Tax on Employee and Employer Retirement Fund Contributions

  Written by Marc   Posted 16 March 2016

Regarding the new tax law on Employee contributions to retirement funds, is it correct to say that from the 1 March the employee portion of 7,5% and the employer portion of 8% must be included in the employee's gross salary and then taxed as a fringe benefit? We were wondering what suggestions you have of how this would appear on the employee's salary slip eg. Gross salary (incl total provident fund %) less Paye, less fringe benefit tax, less Uif? We are really battling to find anyone who knows...

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I owe SARS money I can't afford

  Written by Marc   Posted 15 March 2016

I am unemployed at the moment and am the sole breadwinner in the household. I owe SARS money but due to financial constraints, money is extremely tight. I see SARS has debited my account with money R6500 owing to them which has crippled me financially that I can't buy food for my family. I will pay them when I employed but has just added extra financial burden.

Tax deduction on bonus

  Written by Marc   Posted 15 March 2016

What percentage is taken from my incentive bonus of every three months.

Calculate my tax when I fund my own retirement annuity and the company pays half my Provident fund

  Written by Marc   Posted 15 March 2016

How can you calculate your tax when you have a voluntry retirement annuity and a compulsary Provident fund

Whose details go onto section 5 and 6 of CRA01 form?

  Written by Nicci   Posted 14 March 2016

On the CRA01 form, whose details go onto section 5 and 6 of the form? Mine or companies details? I am asking because this is a confirmation for business adress and on section 5 it requires that I put a tax number so I don't know whether to write my personal or business tax number.

Can a non-South African passport holder register for efiling?

  Written by Nicci   Posted 14 March 2016

Can a non-south African passport holder register for SARS eFiling?

Can SARS pay into a call account?

  Written by Nicci   Posted 14 March 2016

I am emigrating and have gone to SARS to change my banking details. The new account is a call account which I am using to transfer my money overseas. SARS have verified this account. (Bidvest Call Account). My friend said that as far as he know SARS will not pay into the call account when it comes time to paying. Is this true?

How do I submit nil returns?

  Written by Nicci   Posted 14 March 2016

How do I submit a nil tax return to SARS? I lived in Qatar for 6 years and need to submit tax returns for that time.

Small business related tax

  Written by Marc   Posted 14 March 2016

I run a very small business from home. I have paid an accountant to do my financial statements for the 2015 financial year. Is there perhaps a online tutorial for filing my business' (registered as a pty) tax for that financial year.

How to calculate total for 4150

  Written by Marc   Posted 14 March 2016

How to calculate total in source code 4150 when completing IT3 a certificate

Employing a relative

  Written by Marc   Posted 14 March 2016

I pay provisional tax and have 2 contractors to whom I pay FEES (commission) on sales leads that they generate for me. My question is: I wish to use the services of my daughter-in-law (same surname as mine) in a similar capacity so will SARS see this as shifting my tax burden to avoid a higher bracket or will I be allowed to book this family member as a legitimate earner in her own right?
I would maintain a payments register and her fees would be paid over periodically to her banking accou...

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How do I calculate pension tax deduction

  Written by Marc   Posted 14 March 2016

How do I calculate the amount of pension that can be deducted when calculating taxable income?

Do you get an ITA34 when you submit provisional tax returns

  Written by Marc   Posted 14 March 2016

Do you get an ITA34 when you submit provisional tax returns manually. All I have is my provisional
Return I completed at SARS office stamped by them.

Is an IRP5 form still valid after 6 years?

  Written by Marc   Posted 14 March 2016

Is an IRP5 form still valid after 6 years? I was suppose to claim in 2010 but I was still naive.

Medical practice tax return and deductions

  Written by Marc   Posted 14 March 2016

If you have a sole proprietorship, a medical practice that provides wound care for patients at home. There is only two employees. The owner (the nurse that does the wound care) and one person doing the financials and administration. The business is not registered, but the nurse has a practice number. How would you submit the tax return (as personal tax return/business?) and what deductions could you claim?

Refund audit

  Written by Marc   Posted 14 March 2016

I would just like to know is a refund audit quicker than the 60 days SARS gives themselves? I was audited and requested to send supporting documents the audit was complete and when I called in the call centre agent said all audits have been complete, it is now at the refund department and they give themselves another 60 working days to pay out. So my question is are they normally quicker when it comes to this 60 working days?

Amounts included in calculation annuity fund deduction

  Written by Marc   Posted 14 March 2016

I am retired and receive a monthly pension which is subject to tax. I make no contributions to a pension fund since I retired. I still contribute to a retirement annuity fund monthly. Do I include the total pension received together with investment tax returns for the year to determine the maximum amount allowed for annuity fund deduction

Travel allowance exceeding 8000km

  Written by Nicci   Posted 14 March 2016

How is the travel allowance taxed if you do not receive a car allowance, use personal vehicle and exceed 8000km for business travel? Company pays the standard rate per km, and no other allowance is received in respect of travel.

Pension pay out after retrenchment

  Written by Nicci   Posted 14 March 2016

If my pension fund is at R1 500 000, and I am being retrenched, how much of my pension fund will I take home if I elect to have it paid out?

How to claim tax back on a provident fund?

  Written by Nicci   Posted 14 March 2016

How to claim provident fund tax back

What should be the deduction on R25,000 pm?

  Written by Nicci   Posted 14 March 2016

Is it correct to deduct 25% tax on an employee pay say if he earns R25000-00 per month?

Which year do I declare CGT on property sale?

  Written by Nicci   Posted 11 March 2016

If the date of sale and the registration of that same property fall under two different tax years, which is the year applicable for submission of the tax return to SARS?

New tax law on pension funds

  Written by Nicci   Posted 11 March 2016

How will I be taxed according to the new pension fund law? Salary R27,000 House subsidy R700 travel allowance R10,735 Alexander Forbes Provident Fund R2,077 Company contributes R5,004
New tax law 27. 5% pension rebate -Interpretation there of My contribution R2077 only or 2077 5004=R7081

Tax clearance certificates

  Written by Nicci   Posted 11 March 2016

Do I need a tax clearance certificate if I go sailing out of South Africa for a few years? I do have a property in South Africa

Tax number for late father

  Written by Nicci   Posted 11 March 2016

I'm asking for my late father's tax number?
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