Tax Q&A
Forgot to include something on tax return
HI. What if you forget to include something on your tax return, but have already filed it..... I have incurred a capital gain due to the sale of a property, a
Read moreRepresentative Vendor
I have just recently started my own business I need to register for VAT and Payroll Taxes. When completing the VAT101 form, who is the Representative Vendor?
Read moreHow much will I get from a salary of R2361 in a year
I want to know how long it takes to get ur income tax return and how much will it be if my salary is R2361 a month? Since you are earning below the tax thr
Read moreHow much should I be taxed if I'm earning R 7000?
Hi. Im getting payed a R 7000 a month, but it seams im being taxed large amounts of money every month. I would like t know how much should I be taxed? Plea
Read moreTax on Loans
If my brother gave me an interest free open-ended loan - what would the tax implications be? If the loan is interest free, there would be no tax implicatio
Read moreVAT Registration in person
I need to register for VAT, I have completed the VAT101 form and attached all the necessary required documents. Must I submit this myself in person or could m
Read moreInvestment income whilst being in the UK
I earn R3000 per month from an investment and this is my sole income. I invested in July 2015. I have been in the UK since July so might be classed as a non p
Read moreCan I get my refund even if I submitted my returns late?
I submitted my tax returns late and the tax calculator showed that I have a refund. Will I still get the refund even when I submitted late? Yes, you may ge
Read moreTax on retirement gift from a Church to a Pastor
Our church wants to donate a parting gift to a retiring Pastor of between 500000 and 750000. Will the church have to pay donations tax or will the retiring Pa
Read moreDoes Base Cost include interest over time?
I am selling a rental house. Will the interest on my bond over the period of ownership be part of the base cost? No that was deductible against the rental
Read moreIs it a must to register at SARS?
Is it a must that each and every person must register to SARS when they are employed? Yes, if you are employed and your employer is deducting PAYE and/or U
Read moreCan employer deduct medical tax credits from employees tax but the employee is paying the medical ai
Employer pays a basic salary to employee of R28 000,00 per month. There is no fringe benefits. Employee pays a medical aid scheme for himself his wife and 4 c
Read moreMove from a Tax Consultant
I am at present using a tax consultant. How do I transfer to doing my own tax return with the help of Tax Tim? They have all my records etc. Thanks for you
Read moreI would like to know what is IRP5 is?
I just want to know what is IRP 5 CERTIFICATE FOR LUMSPSUM. Ian if the say gross lumpsum is 7500 what that means. Can I get the best explanation please. Thnx
Read moreHow do I get a number
How do I get a tax number I have pay income tax on my salary per mouth with work but don't have a tax number? Please read our blog on How to get a SARS t
Read moreOut of pocket medical expense for dentist.
I'm 25 years old, my annual income is approximately R264000 and I'm also paying my own medical aid at a rate of R1710 p/m with no other dependents. I'm consid
Read moreWhat do I expect from a mixture of employment and individual contractor at end of tax year?
I was an employee up to 31 October 2015, then I resigned to work for another institution as an individual contractor. I am rated hourly and paid according to
Read moreAs far as I know over the counter medical expenses cannot be claimed
As far as I know over the counter medical expenses cannot be claimed, unless it is on doctor's prescription. You say I may claim it? Yes, over the counter
Read moreNo IRP5 on liquidated company
The company my wife has worked for has been liquidated in September 2014. She has worked for them form January 2014 until September 2014. Subsequently she has
Read moreTax on Rental Income
Dear Sir/MadamI am South African, but living and working in Kuwait. Back in Durban I own 2 properties which are rented out to tenants. Property 1 - rental inc
Read moreDoes that mean I owe SARS?
I received an SMS after submitted my IRP5 "said" assessment type : additional: amount Due by you: audit: N : first payment 01-01-2016 and 2nd 31-01 -2016 doe
Read moreDo I have to spend 63 days out of the country before 28 February 2016 to not pay tax?
I live and work in Malta but travel back to South Africa frequently. I did not have to pay tax for the 2015 tax year because I did 63 days out of the country
Read moreCompletion Letter
I was selected for audit. I have been waiting for more than 21 days now. I received a letter yesterday in my SARS eFiling profile - completion letter what i
Read moreITSA issued
I lodged my tax return, and was then requested to upload supporting documents for review. Three weeks past and now there is a ITSA (statement of account) - do
Read moreNon-resident donor tax
If my brother is a non-resident (USA citizen) and he donates money to me as a South African citizen is there donations tax and if not - do I still need to not
Read morePage 80 of 317
Showing 1976–2000 of 7902 articles