Tax Q&A
What is the definition of taxable income in pension fund deduction calculation?
Does taxable income include all earnings to calculate pension rebate or is it only your basic salary? It would be the greater of your gross salary (earning
Read moreWhat are these company returns for?
What are the following forms for:IT34IT14IRP5IRP6IT12 The company only needs to worry about the ITR14 - company income tax return, the IRP6 which is the pr
Read moreCan I use my personal car for work and ask for a travel allowance?
Can you use your own car (double cab ) for your work ( not your business) and ask for a travel allowance? Yes you can, it would be up to the company to al
Read moreCapital gains tax on primary residence
I want to proceed with Tax Tim to complete my tax return for 2015 as it seems I have a penalty of R 1215. My question is, my tax practitioner did not complete
Read moreHow long should the audit verification take?
Submitted verification documents for 2015 tax return on 9 January 2016. No completion letter or anything further from SARS since then. I understood that the v
Read moreSpecial block on tax refund
I would like to know is its unusual for SARS to take more then a year to pay out tax refund? And how common is it that after the payout into my bank account d
Read moreOutstanding tax returns and arrears for commission earner
I have outstanding tax returns for 2012/2014/2015 and the subsequent penalties outstanding PLUS an arrears amount of just short of R20 000. I am registered f
Read moreIs goodwill always capital in nature?
Is goodwill always capital in nature? Goodwill does not affect tax calculations so in theory it would be capital.
Read moreTax on commission paid to 3rd party
We for example pay a 3rd party whom can either be a business or individual an incentive/commission to generate more business. So for example, if I go to a d
Read moreI require information on turnover tax requirements.
I am starting a small business and was looking at turnover tax as an option. The manual turnover will be under 300k. Do I need to register or is it only a re
Read moreWhat is my tax refund?
What is my tax refund amount? Have you submitted a tax return to SARS? No not yet but keep me posted on how much is my tax refund for 2016 If you hav
Read morePAYE penalty calculation
How do I calculate interest on penalty for PAYE? the amount is R1,856.18 and it is 2 days late. SARS will calculate the interest for you - you can pull a S
Read moreHow can I get my tax number from SARS?
I'm not sure if I am registered for tax therefore I don't know my tax number, how do I make sure that I am registered so that I can get a tax number? Pleas
Read moreRetirement fund payout question
I have received a payment for a retirement claim from my retirement company. I want to confirm if the tax I have paid is correct. The payout is reflected unde
Read morePayable tax if you did not work for the entire financial year.
In the event that a person only worked for half of a financial year, should he or she fall to a lower tax bracket if you look at the total yearly income? So l
Read moreHow do I get my login details for efiling?
How do I get my login details for SARS eFiling? Did you never have login details before for SARS eFiling? Hi, no I had not yet registered for SARS eFil
Read moreHelping an old lady
Does a 91 year old widow whose only income is R7200pm from an Old Mutual investment have to submit a tax return? I remember hearing that some people no longe
Read moreReceiving funds from abroad - tax implications?
What is the tax implications of receiving funds from abroad as a genuine gift? Is there a cut off amount, before SARS considers it to be a proper income, of
Read moreMInor - tax liabilities
If I need to register my child (minor) for tax due to interest and or CGT earned from their investment - do I register them as a provisional tax payer or as a
Read moreHow to cancel provisional taxpayer registration?
How can I deregister as a provisional taxpayer. I was erroneously registered. Click on the USER tab on SARS eFiling and then click on Tax Types and then d
Read moreCan I get money back from sars
I am paying 515. 25 tax every month my Taxable earnings standing now on 99037. 00 can I get money back from SARS You need to file a tax return in order to
Read moreRegister tax
My daughter earns R350. 00 a week. Must she register and pay tax? No, she is below the tax threshold so she won't need to register or pay tax.
Read moreHow much petrol and electricity expenses am I allowed to allocated from my business account
If have a PTY ltd running a laser cutting business with 2 directors. Petrol and electricity usage is currently paid our of my business. You need to work o
Read moreReturn from SARS for tax paid
Hi. IF I Was not working for 7 months will I get any money from SARS. Did you work and pay tax during the other months of the year? Yes I did work the
Read moreI paid too much tax and need clarity?
If I earn 6500 on a monthly bases why has may tax deduction been over a R1000 during the months of Jan and Feb 2016 Please make use of our SARS income tax
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