Tax Q&A

answers

How to declare foreign income?

Hi, I have a small website that generates some commission from clicks on advertisements. I get paid in USD and GBP. The money is wired from Germany directly t

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Are vehicle repayments tax deductable for a sole-proprietor?

I am a sole proprietor in a health profession. I have an office, but I see a lot of clients at their homes or primary residence. I need a car to conduct my bu

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Fringe benefit calc on use of company vehicle for period less than a month?

How do I calculate fringe benefits tax on the use of a company vehicle. The vehicle was received on the 14 Aug 2015. If there is a maintenance plan includ

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University fees deductible?

Good Morning,My son is 22 years old, dependent on me and is currently studying a BCom. Can I claim his living and un iversity costs as deductible? Unfortun

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Need help with filing for CGT

I need help with filing for capital gains tax. I sold my property in August 2014. Please make use of our CGT Calculator to work out the Capital Gains Tax

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Tax Clearance Certificate?

How long does it take to get a TCC renewal, over the counter at SARS? Can I send a representative? if so, what are the requirements/ You can do it on SARS

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What is my personal tax number?

How do I get my tax number if I was never employed? Please find details at the link below on how to get a Tax Reference number. How to get a SARS tax numbe

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My 2013 refund did not get it

Last year I was supposed to get my refund and I did not get it. What happened? You will need to call SARS on 0800 007 277 to find out why it was not paid o

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Tax bracket if work half year only

If I only worked 6 months of a 12 year tax period, should my final tax bracket be based on actual taxable income for the year (e. G. R200k taxable income for

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Home expenses when working from home and commission is less than 50 % of income

If you earn a fixed salary and commission from the same employer and the commission is less than 50 % of the salary, can a deduction for home office space be

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How much do I claim back from r80 000 that was taxed from my provident fund paid out by employer

I have resigned at work an received my pension whereas I was taxed nearly R80 000 how much am I suppose to claim back You cannot claim tax back on pension

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What must the refund amount be before SARS will pay?

How much must my refund be before SARS will pay? They will refund any amount over R100. Any amount less than R100, will remain on your account and be set o

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How do commission earners get taxed?

I earn a basic salary and earn commission every month. How do I know what percentage of my commission earnings will have to go to tax? I find it difficult to

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Can I claim the contributions made to my GAP Cover scheme?

Can I claim the contributions made to my GAP Cover scheme under the "not paid by medical aid"? Unfortunately not, these are not recognized as medic

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I want to know how much tax I should pay?

What is the amount tax to be deducted from a R11000 basic salary(nett income)the only deduction I have is my pension fund of 660 / UIF of 120 and my rent of t

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Equipment depreciation

I am a self employed design consultant. I purchased a laptop I use for work late 2012, and have been depreciating it for the last 2 tax years (2013, 2014). My

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Pay out waiting period from SARS?

I've submitted my tax return 2 weeks ago and saw that I've received some refund. I would just like to know how long I will be waiting as most people say that

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"statement of assets and liabilities"

Hi Tim,"statement of assets and liabilities"I dont remember seeing the field for motor vehicles on previous tax returns. Is it necessary to declare mo

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Travel/vehicle allowance not stated on my IRP5 by employer

My previous employer never put a travel/car allowance on my IRP5 thought I travelled more than 40000km for them in 11 months. Can this be corrected? Unfortuna

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Tax on receiving death benefit from retirement annuity?

I have a question about receiving the death benefit from a parent's retirement annuity payout. How will this affect my tax once I've received the payout? I

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2014 tax year return?

How do I go back to 2014 tax year tax return Please click on the RETURNS at the top of the page and it will take you back to your other tax returns.

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No respond for pending audit payment

I submitted my tax return on date 11 august and I received an sms payment due to you is pending audit does that mean I have to submit supporting document caus

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When do I start paying tax when I'm only registered for tax on the 1st of June 2015.

I have been employed and registered for tax the 1 st of June 2015, this being my first job. Do I still need to pay tax this year? When do I start? No you w

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Where does REIT (code 4238) get recorded on the IT12?

Where does REIT (code 4238) get recorded on the IT12? You would record this under Other Receipts and Accruals.

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If one changes employment do they have to do 2 sets of submissions?

I have changed Employment in November 2014. I left my previous employer end of Oct 2015 amd joined the current one in Nov 2015. I was on Travel allowance on

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