Tax Q&A
Do we get 100% lump sum
I would like to know if guys pays the all lump sum fairly or u keep some percentage for next payouts or investment When a lumpsum is paid, a portion is pai
Read moreMust I still pay tax if company deducts PAYE?
Must I still pay tax if my company deducts PAYE? It would depend if you earn any other income, and if you have any deductions you may be entitled to a refu
Read moreHow can I find out why I'm being audited?
I've done my tax return Ok. I received an SMS that I am being audited and that I will receive the amount of refund on 1 Dec. Why must I wait so long, and how
Read moreLapses on cancelled policies
I am at the part on my tax return which asks - Did you receive any money for work that you were taxed on, or money for restraint of trade, which you then had
Read moreTravel allowance for commission earner
I am currently at the travel allowance part of my tax return. This question arises. Do you receive a travel allowance from your employer? Click Yes if source
Read moreTax for working abroad
Hi Tim,Is there a change to the tax exemption for offshore personal that are out the country for more than 183 days a year and have atleast one work trip long
Read moreHow much tax will I pay when receiving a provident fund upon leaving my company?
How much tax will I pay when receiving a R102 000 provident fund upon leaving my company? Please make use of our Lump sum calculator to work out the tax.
Read moreDo you get an IRP5 if my employer prepopulates the return on eFiling?
If I don't have an IRP5 and the employer has pre-populated the tax return on SARS E filing, how can I make use of TaxTim to do the tax return? You can impo
Read moreCapital gains tax exemption
I have to calculate capital gain on a rental property ( not a primary residence). It seems we can deduct a R30 000 natural person exemption. Does SARS eFiling
Read moreWhat does "auto finalised" mean?
My son has been audited, then it went to anther department, that department said that it would be auto finalised 28/10/2015, but still no money... Unfortun
Read moreDo I submit returns for the years in between a full-time job where I studied and worked for myself?
What happens if I started my first full-time job at the beginning of 2012 and submitted my tax return correctly (getting no refund, of course)... But then I q
Read moreITA34 form
How do I obtain a ITA34 form if I am not registered for tax? Earn below required income to register. For my medical(Boncap) aid say they need it to register m
Read moreParking expenditure
As a SARS commission earner, can I claim my parking expenditure charged by my office? Yes you will do this on the Tax Deduction section.
Read moreCan use of vehicle be classified as fringe benefit
Directors purchase 2 luxury motor vehicles on company name. But the installments are being paid off the directors loan account. SARS raises an assessment on t
Read moreDonations and Tax
I would like to understand how donations / gifts work. I have read a few things but want to make sure I have it right. Lets say a friend of mine is in need an
Read moreFile for 2 years ago
I have been out of the country for 2 years when I tax returned I received an SMS that I am fined for 2012-2014 tax returns not filed. Can you please assist me
Read moreRental income In Community of Property split not recorded on IT34
On my IT34 - for my rental income profit - SARS did not perform the 50-50 split for being married in community of property and so the full amount was used to
Read moreCan I claim gap cover on my tax return?
I had depleted my savings last year on my medical scheme and had a self payment gap to cover and then annual threshold benefits would kick in. Can I claim the
Read moreIs a UK property sale liable for SA CGT
I've recently sold a property in the United Kingdom, and transferred the proceeds thereof over to South Africa. I'm a South African citizen, registered with S
Read moreHow do you claim entertainment expenses
How do you claim entertainment expenses. The expenses that are directly related to projects and to a client is reimbursed by the company. Expenses related to
Read moreHow would I summit a tax return as a sole proprietor with no payslips?
I am a sole proprietor. I need to do a tax return for this year. I have no payslips, but I do have an income and expense sheet done by me. How do I go about d
Read moreDo I need to pay tax and why?
I am a South African university student, currently working at the university library as a library assistant. I get paid not more than R3000 a month. I receive
Read moreRetirement Annuity Fund
How do I reflect my Retirement Annuity Fund contribution on my tax return? Can I reflect for both 2014 and 2015, if the amount for 2014 was not included in th
Read moreI want the amount of UIF I must pay if I earn R65 000 Basic Salary and R15 000 car allowance?
Hi Tim, I female single mother of one and earn basic salary of R65 000 and car allowance of R15 000. 00. What should my UIF contribution be? What is my tax de
Read moreCALCULATION OF TAXABLE INCOME
HOW TO CALCULATE FARMING TAXABLE INCOME? Unfortunately we do not do Farming Taxes.
Read morePage 94 of 317
Showing 2326–2350 of 7902 articles