Tax Q&A

Need to know about my taxable earning

I need to know if I do have tax money. I'm not working any more. What must I do to get my taxable earning? If you earned more than R73,650 for the year (i.

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Providend fund CC contribution

How does company benefits work when a company deducts providend fund form your salary? Do they contribute a percentage with the employee or does the employee

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Old tax certificate

How can I get my tax certificate for the period of 2010-2011. I am no longer in a medical scheme Please read our blog on Where to get Medical Scheme Tax Ce

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Do I charge VAT as an SA company to my foreign client for advertising on a local magazine

Do I charge VAT as an SA company to my foreign client for advertising on a local magazine, and the magazine is being circulated in SA? Yes, VAT should be c

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Tax on medical aid paid by the employer

If a company pays medical aid on behalf of an employee, what are the tax implications on both the employer and employee? The employer will have a tax deduc

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How do I complete my provisional income tax form

How do I complete my provisional tax form You need to estimate your total taxable income for the year (ie. income less expenses). The Return will automatic

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How to deal with long overdue tax returns

I am a B&B owner and have not submitted tax returns for about 6 years.. What should I do? I also had a job last year for extra income, how will this be treate

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Method of donating money that results in lowest tax

I want to give a family member one million rand as a gift. What is the best way to do that so that she pays the least amount of tax on this amount? You wil

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Monthly tax

I'm earning R12,000 including overtime but it looks like I'm paying too much tax of more than R1,000 is this correct amount? Provident fund of R480? Please

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Calculate my tax deductions

I earned R11660 a month gross salary how much will my tax be Please make use of our SARS income tax calculator to see what your tax should be.

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Medical payment

I have a medical bill to settle for treatment rendered in February. If I pay it now (in the new tax year) will it be for tax year 2017 or 2016? The year wh

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Claiming VAT without invoices

Can I claim vat using bank statements - invoices are missing. You would need invoices to prove this to SARS unfortunately.

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UIF for self-employed

Should I still deduct UIF if I am self employed and if so can I even claim it? No you will not deduct UIF unfortunately if you are self employed.

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Efiling message

I submitted my tax return through SARS eFiling but since submission this is the message I keep getting. "Please note that your tax return cannot be processed

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Is income tax reduced at age 55 for early retirement

Does early retirement at age 55 reduce income tax in any way No unfortunately not unless you withdraw from a fund. I am withdrawing from government empl

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Small salary - do I need to file a tax return?

I don't get a very large salary and the whole Tax thing makes me quite nervous. I have used your calculator before and it shows that I don't pay any tax. My m

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How do I calculate my company annual turnover excluding vat?

How do I calculate my company annual turnover excluding vat? Take your turnover and multiply by 100/114 if you had charged VAT on every invoice.

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Size of a document you need to submit

When I filed my tax return last year I needed to submit documents. But one document can only be a certain size and I could only file 20. I had to go to my nea

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Am I paying too much tax

Hi there my gross salary is R 20 000. My deductions are as follows provident fund r 903. 29 then p. A. Y. E tax is R 2 821. 65 and then uif is R145. 06 then I

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IS IT COMPLUSORY TO PAY TAX ON INTEREST RECEIVED FROM A FIXED DEPOSIT

I received my late husbands provident fund and invested it into a five year fixed deposit i receive r10 780 a month on the fixed deposit i am 44 years old and

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Tax implication UK state pension

I expect to receive a small UK state pension from this year. I am not a taxpayer and am married in COP my husband pays tax. Will this pension be taxable on hi

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Tax rebate on provident fund contribution

I am a member of a provident fund. People that contribute to a pension fund get a tax deduction of 7. 5%. Provident no rebate. How will I be treated with the

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Do I pay tax on the pay out ? What about the R 500 K tax free rule ?

I have been retrenched, the money from my Pension Fund has been transfered to Retirement Annuity Fund with a portion being paid out to me. Am I liable to pay

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Do I have to register on SARS eFiling?

I am a part time student and just started my first full time job. My salary is R10 000 pm. Do I have to register on E-filing to file a tax return? Yes you

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Tax on monthly fixed deposit income

I receive a monthly income from a fixed deposit of R10 605. I am 44 years old and i am unemployed. i live off my fixed deposit. Please calculate how much tax

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