Are you taxed on medical benefits from employer?

  Written by Nicci   Posted 5 April 2016

1. I would like to know if the medical aid contribution benefit from the employer is also taxable?
2. Are you taxed on salary or total earnings?
3. When does the tax period start and end?

How much tax am I going to pay on foreign income?

  Written by Nicci   Posted 5 April 2016

I am earning a monthly income from being a virtual assistant for a company based in the US and earning dollars. It is paid via PayPal and drawn through my bank. This is a second income, not my main form of income. It is part-time work. How much tax am I going to pay?

Must commission earners register for provisional tax?

  Written by Nicci   Posted 5 April 2016

Hi Tim,
I earn a basic salary and a commission. The total commission earned is more than 50% of my total earnings. Do I need to register for provisional tax?

How do i answer the marital status question on SARS eFiling?

  Written by Alicia   Posted 5 April 2016

I got married in Dec 2015, but haven't managed to get a gap to go to Home Affairs to apply for a new ID book/card. This company where I freelance at don't even know that I got married. I tried to tell human resources,
late last year, but the woman said I can just provide them with copy of my new identity document, when I eventually get one. So now, WHAT do you suggest I DO when I log onto SARS e-filing,
Must I click the unmarried box? Or the married box?

Employee tax - earning R 6773.76 per month

  Written by Alicia   Posted 5 April 2016

I have recently employed 8 people, who each earn R5376 basic salary R 1397. 76 overtime allowance per month. When I enter these figures on the payroll system that I'm using, tax is calculated at R 94. 28.... I'm confused - Is this correct? I thought only people earning above R120 000 pa pay tax?

Submission of late Provisional Tax returns

  Written by Nicci   Posted 5 April 2016

I received rental income in 2016 tax year, but didn't pay provisional tax. On my ITA34 I am not registered for Provisional tax, but on my SOA, requested one day later, it states that I am registered for Provisional Tax. What are my options now in order to pay the minimal penalties/interest? Do I rather not submit the late IPR6 tax returns and only specify the rental income when I submit my next Income Tax Return?
Also, how does the fact that I am married in community of property influence ...

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SARS mistake or are refunds done per assessment

  Written by Nicci   Posted 5 April 2016

I was audited and asked to submit supporting docs for logbooks, vehicle ownership/invoices and medical expenses. My assessment was calculated at R49k refund initially. When submitting medical exp I realized I had entered some expenses incorrectly so made changes to the ITR12. This resulted in a refund of R58k. In the new assessment SARS deducted the R49k under source code 4102 in the line "Previous Assessment Results", with net refund of R9k. Will my refund be both assessments ie R59k or are the...

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What percentage is sdl calculated on?

  Written by Nicci   Posted 5 April 2016

What percentage is sdl calculated on?

tax amount payable

  Written by Alicia   Posted 5 April 2016

I am student currently doing my practicals,i am earning R6000 a month. They have deducted R1781. 25 from my salary. I want to know if is this the right amount that I need to pay?

If I have a voluntary RA of R1500 per month, what will my tax refund be

  Written by Alicia   Posted 5 April 2016

If I have a voluntary RA of R1500 per month, how much do I get back?

How do I obtain an ITA34?

  Written by Nicci   Posted 5 April 2016

I need an ITA34 for the last two years for bond application, however, I've not submitted any tax returns due to the fact that I don't fall in the category for submission. How long will this take and is it now a complicated matter?

What is the PAYE on my salary?

  Written by Nicci   Posted 4 April 2016

Tax payer is turning 65 during 2017 tax year end. Employer pays 3% provident fund and employee pays 6% per month. Employer pays 50% of medical aid, employee pays 50%. Cash component is R35,500, provident is R2,136, paid and R1,068 by employer. Medical aid is R3,918 each way. Need to know what tax to be paid per month?

Can I claim from a pension fund that was taxed?

  Written by Nicci   Posted 4 April 2016

I have resigned in 2015 February - am l entitled to claim tax refund on my pension money that was taxed?

Net pay determination

  Written by Alicia   Posted 4 April 2016

If I have a R3000 petrol allowance added to my salary, will the provident fund contribution be deducted as well, e. G. If on 10% contribution, then the net income before tax will be R2700?

Section 10(1)o - Any 12 month period

  Written by Alicia   Posted 4 April 2016

I started a job out of SA on 1 August 2014 and traveled regularly from SA to my place of work out of SA on rotation up until the end of the job on 29 February 2016. For the 12 month period 1 Aug 2014 - 31 July 2015 I exceeded the 183 and 60 day requirements. I therefore claimed my tax exemption on my 2015 tax return (for the income earned during Aug 2014 - Feb 2015). For the period 1 August 2015 to 29 February 2016 I exceeded the 60 day requirement but not the 183 days. However, if I calculate 1...

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How much does an R8000 monthly earner have to be taxed?

  Written by Alicia   Posted 4 April 2016

Morning, in March I was taxed R1600 according to my payslip. I still do not understand why I was taxed so much. I earn R8000 a month & I get paid on the 25th of everything.

Does one pay tax for casual work and if not registered

  Written by Alicia   Posted 4 April 2016

If a person works in a construction company and earns 450.00 per day sometimes full week sometimes short days unpaid and not registered how does he pay tax

Can I claim a tax refund for prior years?

  Written by Nicci   Posted 4 April 2016

I have started working in 2006, but I never claimed a tax refund. Is possible for me to claim for all those years?

Income Protection Policy deduction

  Written by Nicci   Posted 4 April 2016

I have a 'Life cover' policy with Old Mutual that pays out the same value as the assurance value under 'Earning ability cover' section of the policy. Can I claim this as income protection from SARS? Old Mutual has not issued me with a tax certificate for this policy. Many thanks

Must I do a tax return after resigning?

  Written by Nicci   Posted 4 April 2016

I resigned last year - I want to know, must I do tax return this year?

Please clarify if I can get a tax directive and how they work

  Written by Nicci   Posted 4 April 2016

My estimated gross income R670 114. 00
My estimated expenditure R306 081. 00
Estimated taxable income R364 033. 00
Please show me the calculations to get a tax directive of 20%

PAYE on show on payslip, do I still register?

  Written by Nicci   Posted 4 April 2016

My Payslip shows PAYE with amount of tax deducted - do I still need to register to get a tax number.

Section 10(1)o - successive tax years and overlapping 12 month periods

  Written by Nicci   Posted 4 April 2016

Hi Tim,

When working successive years out of SA on a rotation basis (regular travel to and from SA) am I able to overlap my 12 month periods I use when calculating the days worked out of SA?

Section 10(1)o makes mention of the 183 and 60 day periods being part of any 12 month period which may start or end in the financial year in question. There is no mention of not using periods 'twice' ie If I do a 60 day period out of SA in June and July 2015 I could use this sti...

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Tax obligations for Bitcoin trading

  Written by Nicci   Posted 4 April 2016

I intend to purchase Bitcoin internationally and trade locally for ZAR. Do I need to factor in duties and VAT for the purchases, and if so how much will the duties be and I assume VAT will be 14%?

Is leave payout taxable?

  Written by Nicci   Posted 31 March 2016

This is regarding Leave Encashment. Is it taxable in South Africa? If yes, what is the percentage of tax deduction? If it is taxable, how can we get a refund?
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