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
Read moreIf 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
Read moreThere is an IRP5 from a company I don't recognise, with a value I didn't enter. I have two IRP5's and entered that data but on my final submission I can see t
Read moreSaving for retirement is one of the best financial decisions you can make, but sometimes, you may contribute more than the tax-deductible limit in a tax year. I
Read moreIf 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
Read moreI work as a bricklayer on a building site. Do I need to submit a tax return and are construction employees allowed to claim a tax refund? Anyone who earns an
Read moreI have been working overseas and will be doing so for the whole of 2022 tax year making me provisional:a. What average exchange rate will I use?b. When is the
Read moreMy auto-assessment shows that I am due a tax refund. Can this be correct? Do you think I will receive the refund if I accept it, or should I rather reject it a
Read moreI received an auto-assessment from SARS but I am confused what this means. Why have I been selected by SARS and how did SARS get my data? Can I still submit a
Read moreI have been retrenched because of the company cutting back on staff. My severance package is R107000 including R14000 leave pay. I am 57 years old female. I ha
Read moreMy 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
Read moreMy 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
Read moreQ: Please explain the tax calculation between pensionable and non-pensionable salary A: Pensionable earnings would be the income/remuneration used by your
Read moreI 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
Read moreOne of the questions most asked when it comes to tax season, is “what happens now that I’ve submitted my income tax return, when do I get my refund?
Read moreThe TaxTim lump sum tax calculator provides for BEFORE and AFTER retirement, retrenchment or death - with a marked difference between the BEFORE and AFTER opti
Read morePlease can you show an example of how the employer and employee's provident fund will affect the monthly tax 2021/2022. I still do salaries manually. For exam
Read moreI am currently completing my 2 daughters, my son in law, my husband and my tax returns for the 2015 tax year and I am unsure of code 3801 and 3810 on my daught
Read moreI will be taking a new job that requires me to be a contractor. There are mixed opinions on how contractors get taxed. The consulting company assures me this is
Read moreI need documented proof of income tax reference number - not IRP 5 or salary slip. Where do I get this? I need this for retirement papers. You will be able to
Read moreQ: How do I go about paying tax on forex income? I will soon be receiving additional income of about R30000.00pm from a forex investor who is trading on my be
Read moreHi,A friend received a lump sum payment from her provident fund to pay for a family members medical bills. Is she able to claim back some of the tax paid over
Read moreDoes source code 3699 include all employment income, so it should it reflect your cost to company? Source code 3699 reflects income that's taxable only (for e
Read moreHi TaxTim, please can I ask about emigration and Retirement Annuities (RA)?The new South African tax regulation, effective March 1, regarding emigrants' RAs b
Read moreI saw something in a news article about SARS issuing auto-assessments this year from 1 August. I tried to research but couldn't find much and this is all very
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