Tax Q&A

How do I calculate pension tax deduction

How do I calculate the amount of pension that can be deducted when calculating taxable income? You can deduct up to 27,5% of your taxable income (i.e inco

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Do you get an ITA34 when you submit provisional tax returns

Do you get an ITA34 when you submit provisional tax returns manually. All I have is my provisionalReturn I completed at SARS office stamped by them. No, y

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Is an IRP5 form still valid after 6 years?

Is an IRP5 form still valid after 6 years? I was suppose to claim in 2010 but I was still naive. Yes, you can still submit a tax return for 2010. Please Re

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Medical practice tax return and deductions

If you have a sole proprietorship, a medical practice that provides wound care for patients at home. There is only two employees. The owner (the nurse that do

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Refund audit

I would just like to know is a refund audit quicker than the 60 days SARS gives themselves? I was audited and requested to send supporting documents the audit

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Amounts included in calculation annuity fund deduction

I am retired and receive a monthly pension which is subject to tax. I make no contributions to a pension fund since I retired. I still contribute to a retirem

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Travel allowance exceeding 8000km

How is the travel allowance taxed if you do not receive a car allowance, use personal vehicle and exceed 8000km for business travel? Company pays the standard

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Pension pay out after retrenchment

If my pension fund is at R1 500 000, and I am being retrenched, how much of my pension fund will I take home if I elect to have it paid out? Please make u

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How to claim tax back on a provident fund?

How to claim provident fund tax back Unfortunately tax paid on a Provident Fund is not refundable and is a full and final payment.

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What should be the deduction on R25,000 pm?

Is it correct to deduct 25% tax on an employee pay say if he earns R25000-00 per month? Please make use of our SARS income tax calculator to work out how

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Which year do I declare CGT on property sale?

If the date of sale and the registration of that same property fall under two different tax years, which is the year applicable for submission of the tax retu

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New tax law on pension funds

How will I be taxed according to the new pension fund law? Salary R27,000 House subsidy R700 travel allowance R10,735 Alexander Forbes Provident Fund R2,07

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Tax clearance certificates

Do I need a tax clearance certificate if I go sailing out of South Africa for a few years? I do have a property in South Africa No you will not need a tax

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Tax number for late father

I'm asking for my late father's tax number? Please call 0800 00 7277 to ask SARS for the tax number.

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Turn 65 during tax year

I have a morning position at a retirement village. I turn 65 during during this tax year, in November 2016. When do I stop paying tax? Kind regardsMrs H. Van

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What other documents are required besides submitting an affidavit?

I worked for a company for one day and I haven't tax returned due to personal circumstances in 2014. I have been unemployed ever since. SARS is requesting I

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Should I register as a provisional taxpayer for freelance work even if I have a contract position?

I have a contract with an employer for a minimum of 40 hours per month from April 2016-September 2016. They should be paying tax for me on this. I will likely

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How much tax to pay from R120 000 investment?

How much am I supposed to pay to tax man when I withdraw from an investment my mother left me What sort of investment is it? Its a living annuity. My mo

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What amount will be tax free if I withdraw out of this fund now?

My wife passed away 27/12/2015. She did receive on retirement 25/02/2010 lump sum of R 378 634. Tax free portion R300 000 and balance was taxed. 2/3 invested

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What is the Income Tax Payable on a Rental Income of R8,000.00 a month from Feb 2016?

I am a 59 yr old Male earning an annuity of R19,000. 00 per month and and an Income of R8,000. 00 a month form the property rental. Make use of our SARS i

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After verifying bank details how long does our refund take to be paid to us?

We were audited this last financial year. Everything was fine and we are due a refund but now they needed to FICA us again. We have done this but now they say

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Tax on bonus from my employer

Hi, can you please clarify if there is a specific tax rate percentage charged on BONUS PAYMENTS by employers? Last year it seemed to be exactly 36% that was d

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SARS and Sequestration

If a person is sequestrated, then the person gets a new tax number. How come E-Filing still has the old details of which I had to change it myself to the new

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What does "outstanding tax directive" message mean?

"Please note that your tax return cannot be processed immediately due to an outstanding Tax Directive. Therefore, manual intervention is required. SARS will a

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How do I clear an outstanding old tax return?

During 2012 I did not submit a tax return on SARS eFiling as I earned less than the threshold. Now 4 years later the tax return is still showing as outstandin

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