How much petrol and electricity expenses am I allowed to allocated from my business account

  Written by Marc   Posted 8 March 2016

If have a PTY ltd running a laser cutting business with 2 directors. Petrol and electricity usage is currently paid our of my business.

Return from SARS for tax paid

  Written by Marc   Posted 8 March 2016

Hi. IF I Was not working for 7 months will I get any money from SARS.

I paid too much tax and need clarity?

  Written by Marc   Posted 8 March 2016

If I earn 6500 on a monthly bases why has may tax deduction been over a R1000 during the months of Jan and Feb 2016

When do I file return?

  Written by Marc   Posted 8 March 2016

Hi, I'm trying to figure out when I need to submit my first tax return. I moved to South Africa on 30th January 2015 and started working on 9th February 2015. No other income other than salary from employer. When is my first tax return due please?

Foreign income

  Written by Nicci   Posted 8 March 2016

I am resident in SA for tax purposes I am working in Mozambique and paying 20% tax for non residents. I will be out SA in excess of 183 days. Is this income exempt and will I be able to claim any of the tax paid.

Retrenchment tax & notice pay

  Written by Nicci   Posted 8 March 2016

If your retrenchment package is notice pay that you are required to work out, is it eligible for a tax directive? or is this only applicable to severance of ex-gratia? Does it need to be paid in one lump sum?

Thanks

Refund after how long

  Written by Marc   Posted 7 March 2016

How does it take to receive your refund after you submitted your proof of residents and 3 months bank statement?

Refund from SARS confirmed but not paid yet. How does SARS calculate refund on med expenses?

  Written by Marc   Posted 7 March 2016

I submitted my tax return through SARS eFiling on 20/11/2015 and it was confirmed that I am entitled to a refund but has not been paid yet. I only claimed for expenses listed on my medical aid IRP5 not covered by my medical aid so there was no strange claims made. However, if I remember correctly, the initial tax return after I submitted was the amount for those medical expenses but when I checked the status of that tax return now, It was almost R200 less. This also happened with my 2014 tax return!...

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Resignation benefit

  Written by Marc   Posted 7 March 2016

If I resign from my current employer would I be able to withdraw my pension. I do understand that there are tax implications. Thanks

SARS - my bank account detail change

  Written by Marc   Posted 7 March 2016

I need to change my bank account details with SARS. I work in PTA and live in PE. I went to SARS PE and they saidf I would be in a 4 to 5 hour queue before I could see a consultant. I left. How can I do the bank account change without going in to SARS?

If I have to go to a SARS office can I do this in any city?

If in PTA which SARS office(s) can I use.

Gross income is R8000 how much would I get as my net after tax

  Written by Marc   Posted 7 March 2016

How much would I get as my net income if my gross income is R8000p/m?

PAYE vs Provisional Tax

  Written by Marc   Posted 7 March 2016

I have a permanent job which caters for roughly 65% (660k) of my total gross income the other 35% (335k) is obtained by a business I run. Should I apply for provision tax and should my company be paying PAYE for me or should I be paying two payments as a provisional tax payer? How do I go about this if it is the case?

How much do I get taxed when I get paid R9000 p/m

  Written by Marc   Posted 7 March 2016

How much would I be taxed if I get R9000 a month?

Do I pay SARS if money is in Overseas bank account?

  Written by Nicci   Posted 6 March 2016

I just became a citizen of India. I work online. Payment is received via PayPal. So I do not have a South African employer. If I open an Indian bank account and direct my income into my Indian bank account instead of a South African bank account, can I still pay tax on that money via SARS? Or would I need to pay it via the Indian Tax system?

How long does a SARS audit take?

  Written by Nicci   Posted 6 March 2016

My documents were accepted on the 1st of February. I was told that I needed to submit additional documents. I did as of the 26th of February. How much longer before I receive a tax refund?

How much income tax do I pay on R5000?

  Written by Nicci   Posted 6 March 2016

How much tax will I pay on my salary of R5000?

SARS overpaid me - what can I do now?

  Written by Nicci   Posted 6 March 2016

SARS overpaid me several years ago as part of a bigger payment. I only became aware of this when I went to file the following year and was informed that I owe them a large amount of money. They did not tell me that that I owed them money as a result of overpaying me. I found this out recently on my own. The amount is such that I will never have this money in one place again and the only time I can reasonably hope to pay this back is when I retire with my pension. Now as a result of a mistake th...

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What is the tax rate for pensioners above 72 years with a pension income of R 200 000 per annum?

  Written by Nicci   Posted 6 March 2016

My mother is a pensioner with a pension income of R 200 000 per annum. Is she supposed to pay tax on pension money?

Tax payable on GEPF resignation.

  Written by Nicci   Posted 6 March 2016

If I resign from GEPF what is the tax on R2100000? I started contributing in 1984 for 32 years.

Is SARS using delay tactics to pay out money?

  Written by Nicci   Posted 6 March 2016

I was notified that my assessment was complete and SARS owed me money. 60 working days after the claim, I have been asked for the same supporting documentation required in the first place. Is this a delay tactic to pay up?

How much tax I must pay?

  Written by Nicci   Posted 6 March 2016

I earn R6,188. 80 per month, so I would like to know how much tax money I must pay?

What deductions are allowable against the proceeds for CGT calculation?

  Written by Nicci   Posted 6 March 2016

I need to use the 20% of proceeds method to do my CGT calculation. What are the allowable deductions that I can deduct from the proceeds?

Tax refund delay

  Written by Nicci   Posted 6 March 2016

It's been three to four weeks I submitted my tax returns and promised I'll get my refund but nothing to this day.

Pricing

  Written by Marc   Posted 4 March 2016

Good day. I would like to know how the pricing works? Is it a once off fee for unlimited tax returns? Or is the pricing based on a single tax return?

New PTY (LTD)

  Written by Marc   Posted 4 March 2016

We have recently started a business which has been registered as a PTY. We will be needing tax advice from time to time. Is Ask Tim suitable or should we look at appointing an accountant who specialises in businesses?
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