Tax Q&A
How long does it take to obtain a tax clearance certificate?
I have requested property owned by my husband to be transferred into my name. However, I have capital invested in the property - and can cover the outstanding
Read moreHow much will my PAYE be?
My new annual package is R257600. 00 Please make use of our SARS income tax calculatorto work out the tax you will pay on your salary package.
Read moreHow do you correct an under deduction of PAYE?
If an employer has under deducted PAYE in the 2015 tax year, can they account for the under deduction in the 2016 tax year? No, each year is assessed separ
Read moreIs it safe to register for a tax number after 3/6 months of working?
I have been working for almost two month and my employer has been deducting PAYE Tax, is it safe to register for a tax number after 3/6 months of working, bec
Read moreHow do you know you are paying tax:
How do you know you are paying tax? Especially if you under an agency? You should receive a payslip which shows a breakdown of your earnings. You also could
Read moreAn ITA34 query on Sars.
At first there is an negative amount in RED on my ITA34.... What does that imply? Then I would like to know how long it takes for SARS to ma a deposit/refund.
Read moreWhat is the % of the profit payable by a natural person
I used the tax calculator, and according to the calculations, tax is only payable on 33. 3% of the profit. However, in the SARS guide to capital gains tax, it
Read moreOptions or rules for claim on depreciation and travelling allowance claim.
When I complete my tax return can I complete the Travel claim against allowance and the depreciation (4027) section. The form allows me to complete both secti
Read moreSARS wont refund my medical?
I have taken out medical aid for my wife and kids, wife being the principal member. All premiums were debit from my bank account as my wife is unemployed. SA
Read moreAre assets donated to charities tax deductible and what is the process?
Hi there. I am a photographer and I have been approached by a charity to donate one of my camera bodies to a student that they sponsor. Will I be able to clai
Read moreMedical aid and tax?
Medical aid credits, does it get deducted monthly from your payslip? Is there any tax benefit to the company by offering a medical aid and contributing toward
Read moreCan a Labour Consultant register for turnover tax?
Can a Labour Consultant register for turnover tax? Unfortunately not, this would be a professional service which does not qualify.
Read moreAre accounting fees paid tax deductible?
I am a salaried employee and I run a small business, are the fees I pay my accountant tax deductible? They would be against the small business income you h
Read moreStill awaiting my refund from SARS
I've been on the phone with SARS every week since I have submitted my 2015 tax return via SARS eFiling on the 31st July, that same day I was asked to submit s
Read moreDo I declare a gift of R100,000
The person I was working for in a personal capacity for 10 years as an assistant emigrated to the USA. She wants to give me a thank u parting gift of R100,000
Read moreCan you get a refund on that money that you pay to the dentist?
What if you were at the dentist and you send you're medical the code of the dentist and they say they will pay the cost and after a few weeks you have to pay
Read moreProvisional Tax
I have never done Provisional tax before - do I need to do it when my small business is running at a loss? I am the owner and have no staff working for me. An
Read moreSARS Tax Calculator - Is medical rebate taken into account for PAYE or must it still be deducted?
If I use your (SARS) tax calculator must I still deduct the medical rebate of R257. 00 per month from the PAYE amount or has a medical rebate already been tak
Read moreCan I file previous year returns example 2014?
Can I file previous year tax returns example 2014? Yes you can file previous years Tax Returns at any stage. In fact, you should bring your tax affairs up t
Read moreAlternate refund claim procedure
How to get income tax refund if I don't have bank account? Unfortunately you do need a bank account in order to obtain your tax refund. The best soluti
Read moreHow do you fill in the income part for farming income on the IT12TR?
How do you fill in the income part for farming income on the IT12TR? Unfortunately we do not cater for farming tax returns and therefore you need to seek a
Read moreHelpful info about tax filing.
What does it mean when your tax status says "Return - Assessed" This means that SARS has looked at your tax return and assessed it as to whether you owe th
Read moreBalance on assessed amount from SARS, what does it mean?
What does in mean balance on your assessed amount is R224. 567. 90? The balance on assessment indicates what you owe to SARS or what SARS owes you for the
Read moreDepreciation of a trawling boat
What is the depreciation per year of a trawling boat of R150000 Please make use of our Wear and Tear CalculatorrThe asset will be a "fishing vessel".
Read moreHow do would you interpret paragraph 5, subparagraph 2(b), of the 7th Schedule?
In the 7th Schedule, paragraph 5, subparagraph 2(b), the reduction R5000 reduction in lieu of a long service award; is it interpreted as R5000 per long servi
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