Tax Q&A

Earn commission apart from full time job, what are the tax implications?

I am earning commission on sales from selling an appliance. This income I earn on a part time basis apart from my full time job. What will the tax implication

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RAF conversion - might flag risk and SARS might want tax on it as they might think it is paid out

I claimed RAF deductions of about R9000 last year but this year it is only R850 because I took an authorised premium payment holiday allowed by Sanlam. I also

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What will I be paid or have to pay pleas

Are you able to retrieve my tax certificate if I give you my Id number If you go through our process we can import your IRP5 into TaxTim.

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Delay in SARS response

I have used my accountant to claim my SARS tax return two weeks ago. But there's no response, what is the delay? You need to ask this of your accountant.

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Maximum salary amount in order to legally not have to submit tax return.

How much money must I earn (ie. Gross monthly salary) before I need to fill in/submit a tax return with SARS (irt12?) Also, can my employer force me to submit

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Does disability influence the tax calculation on lumpsum pension fund payout?

If I have been really receiving a disability income from my place of work, how does this affect my pension fund lump sum payout? Is disability taken into acco

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Can I claim for old returns?

If I never claimed tax from 1994 to 2013 in my working period can I still claim if im not working at this moment. Yes you can go back and submit those out

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Should I pay tax if earning that amount

Im earning 1. 559. 20 per week do I need to pay tax Please make use of our SARS income tax calculator to see what tax you need to pay.

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Savings

I have a savings account with R40,000 with interest of 1,991. 28 this financial year. Does this need to be declared and if so where does it go on the tax form

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Tax refund waiting for me?

Hi I'm currently unemployed since 2010 & dont have any banking details or cash. If possible? TaxTim can u please check if there is a refund dew to me & than d

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Do I declare money sent from Abroad?

I have been Living and earning outside of SA for 2 years now, most of the money that I have earned is invested outside of SA. I have however set money back to

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MEDICAL TAX CREDIT REFLECTED ON IRP5/IT3(a)

1. I am retired and a deduction for my Medical Aid Contribution is made from my monthly pension. My Tax Certificate displays a basic Tax Credit (R257 x 2 x 12

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Car Allowance Capped / eFiling adjustment considered.

Dear TaxTim. I only recently realised that SARS have been capping my yearly travel allowance (code 3701) at R66,000 which is my monthly car allowance x 12. Th

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My tax number please for work?

I'v got a new job,now they want me a tax number,I don't remember it. Please call 0800 00 7277 to find out your tax number.

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Just want my tax no

How do I get my tax no? Please call 0800 00 7277 to find out your tax number.

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UNDER 65 PAYE 2005 R4500 NET SALARY

What was the paye amount for an individual under 65 years of age earning 4500 NET IN 2005?? The individual would be in the 18% tax bracket and would have b

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Unemployed

I was retrenched and I'm presently unemployed. I'm living on the interest from a lump sum investment which amounts to about R8000 per month. Do I need to pay

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SUBMITING A REVISED ASSESSMENT WHEN THE AUDIT HAS BEEN FINALISED AND THE REFUND PAID ALREADY

i submitted my 2015 tax return, and was selected for audit. the audit has been finalised and the refund was paid. however now i just realised that i for got t

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Meaning for source code 4102 , a PAYE Credit of R13808,30 has been assessed against your.

Meaning for source code 4102, a PAYE Credit of R13808,30 has been assessed against your ITR12 tax return. What is the meaning? Have you been asked to submi

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What are those supporting documents that I need to submit

I have received an email from SARS saying my income tax has been identified for verification and I must submit my supporting documents on my SARS eFiling. Wha

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Audit Review

Hi TimI was retrenched and received my provident payment in March or April 2014 so now for 2015 submission I submitted the provident IRP5 and I also started w

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Gift of GBP

Please would you let me know what the tax implications are for receiving a gift of GBP4000 into my RSA bank account. Thanks very much. Donations tax is pa

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Meaning of tax credit ?

What is a tax credit? A tax credit is a reduction in the tax payable. Please read our blog on Medical Tax Credits if you are referring to a tax credit in t

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Did the employer calculated my PAYE correctly?

Please assist with these calculations:I earn 31650 pm = 379800 pa (no other benefits). On resignation an amount of R14240. 31 was due to me for leave days. A

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Is deducting PAYE and UIF from non S.A Citizens with no work permits permissible ?

Can PAYE and UIF be deducted from non South African citizens who do not have work permits? Well, they although they are earning income they should have PA

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