Incorrect Tax Code

  Written by Neo   Posted 27 March 2017

My employers incorrectly submitted my 2016 tax return with a code of 3601 instead of 3616. I'm a contractor with a fixed term contract and end dates and receive no company benefits. They refuse to submit an EMP601 correction which SARS has asked for, I think they are concerned they will be audited. I am therefore having to pay a tax bill. Is there anything I can do?

Is the Package Correct?

  Written by Neo   Posted 27 March 2017

I'm filling out my 2017 tax return for Individual Return. My income is covered in part by an IRP5, and in part by a foreign deposit. Can I declare both on TaxTim?
I also just bought the TaxTim Ultra package because of the foreign income, but the email says I should only use the voucher on July 1st. Have I bought the wrong product?

Resubmitting A Tax Return

  Written by Neo   Posted 24 March 2017

On my 2016 tax return SARS says that I owe them money. I think that this isn't accurate as I was with a full time employer and I'm sure that they took care of all my tax issues. Is it too late to resubmit a tax return for 2016 via TaxTim?

Overtime Earnings and Tax

  Written by Neo   Posted 24 March 2017

I work for a well established company I earn approximately R4163.00 per month. When I work overtime, lets say, for R700.00 they tax it all. Why do they do that because I earn a small salary?

Forgot to submit travel details

  Written by Neo   Posted 24 March 2017

I have submitted my tax return, but I forgot to include the details for my travel allowance (3702), i.e. vehicle details and logbook details. An ITA34 was issued. How do I submit a revised tax return?

Assistance with Company Tax Submissions

  Written by Neo   Posted 23 March 2017

I would like to know if you assist with company tax submissions as well as employee UIF/Tax/PAYE? We need to do our fist tax returns and staff UIF etc

IRP5 submission dates

  Written by Neo   Posted 22 March 2017

When must the IRP5 be submitted this year?

Set-off: Tax loss of different trades

  Written by Neo   Posted 22 March 2017

As an individual can I set-off a trade loss from a trade (such as a coffee shop, which I am trading as a sole proprietor, 1st year of trading) against my other taxable income being a salary and rental income.

Why Register for an Income Tax Number

  Written by Neo   Posted 20 March 2017

I earn R6000.00 a month. My employer told me that everybody has to register and have a tax number, regardless if you earn under the threshold and don't pay tax. What's the reason that we all have to register for an income tax number, is this correct?

Claiming at SARS

  Written by Neo   Posted 20 March 2017

My mom was working as a teacher at ABET school. May I go to SARS and claim her tax money?

Tax for a Contractor working from home

  Written by Neo   Posted 17 March 2017

We have a contractor that's working from home. He primarily does work for our company. How does tax work, do we need to submit an IRP5? We've been paying him directly without deducting any PAYE or TAX

Living in Namibia, but working for a company in SA.

  Written by Neo   Posted 17 March 2017

I live in Namibia, but work for a South African company.
I'm a South African citizen. Under the new changes brought in with the budget, how will my tax work? I'm still working for the same company (I have been working for 7 years in total).

Provident Fund Payout

  Written by Neo   Posted 16 March 2017

I cashed out my Provident Fund when I left my previous employer, I was there for just under 2 years. I paid a higher tax as the first R25000.00 subject to the tax rule of: 18% of lump sum exceeding R25000.00
The financial services company explained that because several years ago I cashed out a portion of my provident fund historically, I don't qualify for the tax exclusion. Is this correct?

Retirement Annuity Premiums

  Written by Neo   Posted 14 March 2017

How's Tax calculated on a monthly bonus?

  Written by Neo   Posted 28 February 2017

I'm entitled to a monthly bonus. Our salary is split into salary (75%) and monthly bonus (25%). So my salary advice states salary and monthly bonus. How is tax calculated on a monthly bonus? How does it affect the tax calculation on the additional yearly bonus?

How to enter a severance payment in my provisional tax return?

  Written by Neo   Posted 28 February 2017

I'm doing my provisional tax return and received a severance payments during the year as part of a voluntary retrenchment. My employer applied for a tax directive which was successful and I received the lump sum pay-out with the tax benefits associated on the sliding scale. How do I deal with this in my provisional tax return? If I enter the severance payment gross amount, the SARS eFiling system calculates taxes on it using the normal tax tables (it gets calculated at the highest marginal rate...

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Can my company add rental car fuel to my car allowance?

  Written by Alicia   Posted 28 February 2017

If I have a car allowance and on occasion I am required to use a rental for business travel after flying to a far destination, can my company add this fuel cost to my car allowance and withhold taxes on fuel used in the rental vehicle

Will the reason given on a tax directive affect SARS's decision?

  Written by Alicia   Posted 24 February 2017

Will the reason given on a tax directive affect SARS's decision; if the severance benefit is being paid out as a result of a voluntary settlement between employee and employer, is SARS less likely to grant the directive?

We earn little so should we be taxed?

  Written by Alicia   Posted 23 February 2017

I work for a small company and all of us earn salaries ranging from R3 000 to R4 500 and only the owner earns R25 000. So now the company wants to register for PAYE and UIF. So after reading through most of your articles and many other ones online I discovered there is a minimum amount per year that you have to earn and none of us reach that amount except for the owner. So does this means that the company can register for all those but not deduct anything from the rest of us but himself?

How will tax work on my bank account with other peoples money in it?

  Written by Alicia   Posted 21 February 2017

Me and five members of my family want to start investing. Before the profits will be paid out the company that does the investments does the tax part on it and then pay us the profits. What I want to know is, if they pay the family members profit into my bank account with my profit will there be any problems with tax on my side because all the money is going to my account. The company will send each of us an IRP5 at the end of the season so that each of us can fill in our tax return.

Getting paid in dollars

  Written by Alicia   Posted 20 February 2017

Hi, I am working for an overseas startup. I get paid in dollars. For the last six months I have been getting $500 a month. Starting this month I will be getting incentives as well. It is below the salary for tax but I'm not sure how it works with an overseas company?

Is this allowed by SARS?

  Written by Alicia   Posted 20 February 2017

Can I contribute 27.5 of my income to a pension even if my employer only allows me to contribute 10% through them to our work pension fund?

Tax on CCMA settlement

  Written by Alicia   Posted 17 February 2017

I am about to receive a CCMA settlement and was told by my previously employer that I will be taxed on it, is this right as this will be my first income after 8 months of fighting for it?

Are foreign students required to pay tax on their earnings for part-time work?

  Written by Alicia   Posted 17 February 2017

My son is a foreign student studying for his degree at a South African University. He has a valid Study visa and is permitted under this visa to work 20 hours per week. His employer wants to pay him a salary of R10,000 per month. Firstly does my son have to pay tax on this and if so, how does he register with SARS without a SA Identity document?

Do I need to file old returns to obtain refund, even if I fell below the tax filing threshold?

  Written by Alicia   Posted 17 February 2017

SARS want to me file all my previous tax returns in order to receive my refund for this year. In 2011 I tutored at a university and earned below the tax filing threshold and therefore did not file my tax return. How do I file my tax return now for 2012 or how do I show SARS that I didn't need to?
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