Tax Q&A
Can an employer who is not giving you benefits allowed to break down your salary, reducing basic sal
My. Basic salary is R33943.06My employer break it down as my basic salary is R28169.48 medical aid R3698.00 , vitality R39.00, provident fund R2063.58 rate per
Read moreCan PAYE be deducted if on commission only and can I invoice the company contracting me ?
I'm a consultant and earned only 5% on commission. The company pays me a retainer of R10K per month. Can they deduct PAYE per month ( 5 month contract only)? if
Read moreWhat is the definition of "place of effective management?"
What is the definition of "place of effective management?" Where the daily decisions are made in running a business, so where the management decide things. S
Read moreMultiple IRP5 in tax return using TaxTim?
I'm a provisional tax payer and I changed jobs in February last year. I would like to use TaxTim to submit my return, but would just like to ensure that the pro
Read moreHow do I calculate PAYE on a 13th cheque
How do I calculate PAYE on a 13th cheque You can use the average tax percentage or add it to the salary and apply the full amount to the tables.
Read moreIs the primary residence exclusion applicable if property was lived in and rented out?
I have a property that I have recently sold. I lived in it for 7 years and then rented it out for 3.5 years subsequently. Now that it has been sold, do I qualif
Read moreRegistration for TaxTim?
How can I register as a new user without using the Facebook option? Under the right-most column "I am new here" click the green button that says "Click here
Read moreLeasehold improvement - how is this taxed?
Our company has to make improvements to our offices that we lease. I know we should account for these as leasehold improvements and amortize it over the lease
Read moreResident abroad aiming to cash out shares/ unit trusts, do I need to register with SARS ?
I am a dual citizen (SA & European). I am currently living abroad on my European passport and never formally emigrated from SA. As a result I still hold a
Read moreHow much will I get being paid R6000,00 a week after paying tax?
How much after taxed on R6000 for per week? Please use our SARS income tax calculator to calculate your after tax amount.
Read moreConfused about a tax audit?
Hi TimI made a mistake on my tax return and included my employer contribution plus my own contribution to the company pension as well as my RA contribution unde
Read moreWill I be taxed on gifts from my son in a foreign country?
My son wants to give me 3 000 US dollars a month for the next 6 months as a gift. I am a house wife married with anti-nuptial contract. I don't earn anything an
Read moreTax on Sale of Personal Website?
I own a website that I started as a Hobby (showcasing information about various sports teams and tournaments). The novelty has since worn off and I now want to
Read moreIncome & Expenses sent in my tax return and only income was acknowledged.
What will happen with my 2010 tax return that SARS did not "allow" for my expenses, only my income and are now asking for a huge amount that I owe them? You
Read moreSARS not reviewing third efilling correction, requesting documents for something I corrected.
Great websiteI submitted my tax return, via eFiling, and made two corrections (Re-filed) the one was a medical expense correction where I was a few rand off, an
Read moreWhat is tax rate for RI on 17,000.00 on early withdrawal?
If I am taking out my pension as a cash out as of 4/1/14 and I am 39 years old what will the tax rate be on 17,000.00? There won't be any tax as it below the
Read moreWhere do I find link to 'Directives' on home page of website?
Where do I find link to 'Directives' on home page of website?'Services' does not include a sub heading 'Directives'. You need to manually complete a directiv
Read moreI don't understand the SMS received: statement of account has been issued on SARS eFiling?? meaning?
i received a sms : a statement of account has been issued on SARS eFiling? when can I get my money You need to log-on to SARS eFiling and view the statement
Read moreURGENT - SARS sent me an email - what to do?
I received a email from SARS eFiling that says "A payment has been made into your account from Sars-Efiling,it will take a period of 5 working days to reflect,d
Read moreEMP 501 completion?
how do I complete an EMP 501 , for paye reconcilation process and when should I submit it? This should have been completed end of August already for the firs
Read moreIs TaxTim compatible with Iphone 5
Is Tax Tim logbook, compatible with Iphone5. Is there an Tax Tim app for iphone Yes it is a mobile-friendly website so works on any phone with internet. It w
Read moreHow long does is take to get the money in the bank account after ITA34 sms?
How long does is take to get the money in the bank account after ITA34 sms? If you are due a refund and no supporting documents are required then it should t
Read moreAfter getting the ITA34 sms does that guarantee you that you will get some money?
After getting the ITA34 sms does that guarantee you that you will get some money? No it means you are receiving an assessment from SARS which is the summary
Read moreTax with bonus?
If you earn R5500 a month and in December you get bonus of R5500 as well as your pay for that month. How do you work out how much tax you pay. There are two
Read moreAm I viable for a tax return?
Am I viable for a tax return and how do I find out if I am? Do you earn in income? Yes I do earn an income, I've been working permanenlty for ten years
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