Tax Q&A
How can you claim a late person's tax money?
My father passed away last year and he didn't claim his tax money, so I want to know how can we claim his tax money? The executor of the estate needs to su
Read moreIs the pension fund exempt or amounts payable from the pension fund to the taxpayer
Receipts and accruals of a pension fund are exempt. Does this entail that the fund itself is exempt or amounts payable from the fund to the taxpayer upon reti
Read moreCan the offshore tax law dates be changed?
My husband works offshore on a ship for a few years now. We understand about the 183 days out of SA to be exempted from paying tax in South Africa. However, t
Read moreJointly owned rental property and non-mortgage interest.
A rental property is jointly owned by two individuals. There is no registered bond over the property, however each part owner has contributed funds to purchas
Read moreOn ITR12 do I fill in local assets/liabilities at cost?
What does local assets and local liabilities (at cost) mean For assets, it means the price you paid when you purchased them. e.g. cost price of your car, h
Read morePercentage of annual commission deducted
I am in sales and earn a commission at the end of the year. I would like to ascertain how much of that I will be losing to tax. Is there a formula or a percen
Read moreBroken service
I was unemployed until 03 Aug 2015, but still get deducted the normal monthly PAYE. How do I work out what I should have paid in tax for broken service? presu
Read moreWhat cost to use for Travel Allowance?
What cost of Motor Vehicle to use for Travel Allowance? Original new cost or second hand cost actually paid? it would be the second hand price you paid.
Read moreDo you have to pay CGT with your first provisional tax payment?
We are completing our 1st provisional tax return for our property company, and because we have disposed of properties in the last 6 months, this has triggered
Read moreI have recieved a statement of account from sars, but it does not state when SARS will pay me, will
I have just received a statement of account from SARS, but it does not state when SARS will pay me, will I need to contact them or something? Have you just
Read moreIT3b on loan accounts for tax purposes?
If you earn interest on loan accounts from your company and the company do not issue IT3b from the company what do you use as supporting docs for interest inc
Read moreCan I still query my statement of assessment after the tax returns deadline?
I completed my first tax return via SARS eFiling early November (I have only been working for two years). After the SARS eFiling deadline, I checked to see my
Read moreMaximum tax benefit for provident fund and annuity contributions from myself
Can I get a tax benefit for a provident fund that I contribute to as well as an annuity at the same time? Currently, there is no deduction (ie tax benefit)
Read moreDelay of refund due to audit and outstanding tax returns from 2005/2006
I have enjoyed many years of good refunds from SARS. ( round about R30 000. 00 per tax year) This year I had an audit and they then issued a letter of comple
Read moreMonthly tax multiply by 12 months
how is bonus calculated? Your bonus would be added to your salary and taxed in the same way per the tax tables at your marginal tax rate.
Read moreA copy of a company's EMP103
How do I obtain a copy of a company's EMP103 registration certificate? The company (an NPO) registered in 1992 and the certificate is not to be found It wou
Read moreCapital gain and recoupment consideration?
When you sell a property at a profit. Should there be a recoupment in your tax return as well as a capital gain? I. E. You reverse any deductions that you ha
Read moreQuery with obtaining old IRP5?
SARS is requesting an old IRP5 which I don't have as its 5 years ago, My previous company doesn't exist anymore. I have contacted the accounting co at that t
Read moreITR12 for expats.
I currently live and work in the United Kingdom. Should I fill out the ITR12 as Unemployed? All postal correspondence is posted to my mother's address. Shoul
Read moreAlimony for tax purposes?
Do I have to declare the alimony I receive every month from my ex husband No, this is exempt from tax.
Read moreQualifications to pay tax?
How much per annum must you earn not to pay any income tax The threshold for 2015/2016 tax year is currently R73,650 (for under 65 years) so if you earn be
Read moreCalulate tax on leave
How to calculate tax on annual leave - wage paid fortnightly (every 2 weeks) Please make use of our SARS income tax calculator
Read moreTax on leave money
My staff wages is payable fortnight - do I deduct tax on their annual leave money? It depends whether or not they earn over the annual tax threshold which
Read moreUnsure how this calculation works for medical tax?
Why is the medical tax credit multiplied by four. Please read our blog on Medical Aid 2015Please also use our Medical Tax Credits Calculator to assist w
Read moreLate submission of supporting documents
I submitted a tax return on SARS eFiling. A letter requesting supporting docs was issued but I neglected to upload within specified time. An additional letter
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