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Latest Posts in Tax Q&A

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

  Written by Marc  

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

PAYE vs Provisional Tax

  Written by Marc  

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  

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  

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  

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  

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

SARS overpaid me - what can I do now?

  Written by Nicci  

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  

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  

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  

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  

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  

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  

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  

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  

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?

Am receiving a divorce pension settlement of R 200,000.00, what tax will be payable on this?

  Written by Marc  

I am receiving a divorce pension settlement of R 200,000. 00, what tax will be payable on this?

What is an IRP5 and what documents do I need to submit a tax return?

  Written by Marc  

What is an IRP5? I worked last year for seven months and my salary before tax was R16777. I have never submitted a tax return before and am pretty sure I am under the threshold but I want a refund, but have no idea what to do. I didn't receive medical aid or any benefits. Please help.

All the tax etc I must pay on the R95000 from my unnity

  Written by Marc  

I want to cash in my Retirement uinity policy Why is it neccesary to give my annual gross numeration
on the form I am 58 years old My policy amount is R95000 How much tax etc, must I pay over to SARS
Thank you

Need to know about my taxable earning

  Written by Marc  

I need to know if I do have tax money. I'm not working any more. What must I do to get my taxable earning?

Providend fund CC contribution

  Written by Marc  

How does company benefits work when a company deducts providend fund form your salary? Do they contribute a percentage with the employee or does the employee pay 100%?

Old tax certificate

  Written by Marc  

How can I get my tax certificate for the period of 2010-2011. I am no longer in a medical scheme

Do I charge VAT as an SA company to my foreign client for advertising on a local magazine

  Written by Marc  

Do I charge VAT as an SA company to my foreign client for advertising on a local magazine, and the magazine is being circulated in SA?

Tax on medical aid paid by the employer

  Written by Nicci  

If a company pays medical aid on behalf of an employee, what are the tax implications on both the employer and employee?

How do I complete my provisional income tax form

  Written by Marc  

How do I complete my provisional tax form

How to deal with long overdue tax returns

  Written by Nicci  

I am a B&B owner and have not submitted tax returns for about 6 years.. What should I do? I also had a job last year for extra income, how will this be treated by SARS as I am a sole proprietor.
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