Tax Q&A — tax-threshold

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tax-threshold

Can construction workers claim a tax refund?

I 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

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Confused between the ITA34 and ITSA

Q: What is the difference between an ITA34 and an ITSA This year is the first time I had filled a return. In the previous years, my ex-employers did not add an

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Is VAT on commission subjected to income tax?

If an individual who is a registered as VAT vendor acts as an Agent and earns commission ad obviously charges output tax and declares it to SARS. I.e. Someone

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What is the definition of tax threshold?

I need to explain it to grade 12s The tax threshold is the amount of income below which you do not pay any income tax. These thresholds are also determi

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Difference between Vat and Tax numbers

Q: What is the difference between a VAT registration number and a tax reference number. When do I use which one? Are they not the same thing? A: No, an

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Tax on money held in offshore account?

I have an offshore transactional bank account into which I transferred cash into. To clarify, the currency is in Australian Dollars. Also, I do not earn any i

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Old 2009/2010 efiling returns

SARS say they upgraded their system and have now seen i did not file a tax return in 2009,2010 and have fined me for each year. Both years i was under the thr

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Unit trust and tax

Do I need to declare interest from unit trusts that is under the threshold of R33000 (e. g. Local interest earned was R15000). Yes, you need to declare th

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How will I be taxed?

How much will I get if I'm earning R1000.00 and I'm being taxed 10%? You shouldn't be taxed if this is your total monthly income as the tax threshold is R

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Why Register for an Income Tax Number

I earn R6000.00 a month. My employer told me that everybody has to register and have a tax number, regardless if you earn under the threshold and don't pay ta

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Tax on income from internship

Do I have to pay tax earning R3200 a month? No, you are below the threshold and therefore no tax is payable. See our SARS income tax calculator

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Do I need to file a tax return with R260 000

I am unemployed but earn interest income ( approximately R260 000 annually)from fixed term deposits I am under 65 and contribute to medical aid and retirement

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Should he pay tax?

My husband is a South African citizen and he is only earning R5500 a month does he have to pay tax? Is the R5500 after deductions or before deductions

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Are foreign students required to pay tax on their earnings for part-time work?

My son is a foreign student studying for his degree at a South African University. He has a valid Study visa and is permitted under this visa to work 20 hours

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Do I need to file old returns to obtain refund, even if I fell below the tax filing threshold?

SARS want to me file all my previous tax returns in order to receive my refund for this year. In 2011 I tutored at a university and earned below the tax filin

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If my turnover drops below the 28% threshold, do I still have to pay tax at 28%?

As a small business, if my turnover is R14 million in year one and then drops to R12 million in year two, do I still have to pay tax at 28% per annum,even thr

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Transfer a tuck shop in my name

I am buying a tuck shop but need to know how I can register it in my name, its a sole proprietor. You don't need to register it in your own name. You would

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Donation to family members

I gave my mother and sister R25000 each, can I deduct it as an expense against my income and how much donations tax should I pay on it? You cannot deduct t

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Why am I registered for income tax

Hi I was working last year earning R3000 a month. I got an sms this year stating that I have been registered for tax accompanied by a tax number. I want to kn

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Tax on interest

Hi. I am unemployed but my income from investments and interest exceeds R30000 but below R75000. Do I pay tax? Does interest form part of the R75000 threshold

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Can I claim my monthly expenses, can I get a refund on monthly regular day-to-day expenses?

I have properties jointly with my wife (Community of Property) and getting rents which covers all my payments towards my bonds, Rates & Taxes, Levies and Refu

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Do construction workers pay tax?

if working in the construction company,do they have to deduct my monthly tax returns from my salary? Yes, they should deduct tax from your salary if you ar

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How do I calculate provisional tax and when/where do I pay it?

I am a freelance writer and my income depends solely upon jobs that I get from international clients. I get paid weekly in dollar and my income fluctuates. Re

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Is it necessary to inform SARS of additional income received?

Hi TaxTimI am a full time salaried employee but I also sometimes get tutoring jobs and I run a lift club. Will I need to declare what I earn for the latter 2

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Am I able get a tax refund?

How do I know if I qualify for my tax return If you earn above the tax threshold and therefore pay tax to SARS, you need to file a tax return to see if you