Tax Q&A
Home Office property business expense calculations?
We run a small hair salon from home for my wife, she does business as a sole-proprietor and the salon is her sole income source. I understand that we can dedu
Read moreShould my employer paye on my behalve?
If I earn a salary of R2112. 17 weekly, should my employer pay tax on my behalf (PAYE) how much would it be? And how much UIF? Yes he should, please make u
Read moreWhy would SARS disallow my Retirement Annuity Code 4006?
I was advised by my HR department to fill in the amount from code 4001 next to code 4006 as well for my retirement annuity. SARS has however disallowed code 4
Read moreRental income into another individual bank account
Do I have to declare rental income if the property is in my name but the rental income goes to another family members bank account? Does this other family
Read moreSubmitting a return for the previous tax period for the current year.
Dear sir/madam. During March-June 2013 I was employed on a fixed term contact while I was studying. I had no other employment for that year. My cost to compan
Read morePercentage of tax on rental profit
What is the percentage of tax on rental profit of R58000 It depends on the other income (if any) that you earn. The rental income will be added to your oth
Read moreDoes my Statement of Account indicate that I am being audited?
I started with a new employer on 1 March 2014 and a full company vehicle is included in my package. Previously I neither had a company car, nor did I receive
Read moreSMS from SARS
Dear sir/madam. SARS comes in at my workplace to help us submit tax returns. After submission, I receive a SMS indicating whether I am owed money or if I owe
Read moreWHEN WILL I RECIVE AMOUNT DUE TO ME
hi tim i did get a sms what say:tax ref no...... date of assessment 2015/09/18 type of assessment:original then a amount due to me and selected for audit(n)no
Read moreCan I claim a lump sum financial lease installment settlement as a deduction for tax purposes.
If I am currently paying a finance lease for a vehicle and then subsequently decide to request a settlement figure from the bank and pay the remainder of the
Read moreCan I used the deemed cost option for vehicle expenses
Does the option Deemed cost for vehicle expenses apply for the 2015 tax year? Yes it will - please have a look at our Travel Allowance calculator to see w
Read moreEfilling status says correction filed during audit
Hi Tim, I have submitted my tax return through SARS eFiling in the first week of July and was asked for supporting documents which I then took to SARS and my
Read moreCalculation of Transfer duty as a deemed VAT input
How am I supposed to calculate the VAT input claim on a fixed property bought for R850 000? The purchaser paid R3000 transfer duty to the seller. According to
Read moreCould you tell me what Withholding Tax Status means and how do I tell if I am exempt or not?
Hi there,I'm planning on investing in exchange traded funds, and on the application form a field requires me to mention my Withholding Tax Status (exempt
Read moreSubmission confirmation enquiry
For the first time ever in my life, I submitted my TAX through TaxTim. However when I access my SARS eFilling site, the submission is not evident. So I would
Read moreTax certificate
How many digits is a tax reference number on a tender tax clearance certificate The tax reference number is 10 digits.
Read moreCan I register for a tax number in Pretoria while I work at Rustenburg?
I have been working in Rustenburg and I haven't registered for a tax number so I want to know if i'ts going to be a problem to register for it in Pretoria bec
Read moreAdditional tax on leave pay
How to calculate additional tax on leave pay on death of an employee You would use the normal PAYE tables and add that amount to their remaining salary.
Read moreWhy is depreciation and goodwill amortization added back to Tax Computation.
Please can you help me understand why is depreciation and goodwill amortization added back to my income tax calculation? These are accounting entries and n
Read moreWhat are the tax implications & obligations to SARS of a doner and donee when a Donation is made?
If I donate R90 000 to my wife and R10 000 to my nephew, I have to submit and IT144 form. Is this in any way tax deductible, and what are the tax implications
Read moreNo IRP5 form
Hi have not been employed for the tax season of 2015 so therefore do not have an IRP5 form. How do I go about submitting my individual tax form without an IRP
Read moreDo donations to a Section 18A PBO count against the R100K pa amount that is exempt from donations Ta
Do donations to a Section 18A PBO count against the R100K pa amount that is exempt from donations Tax?eg: say I donate R50k to a section 18A PBO (assuming my
Read moreDo you deduct the interest exemption plus tax threshold from interest income to get the total income
Only income earned is investment income thus interest on savings in bank account. Do you deduct the interest exemption of R23800 plus R70700 from the total to
Read moreWrite offs for computer equipment?
I would like to clarify wear and tear and write offs for personal items. I am a filmmaker, I was employed for half the tax year but require the equipment in o
Read moreI want to know if im registered
I'm working for Dusi Electrical so I want to know if I'm registered Please call 0800 00 7277 to find out if you are registered for tax.
Read morePage 109 of 317
Showing 2701–2725 of 7902 articles