Tax Q&A
Not submitted returns since 2013
I lost my job in August 2013 and I did not submit my tax returns. Can I still submit or are there any penalties imposed or is not necessary? How much were
Read moreHow do I get a Tax recalculation?
I erroneously declared company Travelling in my 2015 tax returns, when I have Travelling allowance. How do I rectify this? If you are registered for SARS e
Read moreSole proprietor can you claim startup cost and amount paid for business
If you've bought a new business and you are a sole proprietor where can one complete the amount paid for the business? You can claim wear and tear on asset
Read moreSubmitting IRP5 document
How do I submit the IRP5 You can either go to your local SARS branch and get a consultant to assist you. Alternatively, you can do this yourself via SARS e
Read moreI am due a refund but I don't have a 2012 tax return as I was studying full time.
Hi there. I'm due a refund from SARS but it might be withheld as I did not submit a return in 2012. I wasn't working in 2012 as I was studying full time. Plea
Read moreIs it neccessary to have a bank account to submit
Do you have to have a bank account If you declare that you don't have a local bank account or the banking details belong to a 3rd party, select the reason
Read morePension fund withdrawal
If I withdraw money from my pension fund how will it be taxed. 500 000 withdrawal Please make use of our Lump sum calculator to see tax that you will pay
Read moreTAX PAYABLE ON BONUS MONTH
how much tax would i pay with my bonus month Your bonus would be added to your salary and taxed the same way as your salary per the tax tables.
Read moreIs UIF levied on commission earners?
Hi. Does commission earners pay UIF and if so, how much is deducted. The commissions payable is under R6000 per month. Does the employer deduct UIF on amounts
Read moreSubmission of tax form
I have earned R5000 per month. I work for my husband. I have not payed PAYE or UIF. Can I still submit my tax form? No, since you are earning below the tax
Read moreIf an expat individual salary processed in feb will the tax deducted for entire year or only feb
If I have landed in South Africa on 20th of Jan 2016 and my salary for Feb 2016 is processed in South Africa. The tax would be deducted only for the month of
Read moreCan I claim for med. Aid monthly contributions?
Am I allowed to claim against my monthly contribution to my medical aid even if my company pays its portion? You will need to complete the medical aid sect
Read moreProvisional tax once off situation?
In the 2015 tax season my employer paid me my full salary and did not subtract PAYE. This was the case for 3 months. I did not get an IRP5 for that period. I
Read moreDo I still have to submit a tax return having emigrated to Namibia?
My friend lives in Namibia - she recently moved there about 2 years ago. She earns income there and pays medical aid and pension contributions there. She stil
Read moreIs a flat I build on my bond with the increase in bond cost paid by parents and brothers an income?
I built a flat for my parent, increasing my bond. My parents and brothers help pay for the increase in the bond. The amount just covers the increase in bond c
Read moreDon't know if i'm provitional or individual tax payer.
I'm not sure which type of tax return should I submit. You will always have to submit the ITR12 as this is the final Tax tax return. Please make use of ou
Read moreL regestered this year ealy
I forgot my tax number Please call 0800 00 7277 to find out your tax number.
Read moreDo I get money from SARS?
How do I know I got money at SARS You need to file a return with SARS first to determine IF you are owed a refund or in fact IF you owe SARS.
Read moreSARS eFiling registration
How do I register for SARS eFiling??? Please click the link to see How to register for SARS eFiling
Read moreSARS code 3702 not being taxed
Good day. I have codes 3701 and 3702 on my IRP5. I claim more then the SARS rate due to the fact that our rate includes fuel, maintenance, capital, insurance
Read moreCar expense claims as a full commission earner
I started as an estate agent and I have not kept records of my mileage and the car is paid up, what can I claim as a vehicle expense and depreciation Do yo
Read moreProvisional Taxpayer status
I receive a bonus from my boss every year, but this bonus is not guaranteed, we only receive it if we reach our targets. For the past couple of years we have
Read moreMileage claims
Good day, i work on the road every day and get my mileage paid to me monthly separate from my salary and don't get taxed on it. What do I need to submit my ta
Read moreDeclaring profit on Bitcoin trading and speculation
I am earning a local profit from trading Bitcoin in various exchanges throughout the world. I have lodged this under: Other Receipts Accruals - Royalties - A
Read moreHow are personal assets to be valued? Personal assets given or donated to you?
Am I correct in understanding that the valuation of personal assets is at cost price? What about personal assets that you have received as personal gifts/don
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