TaxTim's Blog

Foreign Employment Exemption Letter

COMPANY LETTERHEAD DateEmployee's Full NameAddress To Whom It May Concern,Subject: Confirmation of foreign employmentThis letter serves to confirm that__

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FAQ: Provisional Tax

1. How many returns should I file each year if I am a provisional taxpayer? You are required to file 3 returns i.e. 2 provisional tax returns (IRP6s) and

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I missed filing the first provisional return - what should I do?

Provisional tax can be confusing, especially when it comes to the timing of payments. If you miss the first payment, do you need to catch it up, or can you just

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Why your estimated provisional tax may differ from your SARS Statement of Account

TaxTim uses the financial information which you entered to work out the payment due on your provisional tax return (also called an IRP6). However, there m

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Where can I find my provisional tax payment details?

During the final days of the provisional tax season, high traffic volumes may cause delays in submitting provisional tax returns to SARS—even after you've

How to cruise through a travel audit efficiently

Surely most of us love to travel, but traveling for business purposes is no fun when it comes to completing your tax return. SARS has some rather onerous requi

FAQs: Travel expenses and Tax

Travel expenses and their tax impact are a complex issue for many. It’s no surprise that it’s a common theme on our Helpdesk.(endpreview) We&rs

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Finding your way around a SARS IRP5

Consult the image below to find all the tax-related information on your IRP5 that you will need when completing your annual tax return. PAYE number Income s

What Medical Expenses Can You Claim Back from Tax

Medical expenses are nothing to sneeze at. Private medical treatment is increasingly pushing the limits of medical aid scheme(endpreview) benefits and our walle

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What to do if your SARS document is blank

Unfortunately, some of the SARS documents cannot be viewed online (i.e. from within your internet browser). You can work around this issue by downloading the SA

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Tax on Pension Annuites

When you retire, you’ll have a few options for how to access your retirement savings. You can take up to one-third of the total amount as a cash lump sum

Cryptocurrency Income: Yes, you should be declaring it on your tax return!

As most of us know by now, cryptocurrency is not real but virtual money.(endpreview) Any income received or accrued from cryptocurrencies are taxable because S

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How to request a Provisional Tax Statement of Account on eFiling

If you're a provisional taxpayer, you can request a statement of your provisional account on eFiling. However, instead of finding it on your Income Tax workpage

Section 12H Learnership Allowance

Training and development for employees plays a vital role in the growth and success of your business. But, finding affordable and correct tools might be where t

FAQs: Donations and Tax

Have you recently received a present or a donation from a wealthy family member or a friend? Or, maybe you've just donated money to support a child in need? (en

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The Ins and Outs of Donations Tax

Have you been the lucky recipient of a gift or donation from a generous family member or friend? Perhaps they struck it lucky on the Lotto and decided to share

WIN up to R10,000 with TaxTim in 2026

TaxTim has TWO exciting competitions in 2026 ! COMPETITION 1: Win R10,000 in cash by filing your tax return with TaxTim How to enter: (endpreview) Regist

Provisional Tax Penalties

Seasoned provisional taxpayers – those people who earn income from sources other than, or in addition to a regular ol' salary or traditiona

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FAQ: Requesting Corrections

Many taxpayers find the process of filing a correction confusing. This often happens when they submit their tax return after the auto-assessment deadline or att

Retirement Funds

This week we received some questions from our users on retirement fund contributions and the laws that govern it. We hope that this helps you as you start gathe

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Sequestration and Tax

What is Insolvency? Insolvency is a state of financial distress when a person or business is unable to pay their debts. What is Sequestration? Sequestr

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Sole Proprietor or Company: What's Best for Tax?

Getting a new business venture off the ground is an equally exciting and stressful time. You’re enthusiastic about getting your new product or service o

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Tax residency

South African expatriates who ignore their tax obligations will soon find themselves facing the wrath of the taxman in the upcoming tax season. SARS has urged

Tax effects of your salary structure

We often receive questions from taxpayers as to how to structure their salary most efficiently for tax purposes. Unfortunately, the reality is that the da

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Two-Pot Retirement System and its Tax Effects

South Africa rolled out the Two-Pot Retirement System on 1 September, 2024. It applies to any South African who has a pension fund, provident fund or retirement

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