Calculating tax on commission

  Written by Marc   Updated 4 April 2022

I wanted to know how to calculate how much tax I will have to pay to SARS. I am an estate agent and earned about R106 000. 00 commission for the tax year.

Tax deduction - Asset write-off for small items

  Written by Marc   Posted 3 April 2022

Is it true that the acquisition of "small" items at a cost of less than R 7000 per item may be written off during the year of acquisition? I bought a laptop for R 6999.00 in December 2012. I am an IT contractor.

I receive a ten digit number from SARS, how do I know if its my tax number?

  Written by Marc   Updated 1 April 2022

I went for an interview last week and the recruitment officer told us that as an employee you will need a tax number, but she then said she might apply on behalf of some of us and we might receive an SMS. Yesterday I received an SMS saying I have been registered and they send me a ten-digit number and said it's a tax reference number, how do I know if the number really is my tax number?

What does code 3801 and 3810 on irp5 stand for? If fringe benefits why wont they appear on payslip?

  Written by Marc   Updated 1 April 2022

I am currently completing my 2 daughters, my son in law, my husband and my tax returns for the 2015 tax year and I am unsure of code 3801 and 3810 on my daughter's tax return. What could these fringe benefits be? I don't see it on her payslips? Her salary structure is that her salary as a cash amount and travel allowance on her payslip as well her medical aid, disability, provident, Income protection insurance and ancillary fee but her IRP5 does not show the above on her IRP5?
Confused! Doe...

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Freelancer and Tax payments

  Written by Nicci   Updated 1 April 2022

I am currently working as a freelance artist who just started earning money from the work which I do, but at the moment I earn approximately R600.00 a month. I also have not been working for a long time before I began with the freelance job, it has been just over 7 months. Do I still need to pay my taxes even though my income isn't fixed and stable? If that is the case I need help in knowing how I can calculate how much of the tax I would need to pay.

How do I know that I owe sars or they owe me?

  Written by Evan   Posted 1 April 2022

Q: How do I know if I owe SARS or not

What does a negative tax refund amount mean?

  Written by Marc   Posted 1 April 2022

Q: What does a negative tax refund amount means

How do I enter PAYE reference number

  Written by Marc   Posted 1 April 2022

I was just asked me for my PAYE reference number how does it differ from my tax reference number

Is VAT on commission subjected to income tax?

  Written by Nicci   Updated 31 March 2022

If an individual who is a registered as VAT vendor acts as an Agent and earns commission ad obviously charges output tax and declares it to SARS.

I.e. Someone who has invoiced out R100.00 and declared an output tax of R13.04 to SARS, when the time comes to file their personal income tax does the person have to declare the same amount being R86.96 excluding VAT as their commission income and do they have to pay income tax on the above amount?

Will that not be double taxati...

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How do I reset both username and password on eFiling?

  Written by Marc   Posted 31 March 2022

Q: How do I reset my login name and password on eFiling.

I typed three times and now I'm blocked.

VAT on interest

  Written by Marc   Updated 31 March 2022

I have a business that collects debt on behalf of other service providers, we eventually charge interest if the payments are overdue longer than 3 months. Are we required to charge VAT on this interest?

I want to know how to print my tax certificate?

  Written by Marc   Posted 31 March 2022

I just want to know if it possible for you to e-mail me the tax certificate.

How do independent contractors get taxed?

  Written by Marc   Posted 31 March 2022

I will be taking a new job that requires me to be a contractor. There are mixed opinions on how contractors get taxed. The consulting company assures me this is a flat rate of 25%, but on reading SAICA's website I found this little nugget: " If the independent contractor works more than 22 hours a week, he/she must be taxed in terms of the income tax tables".
I will definitely be working more than 22 hours a week, can you tell me things will work, please?

The question of tax relates to how you are perceived to be working for the "employer" to whom you will be contracting out to...

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I have a tax number, but how do I verify it?

  Written by Marc   Posted 31 March 2022

I want to find out whether it's registered in tax office.

Drop-shipping and taxes

  Written by Nicci   Posted 31 March 2022

Q: Tax on Sole Proprietor Income

Is there a way I can register for PAYE on Sars Efiling?

  Written by Evan   Posted 31 March 2022

Q: How to Register for PAYE on eFiling

I can't get into my SARS e-filing. Rejecting my user name and doesn't know my e-mail address.

  Written by Marc   Posted 31 March 2022

Q: I can't get into my SARS eFiling.

I do have a new email address but I tried my old e-mail address and that didn't work either.

How should an online freelancer pay tax?

  Written by Marc   Updated 31 March 2022

Hi there, I need some advice. I currently work full-time but will be going freelance from April. I have already started some freelance work on the side, and wanted to know how I should go about paying tax for this? Most of the Freelance work I am doing is on an online website (for countries all around the world) and I transfer the funds into my bank account each month. No tax is taken off of this by the website, so I wanted to find out how I should go about paying tax, would it be a monthly or y...

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Independent Contractor versus Personal Service Company

  Written by Nicci   Updated 30 March 2022

I'd like to get some clarity on whether there is a difference between an Independent Contractor and a Personal Service Company?

How much should I expect for tax on leave payment?

  Written by Evan   Posted 30 March 2022

Q: How much tax would I pay on my leave payment

Can I get a copy of my IRP5 form online?

  Written by Evan   Updated 30 March 2022

Where else besides from my employer can I obtain an IRP5 form? I no longer have the one I received.

Where to find proof of income tax reference number?

  Written by Nicci   Updated 30 March 2022

I need documented proof of income tax reference number - not IRP 5 or salary slip. Where do I get this? I need this for retirement papers.

How do I see if SARS owes me money?

  Written by Marc   Posted 30 March 2022

How do I see if SARS owes me money?

Calculation of fringe benefit tax on use of a company car. / deduction claim

  Written by Alicia   Updated 30 March 2022

Calculation of fringe benefit tax on a company car. Car owned by the company used for business purposes and a small amount of private (home to work etc) Codes 6020 and 6035 are used. One is for the value of the vehicle and the other is the amount taxable. Does this get added to the taxable income? will code 6035 be the one that contains the taxable portion?

What is a tax residence?

  Written by Nicci   Updated 30 March 2022

What is a residence tax number for South African citizen? I would like to get some more clarification on this because I am not certain whether I am a tax resident in South Africa or whether I am not such.
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