Tax Q&A — provisional-tax

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provisional-tax

Provisional tax

Please help file my provisional tax return Please refer to our Provisional Tax Guide . Please log in, click your IRP6 tax return and work through all the

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Is the income declared on my IRP6 supposed to show on my ITR12?

I am filing my ITR12 for the 2024 tax year and my form is only showing income derived from Investments. I am a provisional tax payer and I've submitted my IRP6

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I live abroad and earn rental income in SA. is this submitted normally?

I worked abroad and want to file my tax return? I have worked abroad for the full year and fall under all points that my salary wouldn't be taxed in SA. I sti

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Medical aid premiums deducted for a sole proprietorship through income statement

If I am a sole proprietor can I expense my monthly medical aid premium in full through the income statement? Unfortunately, this is not regarded by SARS as

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Should I be registered for VAT?

Dear TaxTimIt has recently come to my attention that I should maybe have registered for VAT. Can you please advise me. I am a contractor providing a writing a

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Salary and Consulting

I am already paying income tax on my salary, I now want to do consulting work, what is the best way to handle tax in this regard? If you do consulting work

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Provisional taxpayer: what to do if I became one late in the year?

I only became a provisional tax payer in December 2024. Prior to that I was under PAYE with my previous employer. How do I submit my tax return and will I need

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How to claim a home office deduction if I didn't receive an IRP5?

I worked for an international company (UK based) during the 2024 tax year. I was a contracted employee, meaning I had to submit salary invoices. Therefore, I

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Does inheritance have to be completed in IRP6?

SARS told me to register as a provisional tax payer and I have completed your form. However I inherited approximately R500, 000 and I don't see where to fill t

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Vacation Home - What do I submit/declare in my Personal Tax Return?

I bought a house December 2023, which are rented out as a vacation home. This is my first house that I bought and do not know what I need to submit/declare in

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Is rental expense a tax deductible expense for Airbnb subletting?

I know that the interest on a bond is tax deductible in the case of an Airbnb. I was wondering if the rental of a property is also tax deductible if you use the

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How would SARS tax you if you win the Powerball?

If I win the Powerball and decide to put all my winnings into a savings account and live off the interest, will I have to pay tax on my interest earned only, o

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How do I do my taxes as a freelancer?

I'm a freelancer - how do I do my taxes? Do I register as provisional taxpayer or can I still pay PAYE monthly? Yes, you are classified as a provisional

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Should I trade as a SBC or Sole Proprietor?

I've secured a contract of R3. 1m for two years which is going to be invoiced at R130k per month. Whats the best way to go about this? Should I set-up my busin

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I'm a remote worker who needs help with their tax

I'm an independent contractor working remotely for an international company. The company is not obligated to pay my tax, therefore I need to do it myself.

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Claiming 12B tax deduction on IRP6?

I made a contribution towards a solar investment fund. My question does not relate to a rebate for my home installation. I have contributed to a large fund tha

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Why are my SARS attachments blank when I open them?

I just filed my provisional tax return (IRP6) using your platform. I received an email from TaxTim with the following instructions: "To view the contents of y

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Do I file a provisional return for a sole proprietor that I started in January?

I started as sole proprietor in January this year. Do I still need to file a Period 2 provisional tax return (IRP6) this February? The questions on Tax Tim are

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Trading Loss on IRP6

I registered a company in May 2023 and did not make a profit during the tax year up to 29 February 2024. I understand that I still need to file a provisional t

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Is my Company a SBC or does it qualify for turnover tax?

Hi there, I would like to find out if I should be applying for turnover tax or small business tax, and if I would be considered a micro business. I have just c

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What percentage tax does a person as a consultant pay?

I have been offered a job as a part time consultant. The company says that I must pay tax directly to SARS. How much tax will I have to pay directly to SARS?

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I work two jobs - can I claim internet for both?

I work two jobs as an independent contractor in addition to my full-time salary. I use the same fibre internet connection for both these jobs which is debited

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My seafarer exemption was rejected. What do I do now?

I received a SARS assessment after submitting my tax return via TaxTim. During the submission, there was no payment to SARS expected. However I then received a

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When can I submit my tax return?

When can I submit my tax return for the 2022 tax season? Are the filing dates still the same as those of the previous year? At the moment the new filing dates

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Register as a Sole Proprietor

Can TaxTim help me register as a Sole Proprietor and assist me with my accounting? A sole proprietor income will need to be declared on your personal income t