What will my refund be?

  Written by Marc   Posted 15 February 2015

How much should I expect to receive from SARS as a refund?

Should student register as a taxpayer

  Written by Marc   Posted 13 February 2015

Hi Tim,

My daughter is an Arts student and occasionally (2-3 times per year) does Poetry performances, for which she is usually paid in cash. She recently performed at a theater, and the theater company now wants her to register as a taxpayer in order for them to pay her. According to them, in November of 2014, a new law was passed requiring everyone that earns income to register as a taxpayer. Her total earning from the few performances she does for the year would hardly be in excess...

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Self-employed and Commission Earnings Tax?

  Written by Marc   Posted 11 February 2015

I will be starting a new job where I will be working on a contract basis and invoice the company each month for my hours worked to receive payment. How much will I be taxed? 25%?

Also I might start earning commission a few months down the line, how much tax am I charged on commission?

Thank you in advance for the help!

Tax calculation on cost to company package of R 988 152

  Written by Marc   Posted 9 February 2015

I am 43 and I earn per month a gross of R71 805, with a contribution of R3705. 15 as my contribution towards my pension. I have made provision for payment of my bonus as at my birth date which is 03 August of every year with the option the tax thereof recurring. What should be take home after tax, put differently, what should I be contributing as my tax on a monthly basis?

I started with my new employer on 01 October 2014, does a start date have an effect on my tax contributions, if s...

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Homeloan interest payments or the whole repayment

  Written by Marc   Posted 8 February 2015

SARS have asked me to take a look at my 2014 return and to correct any "errors" that I find. I receive property rental income. I have a bond on that property. Should I list the interest portion of my bond repayments under "interest" and am I able to claim the balance of the repayments under other? I seem to have entered those figures incorrectly, which may be what is bothering SARS.

Tax rebate when earning below R50 000 for past financial year?

  Written by Marc   Posted 7 February 2015

I only started working in January this year and earn below R50 000 for the months of January and February, can I get a tax rebate?

Provisional tax period for declaring a secondary property sale.

  Written by Marc   Posted 7 February 2015

I sold a secondary property in January 2015. The registration into the new owner's name will only go through in April/May and therefore the payout of the profit to myself. As a provisional taxpayer, my question is do I declare this transaction on my provisional tax return at the end of Feb 2015 (in the period the transaction was done) or in my August 2015 provisional tax return (in the period the transfer of ownership was done and payment received)?

Reference number for EFF payment?

  Written by Marc   Posted 5 February 2015

I completed my return and received assessment showing that I owe SARS money. I'm trying to pay via EFT (internet banking) using my tax number as the payment reference, but am receiving an error message saying the format of the payment reference number is incorrect. What payment reference number / format should I be using?

Commission less than 50%. Can I claim expenses?

  Written by Marc   Posted 4 February 2015

Hi. I earn a salary and commission. Last year my commission was lower than my salary. My consultant has claimed for expenses. Will this be allowed. I entertain clients allot, I use my car for mainly work purposes. My cellphone bill is mostly for work I have a home office. I spend allot of money to get commission. I have 3606 on my irp5

What is a personal income tax assurance audit?

  Written by Marc   Posted 2 February 2015

What is a personal income tax assurance audit? Does this mean they are auditing more than one year?

Addional income from Mauritius - where do I include this on my return?

  Written by Marc   Posted 2 February 2015

I am employed in South Africa, and I am a South African tax resident. I have the opportunity to do work for a Mauritius company. Essentially I will be on a South African company's payroll as well as a Mauritius company's payroll. I will be spending less than 60 consecutive days in Mauritius so I will remain a South African tax resident. How will my additional income from Mauritius be taxed? Will I have to pay PAYE in Mauritius and pay tax again when I submit my return to SARS?
I have heard ...

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How to submit tax for freelance work

  Written by Marc   Posted 2 February 2015

I have been freelancing for 8 months now and have generated some income. How do I submit my tax return for these cash deposits? They are all different amounts from different clients. I obviously do not have an IRP5 as these were cash based payments.

Why do SARS do second audits?

  Written by Marc   Posted 31 January 2015

SARS say they are doing a second random audit that doesn't appear on my statement of account. What is a second audit that SARS is referring to and why does it take so long to refund me?

Can a creditor claim my income tax refund?

  Written by Marc   Posted 31 January 2015

Can one or more of my creditors claim my income tax refund from SARS?

How to calc and when to pay CGT on a once off payment?

  Written by Marc   Posted 28 January 2015

received a once off payment in June 2014 from a trust and my company asked Phillipp Haut for an opinion on how it should be taxed. His response was
What is certain though, are the following:
1. The beneficiary must disclose the capital gain in his or her tax return. 2. This involves showing the relevant portion of the trust?%u20AC%u2122s proceeds and base cost of the shares. 3. No employees?%u20AC%u2122 tax needs to be withheld. 4. The capital gain must be taken into account in the employee?%u20AC%u2122s second provisional tax return for the year in which the gain is distributed to him or her. My questions are:...

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Offshore Tax working for SA company

  Written by Marc   Posted 28 January 2015

I work offshore for a SA company and as such have monthly tax deductions. I have been out the country for more than 183 days of which 105 days were consecutive. Do I qualify for tax exemption and able to claim my tax back?

IT88 definition?

  Written by Marc   Posted 28 January 2015

Please give the definition of IT88 and how it arises?

Tax refund on inheritance

  Written by Marc   Posted 28 January 2015

My partner inherited some money (from policies and investments) over the last financial year and paid a lot of tax on the payments. My question is, because he is not employed, can he claim any of the tax back?

Tax refund for medical expenses paid from my own pocket?

  Written by Marc   Posted 27 January 2015

My husband pays the medical aid contribuions but I have paid 107000 to medical practitioners for operations that I have had in 2014 how much would I be able to claim on my tax return I have all the proof of payments made

S10(1)(o)(ii) - does all the time out of SA need to be spent actually working?

  Written by Marc   Posted 25 January 2015

I am a freelancer, and last year I spent 248 days out of SA, in three blocks (including one block of more than 60 days). During some of this time out of the country, I did some contract work - two jobs for two different foreign companies, and one job for a South African company. But I spent much of the time not actually working, but travelling/holidaying. Of the 248 days, only 97 were spent on work contracts. So I just want to clarify whether the income I earned on those three contract jobs is t...

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Is it mandatory to file every NOO that you request on eFiling?

  Written by Marc   Posted 23 January 2015

How do you delete/cancel a Notice of Objection that you have requested on eFiling when you realise SARS have actually been right in their assessment. This is before filing the NOO.

How would an individuals tax be calculated if he/she earns a basic salary plus a commission per year

  Written by Marc   Posted 22 January 2015

Does an individual taxpayer pay any PAYE on commission earned?

Why so much Tax? (SARS fortmonthly, PAYE, Personal Provisional Tax & Business Provisional Tax)

  Written by Marc   Posted 19 January 2015

My husband owns a company and has been instructed by his Financial Service Provider to make 2 separate payments for Provisional Tax, One payment for Personal Provisional Tax & Business Provisional Tax, Why are we liable to so make so many payments to SARS. As it is we pay Tax every 2 months as well as PAYE?

Tax payment for over 65 years?

  Written by Marc   Posted 18 January 2015

I am 65 years old married in community of property, I receive a monthly annuity of R5,000, I also receive interest from fixed deposits of R16,000 per month, what would my tax payment per annum be.

How to claim for a "Tax Credit" due to changing jobs?

  Written by Marc   Posted 14 January 2015

I was permanently employed at my previous employer for 8 years. I am with my current employer for 10 months now and have been retrenched. I was fortunate enough to find employment beginning immediately after my retrenchment.

My current earnings are R12k and will be the same at my next employment. How do I go about claiming for a tax credit ( changing jobs makes me applicable from what I've researched)? How do I do my next tax returns with two employer tax certificates (I think it's c...

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