Tax Q&A

BONUS TAX

What tax will I pay on an annual bonus of R15088. 75 Please make use of our SARS income tax calculator to work out the tax payable. Remember to add this t

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How does tax work for self employed person?

I am self employed and wish to know what tax contributions I need to put aside of my salary every month and also when does a self employed person start paying

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Battling to get 2008 IRP5 certificate from ex-employer.

I am battling to get my IRP5 certificate for 2008 from an ex-employer and SARS is asking for it. At the time I did not submit the tax return because I recall

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How to account for water and electricity received by tenants in NPO return?

I am completing a tax return for a church (NPO). The church rents out a building and receives rent income. When the church gets the water and electricty accou

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What % tax u pay if your provident payout is R750000

I will be retrenched next year my age 52 Please make use of our Lump sum calculator to work out the tax you will pay AFTER retrenchment.

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My income paye is 70753.00 I want knw hw much will I get?

I have worked for 8years... We were told to resign so that dey cud register us again.. My total income paye is 70753. 00, SO I WANTED TO KNOW HOW MUCH WILL I

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What value to use in wear and tear calculation - vehicle

What to include in the price when calculating wear and tear on a company vehicle? Service plan, window break-in protection, VAT, Finance initiation charge, in

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Do I have to pay tax if I earn R6000 basic commission?

Hi, I would like to know how do I get taxed if I get paid a basic salary and commission? My basic is R6000 and get commission of 10% on each services after I

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63 old, interest income R13500/mon and will contribute R2640/m towards medical.Tax payable?

Hi,I'm 63 and retirinmg with an interest based income of R13500. 00 /month. I'm contributing R2640 towards medical aid. How much SARS tax will I be liable for

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Time frame of correction filed status

I submitted my tax return and was asked for supporting docs which were uploaded and submitted the same day. This was on the 14th of Sept and now on the 30th S

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Capital gains

I just switched some of my unit trusts and made a capital gain of R33000. I figured there is tax applicable to this. But how does this affect my portfolio? D

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How do I submit 2007 return without documents?

SARS is requesting that my husband submit a 2007 tax return. However, he was only working certain times during that tax period (as a freelance contractor) and

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Help with IRP5 doc online

My employer does not want to give me my IRP5 form for me to find out how long I worked there in 2012. Is there any way I can see my IRP5 forms online just to

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I would like you to explain what the meaning is

Good morning I got this sms from sars tax period 2014 due to you -2124. 12tax period 2010 due to you -668. 82tax period 2011 due to you -2183. 27tax period 2

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Tax Return for contract work?

I worked for a contract of 3 months was earning R20 000 per month TAX was deducted from my salary, is that possible? I wanna know if I can go to SARS & claim

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Is professional training and development tax deductable?

Can professional training costs be deducted (continued professional development) and under what section? Are you a salaried employee or are you self-employ

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Capital Gains Tax - capital growth before tax was implemented?

I owned a piece of land. Acquired in 1998 for R60 000. The land was sold in 2014 (this tax year) for R300 000. The agent fee for selling was 5%. I know the Ca

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As a sub-consultant should the company I do work for deduct tax?

What is the difference between a sole proprietor and sub-consultant. I am a sub-consultant and work on an hourly rate. My income is not the same every month.

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Need help with my medical aid tax cerificate

I need help with getting my medical aid tax certificate which has not reached me. You need to please contact your medical aid company for this.

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Does 4001 get added to personal contribution to RA to make up 4006?

If I pay my own RA in addition to my employer as reflected on IRP5, as 4001, do I add this to my own contributions under 4006? Yes you will, and include bo

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Can I claim travel expenses without having a travel allowance?

Can I submit a travel log book with my tax return if I do not have a travel allowance and if my commission is less than 50% of my monthly income? Unfortuna

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Client expenses for food as commission earner

As a commission earner, am I allowed to claim back on client expenses specifically food and coffee. I have kept all receipts where I have taken a client for c

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Income tax on foreign income from UK

Hi Tim. I work in South Africa but for a UK company. They don't have a company registered here, just a warehouse that I work from. My salary gets paid in US d

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Is salary and overtime money taxed separately?

Can income tax be charged from an income alone and not from an overtime money? Salary and overtime pay are added together and taxed the same as per your ma

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I got my IT statement and it says electronic refund. Should I expect the refund tomorrow?

Hi TimI got my IT statement and it says electronic refund on 30/09/2015 should I expect the refund tomorrow? Were you asked to submit supporting documents?

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