tax be on R84000. Please make use of our SAR

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If I am a provisional tax payer, do I still pay PAYE?

If I am a provisional tax payer, do I still pay PAYE? If you earn a salary from an employer, then you will pay PAYE as well. Please read our blog on What is

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I earn R7500 per month, how much tax will I pay

If I pay 7,500 how much tax do pay per month Please make use of our SARS income tax calculator

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Tax Consultant Required

Hi Tax Tim, can you please do my tax returns for me? Yes sure, please Register for TaxTim and let us assist you to complete and submit your tax returns to

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How much must I pay in tax

I get paid weekly 1200 basic and work overtime weekly which pays me about 600 more, how much tax must I pay Please make use of our SARS income tax calcula

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Medical Aid query

I am the dependent on my boyfriends medical aid. Our medical savings finished early and I paid via eft for all of my xrays, doctors, medicines etc, can I clai

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Tax on donations

My father has sold his house at a discounted price to my eldest sister and some of the proceeds of the sale will be split between the remaining siblings. What

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Turnover tax enquiry

I wanted to enquire on rates for turnover tax for business.i have small service based business. What are the requirements and the dividend rules for if there

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Are bond initiation fees, legal fees and valuation fees deductible for tax?

Hi, I have registered as a provisional tax payer and did my tax return in August. My rental expenses (levies, interest and taxes) are greater than my rental in

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Is my business liable for PAYE as soon as I register?

I registered my SME for PAYE in December 2015. When do I become eligible to start paying PAYE? I'm the only employee and my salary is tax deductible? Y

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Do I have to register for UIF at SARS or the Labour Department?

If I registered my business for PAYE at SARS do I have to register for UIF at the Labour Department or does SARS do it automatically? No, unfortunately SAR

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What is the tax of total earnings R52499.07?

My contract was terminated and I was paid the notice pay, leave pay,leave enhancement,attendance bonus. Total earnings R52499. 07 my tax is R16339. 14. Is my

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Amendments in EMP 201/501

This question is regarding amendments in EMP 201/501. The start date of an employee has changed. For eg, The start date was 24rth December, but the amended st

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Can I have a tax number while I'm unemployed?

I'm currently a student and finishing at the end of this year, is it possible for me to get a tax number now as I will be employed next year? Yes you

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Question on secondary tax rebate

If you turn 65 before end of February 2017 are you considered to be 65 or 64 for the current tax year. You would be considered to be 65 for tax purposes.

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How do I work out tax on overtime?

How do I work out tax on an overtime of R8,006. 00 This would be added to your salary and worked out for the month - make use of our SARS income tax calcul

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Duration for submission of AFS

I have a question, what is the maximum duration which you are given by SARS for submission of annual financial statements after your financial year end? I am

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