Turn 65 during tax year

  Written by Marc   Posted 11 March 2016

I have a morning position at a retirement village. I turn 65 during during this tax year, in November 2016. When do I stop paying tax?
Kind regards
Mrs H. Van der Westhuizen

What other documents are required besides submitting an affidavit?

  Written by Marc   Posted 11 March 2016

I worked for a company for one day and I haven't tax returned due to personal circumstances in 2014. I have been unemployed ever since. SARS is requesting I think an ITR12 / IRP5. I cannot submit either of these documents. What do I do besides get an affidavit?

Should I register as a provisional taxpayer for freelance work even if I have a contract position?

  Written by Marc   Posted 11 March 2016

I have a contract with an employer for a minimum of 40 hours per month from April 2016-September 2016. They should be paying tax for me on this. I will likely be doing some other freelance work during this time (and for the remainder of the tax year). Will I have to register as a provisional taxpayer for the freelance work? And as a provisional taxpayer, when do I need to register for the 2017 tax year, and will I only have to pay tax twice per tax year, or still a PAYE amount per month?

How much tax to pay from R120 000 investment?

  Written by Nicci   Posted 11 March 2016

How much am I supposed to pay to tax man when I withdraw from an investment my mother left me

What amount will be tax free if I withdraw out of this fund now?

  Written by Nicci   Posted 11 March 2016

My wife passed away 27/12/2015. She did receive on retirement 25/02/2010 lump sum of R 378 634. Tax free portion R300 000 and balance was taxed. 2/3 invested into retirement fund.

What is the Income Tax Payable on a Rental Income of R8,000.00 a month from Feb 2016?

  Written by Nicci   Posted 11 March 2016

I am a 59 yr old Male earning an annuity of R19,000. 00 per month and and an Income of R8,000. 00 a month form the property rental.

After verifying bank details how long does our refund take to be paid to us?

  Written by Nicci   Posted 10 March 2016

We were audited this last financial year. Everything was fine and we are due a refund but now they needed to FICA us again. We have done this but now they say the refund can take 3 months. Looking at a document we were given this morning, they have registered us as new taxpayers but we are not. For the last 20 years the refunds were always paid into the account on their records.

Tax on bonus from my employer

  Written by Marc   Posted 10 March 2016

Hi, can you please clarify if there is a specific tax rate percentage charged on BONUS PAYMENTS by employers? Last year it seemed to be exactly 36% that was deducted for tax, this year (to Feb 2017) I'm not sure what rate is applied.

SARS and Sequestration

  Written by Nicci   Posted 9 March 2016

If a person is sequestrated, then the person gets a new tax number. How come E-Filing still has the old details of which I had to change it myself to the new tax number. What happens to the old tax returns on the old tax number. How come I get audited every time after sequestration and sometimes I have to pay in even after I over deducted PAYE the one year?
If I submit at the branch will SARS look at the e-filing and say I did not submit?
I have submitted all the documents and how can SARS ask for more docs that I don't have....

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What does "outstanding tax directive" message mean?

  Written by Nicci   Posted 9 March 2016

"Please note that your tax return cannot be processed immediately due to an outstanding Tax Directive. Therefore, manual intervention is required. SARS will advise you as soon as your tax return has been assessed" this is what my SARS eFiling tax summary has been saying from the 28/01/2016. What does this mean?

How do I clear an outstanding old tax return?

  Written by Nicci   Posted 9 March 2016

During 2012 I did not submit a tax return on SARS eFiling as I earned less than the threshold. Now 4 years later the tax return is still showing as outstanding? Is there a way to clear this?

What is the definition of taxable income in pension fund deduction calculation?

  Written by Nicci   Posted 9 March 2016

Does taxable income include all earnings to calculate pension rebate or is it only your basic salary?

What are these company returns for?

  Written by Nicci   Posted 9 March 2016

What are the following forms for:

IT34
IT14
IRP5
IRP6
IT12

Can I use my personal car for work and ask for a travel allowance?

  Written by Nicci   Posted 9 March 2016

Can you use your own car (double cab ) for your work ( not your business) and ask for a travel allowance?

Capital gains tax on primary residence

  Written by Nicci   Posted 9 March 2016

I want to proceed with Tax Tim to complete my tax return for 2015 as it seems I have a penalty of R 1215. My question is, my tax practitioner did not complete my last tax return and I have managed to gain control of my SARS eFiling and changed my status from a Provisional Tax Payer to Ordinary Tax Payer, do I submit my tax return as a Provisional or Personal Tax Payer. I did not work in 2015, sold my jointly owned property in JHB, moved to CT and bought another property from the proceeds. I have...

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How long should the audit verification take?

  Written by Nicci   Posted 9 March 2016

Submitted verification documents for 2015 tax return on 9 January 2016. No completion letter or anything further from SARS since then. I understood that the verification process should be completed within 21 working days? In previous years, refund was normally finalised and paid by end January.

Special block on tax refund

  Written by Nicci   Posted 9 March 2016

I would like to know is its unusual for SARS to take more then a year to pay out tax refund? And how common is it that after the payout into my bank account does SARS recall the payout?

Outstanding tax returns and arrears for commission earner

  Written by Nicci   Posted 9 March 2016

I have outstanding tax returns for 2012/2014/2015 and the subsequent penalties outstanding PLUS an arrears amount of just short of R20 000. I am registered for e-filing but find expenses I can claim for and their relevant codes very confusing so have saved the tax returns without any expenses claimed. I am a commission only earner in property sales and have IRP5's for the relevant periods. I have not kept a log book for petrol and kms but have slips for petrol, car expenses, data costs, client ...

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Is goodwill always capital in nature?

  Written by Nicci   Posted 9 March 2016

Is goodwill always capital in nature?

Tax on commission paid to 3rd party

  Written by Nicci   Posted 9 March 2016

We for example pay a 3rd party whom can either be a business or individual an incentive/commission to generate more business. So for example, if I go to a dealership and ask them that if they sell a car and they use our product with the car they sell, I will give them R200 per deal they do as an incentive/commission. So they are not employed by us. Do we need to tax them first? Or do they just need to send us an invoice or what is the correct process to follow? Thank you!

I require information on turnover tax requirements.

  Written by Nicci   Posted 9 March 2016

I am starting a small business and was looking at turnover tax as an option. The manual turnover will be under 300k. Do I need to register or is it only a requirement if you are earning over the allowed amount. Is turnover tax after expenses or on the total amount paid into the company bank account.

What is my tax refund?

  Written by Nicci   Posted 9 March 2016

What is my tax refund amount?

PAYE penalty calculation

  Written by Nicci   Posted 9 March 2016

How do I calculate interest on penalty for PAYE? the amount is R1,856.18 and it is 2 days late.

How can I get my tax number from SARS?

  Written by Marc   Posted 9 March 2016

I'm not sure if I am registered for tax therefore I don't know my tax number, how do I make sure that I am registered so that I can get a tax number?

Retirement fund payout question

  Written by Marc   Posted 9 March 2016

I have received a payment for a retirement claim from my retirement company. I want to confirm if the tax I have paid is correct. The payout is reflected under code 3915 and 3698 on my IRP5. The tax is reflected under code 4115 as PAYE. When I submit my annual tax return- will I be expected to pay in an amount as additional tax?

The current calculated tax amount (which was withheld from payment) was very low. So my question is - is that low tax correct- and would I be expected to pay ...

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