Tax Q&A

answers

Am I supposed to pay tax?

I am a foreign student studying in South Africa, I got a part time job earning about R20,000. I resigned after 2yrs 8months. I was informed there is a provide

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Tax rules for foreign income

Please advise the tax rules for working outside of SA? No income is earned in SA only abroad. How long have you been working overseas? Do you intend to re

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Salon tax

I own a small salon. It's doing pretty well. It's been 6 months since it opened. It has its own business account. I have 3 employees, 1manager (7k) and 2 casu

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Tax Deduction from Provident Fund

I had R300 000 tax deducted from my late husband's provident this year - will i qualify for a tax refund? I am unemployed i was dependent on my husband fully

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Resignation

If my retirement fund is standing at 63000 and I resign how much will I get out? Thats including company contributions. Its not my first time I resign from a

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Do directors have to pay PAYE?

I have seen a few times where directors of companies are not paid the same amount each month. The company does not pay PAYE over each month (in fact company i

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Receiving money from abroad that's not gift or work related

HelloMy father-in-law lives in Mauritius and is coming to SA in April for a holiday. He wants to send money (R50,000) to my bank account so that I can pay dep

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Turnover tax

My husband and I are architectural draughts persons, in a partnership and provisional taxpayers. Can we switch to turnover tax? Unfortunately not. Turnover

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Tax Returns - process?

What and when is the procedure for claiming tax returns? You need to pay tax and have a tax reference number in order to file a tax return. If you have over

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Do I have to pay tax if I earn R5500 monthly?

I'm earning 5500 Rand am I have to pay tax No you earn below the tax threshold (which is currently R73,650 per year or R6,137 per month) and therefore shou

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Vehicle repayments

Hi Tim I am a solely commissioned based earner for one company can I claim vehicle repayments Yes, you can but you need to keep a logbook for business tra

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Is there a penalty when SARS is late in payment to a taxpayer?

Hi there, Is there a penalty when SARS is late in payment to a taxpayer? If so, what is the penalty. Hopefully this works both ways. I'm eager to know. It would

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Paying tax on money received as a gift

My sister is sending me money from the uk to me here in SA. It works out about R72,000Do I have to pay tax on this amount and, if so. how much? No you will

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PAYE vs tax directive earning the same amount?

Hi, I am currently earning R10 000 as a basic salary and get taxed according to a PAYE scale. I am moving to a commission based structure where I assume I wil

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Site allowance claim

i work in construction and stay out for long periods. My company pays me a site allowance(shown on payslip)i use this for rent food and travel. Can I claim ba

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Are pension contributions deductible even if it doesn't apear on the IRP5?

Am I able to claim my pension contribution if it doesn't appear on my IRP5 for the 2014 and 2015 tax years? Yes, can you upload the certificates to the

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How do I get my IT 150 form online? I just want to check when I registered for income tax.

How do I get my IT 150 form online? I just want to check when I registered for income tax. I am registered for SARS eFiling. Thank you Unfortunately they a

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Commission earner

What expenses can a commissioner earner claim (he is office based but does travel to clients using his own car and petrol. No refundable expenses) He is ab

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Freelance work.

I am considering freelancing for a UK based company. I need to know how I would go about informing SARS etc. What are the laws regarding this situation?

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Lotto winnings vs taxable ?

In 2012 the Min Fin announced the lotto winning excess of 25000 is taxable. On enquiry I was told the this was not promulgated yet so as of today lotto winnin

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Auditing

Can I phone SARS to find out how far they are with auditing for someone else? Unfortunately not, you would need to have them call SARS themselves.

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How to get a IRP5 if employer have closed and SARS have do not have one?

SARS requested my 2012 tax return and on eFiling no IRP5 for this period have been uploaded. I have lost my IRP5 received and the employer at that time have c

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Allowable deductions from rental income

I did some renovations to a rental property between tenants. I replaced the carpet with tiles, replaced all the kitchen cupboards and the oven, and repainted.

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What deductions can I claim?

I am an employee earning R4100 a month, that is less than R50,000 per annum, do I need to pay tax? If no, what happen to the company that deduct tax to the em

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Independent consultant tax submission

I'm starting to do consulting on an adhoc basis and would therefore not be issued any tax related documents from my clients. How do I go about handling my tax

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