How much tax to pay new employee

  Written by Evan   Posted 15 September 2015

I'm starting a small business, if I pay an employee R15000 monthly, will he need to get SARS registered and how much tax will be deducted? It is only UIF he is registered for.

Only worked two months of the tax year.

  Written by Marc   Posted 15 September 2015

I started work in January 2015 and my tax was based on an annual salary however as of February 2015 technically I had only earned 2 months salary and not the full years salary. Would I be correct in saying that I should be refunded the tax I paid in January and February?

Audit/Verification duration

  Written by Marc   Posted 15 September 2015

Hi, I submitted my 2015 tax return and was selected for audit/verification. The supporting documents were uploaded on the same day (15/08/2015) I am not due for a refund, in fact I had to pay in a small amount, also paid on 15/08/2015. I have not heard anything back from SARS. How long does this normally take?

If I earn between R1000 and R1500 how much tax will I be charged?

  Written by Evan   Posted 14 September 2015

Hello TaxTim, I'm planning on becoming a tutor at a university that I'm currently at and they told me they need my tax number. I'm not sure exactly how much I'd earn, however I've been told it is not much; actually something like R1000-R1500 per month depending on the module. Would I be expected to pay tax, if yes please kindly tell me how much?

What must I do when they require me to file last years tax return? This year was my first filing

  Written by Marc   Posted 14 September 2015

This was the first year I've filed a tax return. But I have paying tax via my salary for 4 years. Main reason I haven't filed in the past was because I was told on my salary amount, it was not required. After filing this year I was awarded a refund of R2300 odd. Having been waiting a while for them to pay the money to my accounts. I decided to give them a call and ask what the hold up was. They say they require me to file my tax return for the previous year for them to proceed?

What d...

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Is donations tax not double taxing?

  Written by Marc   Posted 14 September 2015

Hi, I am not sure about donations tax, why do I need to pay tax on donations I make if I have already paid income tax on this money? The way I see it this is double taxing? do I understand this correctly?
I pay 40% tax on my income and now when I want to give someone more than R 100 000 for whatever reason I now have to pay an additional 20% of tax on that as well? do I understand this correctly?

When and why must I do efiling?

  Written by Evan   Posted 14 September 2015

My employer does deduct monthly tax from my salary. My income is not more than R250000 a year. I have no other income that I earned or interest rates or dividends I earned. Do I still have to do SARS eFiling? Thank you

If my parents medical aid is paid from my bank account how can I include them in my return.

  Written by Marc   Posted 14 September 2015

If my parents medical aid is paid from my bank account how can I include them in my tax return?

How is tax on share options calculated after death?

  Written by Marc   Posted 14 September 2015

My dad passed away in Aug 2013 and had a bunch of share options that went into his estate. We sold the share options in Dec 2014, and the estate was wound up and distributed in Feb 2015. However, they taxed the share sale at the maximum tax rate. Should the share sale go into the 2013/2014 tax year when he died, or should it be in 2014/2015 as that's when the sale was actually made? Basically, I want to check if we can claim back the tax paid as it was his only earning in 2014/2015.

What happens after receiving your ITSA?

  Written by Marc   Posted 14 September 2015

I received my Statement of Account/ITSA 5 days ago, and it's a negative amount. I presume that means I am due for a refund. What's the process after that? Do I wait to receive something else or the refund will be paid?

They said amount to you is R0.00. What is the 1st payment and 2nd payment for?

  Written by Evan   Posted 14 September 2015

I have submitted my IRP5 in my tax return to SARS. I received this message:

Amount R0. 00 due to you. Date of payment: 1st date 2015-10-01 and 2nd 2015-10-31.

What does it mean?

Tax claim for estate agent NQF training books and exams

  Written by Evan   Posted 14 September 2015

I am working as a full time employee at an Estate Agency firm. We were forced to do certain NQF Level training that I had to pay for myself otherwise I could not register as a full status agent at the EAAB. Although I do admin work in the Estate Agency firm, I still need to have this qualification. Can I claim the books and exam fees from SARS?

Annuity Fund contributions claim

  Written by Evan   Posted 14 September 2015

When you have an Annuity (Retirement Fund), where does this fall regarding claiming from SARS?
This is a fund that we pay ourselves as my husbands employers does not have a retirement fund / plan we can use.

Tax Directive for CCMA Settlement

  Written by Marc   Posted 11 September 2015

I got paid out by my previous employer after a CCMA settlement in excess of R170 000. How do I know if they requested a tax directive for this and is it required?

Increase of salary?

  Written by Marc   Posted 10 September 2015

What will my salary be before deductions, if I receive a 8 % increase?

Was the wrong amount deducted

  Written by Marc   Posted 10 September 2015

How do I calculate pension tax deduction after I received my money for 2011 according to SARS I owe them. The amount was R144817. 27 they deduct 21687. 285

What is member's share of claims paid/

  Written by Marc   Posted 10 September 2015

On the medical Aid Certificate, what is member's share of claims paid?

CPT payment on money held for 3rd party.

  Written by Marc   Posted 9 September 2015

I have a parent whom gave me money a couple of years back to place in an investment in my name. Recently the entire investment was cashed out and transferred back to said parent. I now have been issued with and IT3(c) reflecting this. My questions are as follows:

1) Though it is not stated on the IT3(c), do I need to pay CPT on the proceeds (SARS code 4205)?
2) If I need to pay CPT, as this money did not belong to me (though the investment was in my name, I did not derive any benefit from it), is there a way in which the CPT can reflect against the party whom the money belonged to?...

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Travel claim to client site

  Written by Marc   Posted 9 September 2015

As a consultant on a salary with a car allowance (3701) onsite 18 of every 20 days, can I claim travel to the client's place of business?

Dependant / de-register / required to fill in a tax form if no longer earning a taxable income

  Written by Evan   Posted 9 September 2015

I am married and a registered tax payer, no longer earning a taxable income. Do I need to de-register as a tax payer and if not, do I need to submit a tax return?
Can I add my medical expenses to my husband's tax return as a 'dependant' (we do not contribute to a medical aid scheme)?

Vehicle expenses for business

  Written by Marc   Posted 9 September 2015

When I was a sole proprietor, taxed under my own name, if I drove somewhere on business-related matters, I used my own vehicle. I then claimed those business kilometres as a proportion of the total expenses and depreciation on my vehicle over the course of the tax year. Now I have a (registered) private company - can I still follow the same process, and claim the travel expenses as a tax deduction for my BUSINESS? If not, what are the options for me?

Help! SARS has just informed that I need to submit a 2008 Tax Return

  Written by Evan   Posted 8 September 2015

Good day,

Over the past three weeks, I have been in contact with SARS telephonically regarding a refund due to me for the 2015 Tax Year. I have just been informed that SARS has upgraded their system and I now need to submit a Tax Return for 2008 before they will pay the refund. In 2007, I was employed on a part time basis as a tutor whilst I was in my final year of study at University. After graduating in 2007, I started to work on a full time basis at a company from 1 January 2008. I...

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Tax Deduction on learnership remuneration

  Written by Marc   Posted 8 September 2015

In addition to the tax deductions that a company can claim for entering into a learnership and completing the learnership, can the company also claim a tax deduction on the remuneration of the learner?

Medical contribution not showing on TaxTim calculator result.

  Written by Marc   Posted 7 September 2015

On your tax calculator, I have filled in my details, and filled in my medical aid contribution paid by myself for the full year. The amount it calculates is not what I expected, as with the calculation at the bottom of the results, my medical contributions are not taken into account to calculate the result amount. Why are my medical contributions not taken into account when calculating my tax return?

People who are still on probation pay tax?

  Written by Evan   Posted 7 September 2015

I'm still on probation for 3 months. Should I pay tax?
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