Tax Q&A
Medical scheme fee tax credit is greyed out and no credit amount reflex on IRP6.
On the provisional tax for individuals 2nd period 2015 the the medical scheme fee tax credit is greyed out and no credit amount reflex in this column on the I
Read moreGetting a Salary vs Invoicing the Company?
Good day. I was wondering if TaxTim could help me with a query relating to my salary at my new job. The owner prefers me to invoice him for my services at the en
Read morePossible change in provident fund laws?
If I want to take out my provident fund in April 2015, will I be able to take out the full amount? Yes you will be able to take the full amount out of a prov
Read moreWhat does a risk assessment entail and when will I receive my money. I am a pensioner
I did my return at the Roodepoort offices of SARS where all the details were input by a lady at SARS because I could not get my various certificates to 'pull th
Read moreMissed 3 years of returns and want to correct it?
I missed years 2011, 2012 and 2013 tax returns, am I able to submit them still? I have been unemployed since 2010, and have done a 'zero' tax return for 2010, 20
Read moreSettled business/private car tax allocation
I have paid off/settled my car 4 years in advance that I use for business and private purposes. So far I've kept track of km for each and apply that percentage
Read moreCan I invoice my employer as if I were a consultant instead of being an employee and paying PAYE?
The question, I am employed by a company full time to which I fall in the 38% tax bracket and would like to figure a way out to pay less tax especially when I g
Read moreWill I receive 100% of the value of a charitable donation back as a tax-refund?
I understand that I can claim deductions for charitable donations to a registered PBO (with a section 18A certificate) up to 10% of my taxable income. I am wond
Read moreMedical Expenses when not belonging to a medical aid?
I am on my wife's medical aid. June' 14 our funds in our medical savings account ran out. Since then I have been paying cash for prescription medication and var
Read moreHow do I pay small business tax?
I've just registered (jan 2015)my small business no serious and amount has been made yet, but we have up coming projects. Its an events company should I registe
Read moreWhat is my Gross salary is my Net salary is R10 000,00? (+UIF & PAYE)
My NET salary is exactly R10 000,00. What would my gross salary be? ( UIF & PAYE) Please make use of our SARS income tax calculator to calculate your ne
Read moreProvisional Taxpayer or not?
Im currently working for a employer whom pays my salary monthly along with benefits such as Vehicle, Cell Phone, Medical and UIF/Pension. I'm also a partner in
Read moreRegistering as a SA taxpayer
Hello Tim! I'm a foreigner living in SA on a relative visa, with my spouse. I would like to get a business endorsement on my visa. 1. At this stage, do I need to
Read moreHow much tax will I pay from my resignation benefits?
I'm an educator resigning January 2015, I worked for 26yrs...my total contribution is 1767035.01...how much will I pay for tax? Please make use of our Lump
Read moreHow can one claim a software subscription service from SARS?
How can one claim a software subscription service from SARS? More software companies are converting to software subscription services (either monthly or annuall
Read moreRefunds from SARS?
How long does it take for a refund to be paid once an audit/verification and resolution have been done? It should be paid within 21 working days.
Read moreTax Refund Calculator?
The calculator....."Work out salary tax (PAYE), UIF, taxable income and what tax rates you will pay"...does not include interest (local foreign), dividends (
Read moreCan I still claim my taxes this year?
Can I still claim for my taxes this year and what is needed? You need your IRP5, medical certificate, contribution certificates to retirement and pension fun
Read moreTax Return Calculations
If I make use of TaxTim, do I get to see my completed tax return before TaxTim files it? Do I get to see the calculations before filing? You will get to see
Read moreIf you're audited, papers are submitted how long before you receive the money from SARS?
eFiling for tax has been done end of November 2014. It's been chosen for audit and the papers were submitted. How long before you receive the money? Please r
Read moreTax on Interest only income?
I'd like to know how tax works based on this assumption:>> I have only one income and it's purely from interest earned off of investments (simple investme
Read moreWhat is that duration to get a tax number for a company?
What is that duration to get a tax number for a company? It should have been generated automatically when you registered the company or if you went into SAR
Read morePro rate exemption on primary residence?
Would I qualify for pro rata primary residence exemption if I let my house for 7 years while out the country. The property was purchased in July 2001 as my prim
Read moreAre SARS going to lock me up?
What happens if SARS obtained a court order against you and you did not know? What was the court order for? They did not specify but when we went back it
Read moreSARS delay in refunding?
Hi Tim..I submitted my outstanding returns for 2012 on the 02 Dec and 2013 on the 09th Dec. The first one was selected for verification/audit and I submitted t
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