Tax Q&A

answers

Notice of Objection supporting documents

Hi Tim. LOVE your site. So helpful! Just a question. We submitted a Notice of Objection on 3 August. They came back (finally) 29 September... Requesting suppo

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DSTV Subs- can one deduct for tax?

Can one deduct your DSTV Subscriptions and to what extent if one if an Investment Adviser?- Channels that I must have is Bloomberg, Business Day TV, CNBC Afri

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How much tax is required if you earn R17500 per month

What is tax figure if you earn R17500 monthly and you contributing R810 provident fund Please make use of our SARS income tax calculator to work out the t

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Subsistence Allowance

We give our employees a subsistence allowance of R 120 per night spent away (Meals and incidental) from home. From my knowledge, I know that this this allowan

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Mistakenly requested a correction

I filed my tax return but then by accident requested a correction. Do I need to file again or will SARS work on the first submission? Yes, unfortunately it

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Micro Business

The First R200 000 dividends paid during the year of assessment by the micro business is exempt from dividends tax. The Micro Business cannot deduct any busin

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Tax clearance question

I've fallen behind with my business' PAYE retuns. Does this mean after submitting and paying them in full I will need to re-apply for a new tax clearance cert

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Can I go any SARS to submit IRP5 in south Africa no matter Province I live in?

I'm workin at gauteng provence and now I'm here at limpopo provence and want to submit IRP5 SARS it is not problem if I can go at SARS in limpopo No this w

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Tax on Casual Labour.

I have a Micro Business registered for turnover tax. Must I deduct tax or pay tax if I hire persons from the street to help me load and setup equipment? I norm

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No IRP515 = no tax refund

I was overseas studying for tax years 2010 and 2011 and therefore didn't have IRP5s for those tax years. However, I did have income in the form of rental inco

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Retirement Benefit of R500,000 Tax free

How do I take advantage of the R500,000 tax free portion AT RETIREMENT? I was retrenched at age 54 and paid full tax on my retrenchment lump sum. Now that I a

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SARS issuing re assessment notice more than 5 years after the actual year of submission

Received notification from SARS to supply proof of expenses claimed on personal tax return for the 2009 years, which was already assessed, re assessed by SARS

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Pension fund reflects payout but it was moved to a preservation fund.

When I left my previous job I moved my pension fund to a preservation fund. I did not do my 2014 taxes and now when I go on SARS eFiling my IRP5 seems to refl

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Deduct home office expenses with split income streams and no IRP5

I work from home - part time as a contractor for a US-based company, and part time for a South African private company of which I'm one of the shareholders /

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Should my IT77 Income Details section exclude business expenses as a I'm self employed?

I am only just registering for a tax number and completing the IT77, but under the section Income Details, it states to declare taxable income. I'm self emplo

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What is a tax ref number

I need to send my tax return, what is a tax ref number as it says invalid number A tax number is a 10 digit number given to you by SARS beginning with a 0,

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Awaiting returns

I submitted 3 weeks ago and still got no returns any idea why this is Please call 0800 00 7277 to find out what the issue may be.

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Its been more than 21 days since I've been on audit, how long does it take?

I submitted my 2013 IRP5 this year. It was sent for audit and I was told it will take 21 days. I haven't heard from SARS again. No updates none whatsoever. Ho

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E-filing

How can I download E. Filing eFiling is not a downloadable program, you just visit www.sarsefiling.co.za

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Tax on Scholarships

I'm a writer in receipt of a scholarship from an overseas foundation. Will I have to pay tax on it, come year end? What documentation would I have to provide

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Difference between an exempt supply and an exempt non supply?

What is the difference between an exempt supply and an exempt non supply? Exempt supply is when the a normal supply of goods would be attract VAT however d

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Non-resident tax implication on rental income?

Myself and the wife ( non-residents / Irish citizens and tax payers) bought a property in South Africa in both our names. Does the R 65 000 tax exemption app

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Income Tax

Hi - I have a question regarding my personal income tax. My gross monthly is R25531 - tax on that is normally R4096. 85. I received a bonus of R26000 this mon

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Concerned about source codes that appear on IRP5 but not prompted by TaxTim

Hi thereI had 3 IRP5s for the 2009 tax year. I have just completed your questionnaire but am concerned as I was not prompted to punch in some source codes tha

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My late husband worked for SAPS. do I qualify for the UIF death benefit?

My late husband worked for SAPS. Do I qualify for the UIF death benefit? You need to call the Department of Labour to find out.

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