Tax Q&A

Does medical aid contributions qualify for the calculation of allowable RA deductions?

In the cost-to-company pay structure the medical aid contribution does not fall under "pensionable income". Can the full medical aid contribution be included fo

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How fast are refunds paid out in 2014?

How long will SARS take to pay out a rebate consisting of the 4 previous consecutive years, considering the payout has gone for a review? It would depend on

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Limit on medical expenses claimed by an older than 65 taxpayer?

Is there a provision in the tax act which limits the amount of medical expenses (not medical aid contributions) that a taxpayer older than 65 may claim, to not

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Paying tax on Scholarship/Bursary funds?

Thanks for the great advice thus far. Do university students have to pay tax on scholarship or bursary money if they are studying full time? No, this will be

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Should I as a casual have a tax number?

I am currently working as a casual working at amazon spur, earning R13.81 per hour I am working 5 hours shift per day, we have been asked to provide tax numbers

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Would the tax free portion of a RA be re taxed in the current tax year?

I am 55 years and still working, but cashed in 1/3 of my preservation fund and received the sum of app 478 k, 315 K of which was the tax free portion, so I paid

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How do I apply for a SARS tax reference number?

How to apply for personal tax number at SARS what is needed from me and how long does it take or is it a same time service? Please click the link to find out

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Employer doesn't deduct PAYE?

The company I started working for doesn't deduct PAYE, it states on my contract that I will be responsible for paying taxes myself. Do you work full time as

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Need to register eFiling for my mom?

How to go about registering for someone if you have power of attorney? You will still need to submit documents to SARS for her if they ask, but register fo

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What methods of apportionment of home office expenses are acceptable to SARS?

I am a 100% commission earning employee who runs all my business activities from my residence. I estimate my business share of home expenses as being higher tha

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Are university fees exempt from tax?

Can I deduct my child's university fees from tax payable? Unfortunately not, this is a personal expense.

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Can remote workers claim the expense of a desk in a shared office (not a home office)

I've been working remotely for a Johannesburg based company. I used to work from my actual home but started renting a desk at a shared office near my home inste

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Retirement Annuity Topup

I am a Pensioner in my seventies. Have a Retirement/Living Annuity ~ R 750 000 and want to top it up with R 500 000(for various reasons). What is the Tax implic

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Is CGT payable as the plot was bought with the intention to build a house?

I bought a plot 20 years ago with the intention to build a house. Due to financial constraints I did not build nor purchase any other property. I have now sold

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RA contributions - tax benefits?

I have a sole prop who earns R3m per annum. To reduce his PAYE I have suggested he takes out an RA.What is the maximum he can contribute for Feb 2014 so as to m

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Does extra money given to me by my boss need to be taxed?

I earn about R 5300, sometimes R 5400 and do pay PAYE tax. My boss gave me R 2500 extra in December as a thank you. Does that need to be taxed? Yes your R2

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Medical tax credit apportionment for deceased taxpayer?

When calculating the normal tax liability for a deceased taxpayer, should the medical tax credit be apportioned as the primary rebate would be apportioned? T

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Proportionate share of cgt

How do I calculate Capital Gains Tax where 3 people own the property (35.5%, 35.5% and 29%) but only the latter 2 of them have primary residence? You would n

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Avoid annoyance of IRP6 submission?

I am a pensioner and get a pension that is taxed plus RA payments and receive interest on investments that are below taxable. How do I avoid filling in a IRP6?

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Tax implications of investments?

Is it a waste of time and resources to invest R200pm in Unit Trusts through an FNB account for someone earning R12k monthly? It is never a waste of time to i

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Which property is my primary residence in SARS' eyes?

I have just found a flat that I would like to buy (I already own one flat). I was wondering how SARS determines what your primary residence is if you have two p

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How much of the inheritance should I allocate for personal income tax/estate duty?

The lawyer who is finalising my uncle's will / estate said we would all be paid out by the end of Feb. There is no property or anything that is getting transfe

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Dubai/RSA tax question?

I am a South African citizen and have been made an offer of employment by a Dubai-based consultancy. They will give me an employment contract to work in Dubai (

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Do I pay tax on my SA salary if I am out of the country for most of the year?

I am going to work for a Tanzanian company for the next 12 months, but will still earn my SA salary. Is it business as usual in terms of PAYE on my SA salary, o

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Commercial fisherman - tax situation?

How would a self-employed commercial fisherman pay tax? Similar to any other taxpayer. You would however have to register as a provisional taxpayer.

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