Does receiving a car allowance when l have a car bought cash have impacts on my tax?

  Written by Evan   Posted 2 February 2016

I bought a car cash before getting my current job. I receive a car allowance at my current job and am not willing to change my car anytime soon. Is that an issue with SARS? Is that going to affect my tax, if so how?

Tax on Life Insurance savings benefit pay out

  Written by Marc   Posted 2 February 2016

I have a life insurance policy which I need to cancel. The policy includes a savings benefit which will be paid out to me upon cancellation. Will I pay tax on this amount and if so at what rate?

So I can find my existing tax number via contact?

  Written by Marc   Posted 2 February 2016

So I can find My existing tax number via contact?

Where do I find the SARS registration form?

  Written by Marc   Posted 2 February 2016

I registered for SARS SARS eFiling and they sent me an email saying
"Please fax the SARS eFiling Registration form, together with a copy of your ID"
Which registration form is this? I can't seem to find anything on their site

Any help would be greatly appreciated

Does SARS tax international lotteries prize money?

  Written by Marc   Posted 2 February 2016

Does SARS tax international lottery prize winning money when it comes to South Africa?if yes what is the percentage that SARS tax and what category is this tax?

Can you claim back school stationary, private school fees and gap insurance as a private individual

  Written by Marc   Posted 1 February 2016

when submitting your tax return, can you as a private individual make any claims on school stationary (books, pens etc), private school fees and / or gap insurance for medical aids?

I started freelancing 3 motnhs ago, do I need to do my taxes this month?

  Written by Marc   Posted 1 February 2016

I started freelancing 01 November 2015
I was still working until 31 October at a company that was paying my tax for me. Do I need to do my provisional taxes this month (February) or should I wait until August?

Fringe benefit tax on fuel card

  Written by Nicci   Posted 1 February 2016

We receive a fuel benefit which is indicated as an income ( this in my mind will put me into the next bracket ). I am taxed on the higher income, then the very same amount that has been used for fuel is shown as a deduction. I don't understand this can you please explain. I don't see the benefit of a fuel card.

PAYE registration for an employee

  Written by Marc   Posted 1 February 2016

I own a micro business (a company) that's registered for turnover tax. Up until this point I have had no employees so I didn't register for PAYE, UIF, SDL, ETI, etc. Recently I hired my first employee. This employee earns R3500 p. M. So she won't be paying any income tax. Do I need to register her for PAYE, UIF, SDL and ETI even if she falls below the tax threshold? She is 21 years old and meets the requirements for ETI. If I need to register her, how do I do it? Can I benefit from the ETI?

Salary Gross Up Calculations

  Written by Marc   Posted 1 February 2016

I need to Gross up a salary and my payroll system does not have that function. Is there an easy enough method to work it out?

As a sole proprietor making less than R350k/year, do I pay income tax?

  Written by Marc   Posted 1 February 2016

Thank you for taking my question. I am a sole proprietor that receives money from a single company for odd jobs around the office. I am not on contract with this company and receive a fixed R15k a month from them into my sole proprietor bank account. I then pay money from the sole proprietor account into my personal account amounting to around R12k-R13k/month. In total, I make less than R350k per annum, will I be liable to pay income tax?

Tax - Abu Dhabi and South Africa

  Written by Marc   Posted 1 February 2016

I am looking at going to teach in Abu Dhabi but I really don't understand how the taxes work while I am overseas. I don't know when if ever I will tax return other than for a holiday. Please assist me in this as I don't know what to do with regard to planning. Thank you

Penalty for late payment of vat

  Written by Marc   Posted 1 February 2016

What is the penalty for late payment of vat?

Rental income & expenses, can I claim on regularly inspecting my property?

  Written by Marc   Posted 1 February 2016

I will be renting out my primary residence in Cape Town for a few years while I work on the Wild Coast rent-free. Can I claim a quarterly site/property visit/inspection as an expense for tax purposes?

Donations Tax on house sale to sister.

  Written by Nicci   Posted 31 January 2016

I plan on selling a fixed property worth R450 000 for R225 000. How much will the donations tax be?

IRP5 source codes - what do they mean?

  Written by Nicci   Posted 31 January 2016

3698-3699 gross remuneration. What does it means. Is their money I can claim?

What is the taxable age ?

  Written by Marc   Posted 31 January 2016

Can you get a tax number at the age of 17 years with a valid South African ID?

Delay in finalisation of my return

  Written by Marc   Posted 29 January 2016

I submitted my 2015 tax return in November 2015 with supporting documents, and to date it is still in audit with no queries raised. Who do I complain about the delay in my finalisation of my tax return? Could the delay be due to the fact that monies are owed to me.

Can I claim for medical expenses if I have no income?

  Written by Marc   Posted 29 January 2016

I was retrenched last year at the end of January 2015. I have not worked since then but I have been paying medical aid privately. How do I claim (or can I claim) for all my medical expenses?

Must there be a contract if my father lends me money?

  Written by Nicci   Posted 29 January 2016

If my father lends me money, must there be a contract

Query on payment of uif

  Written by Marc   Posted 29 January 2016

Do foreigners pay UIF and if so do they benefit

Provisional Tax - what Provisional Periods should I be using?

  Written by Marc   Posted 29 January 2016

I submitted my 2015 tax return [regular tax return] for March 2014 to February 2015 period, by due date in November 2015. No problems and monies due paid over. I subsequently discovered that I was supposed to have submitted as a Provisional Taxpayer, not as a regular taxpayer. I now have to do another tax return, due 29th January 2016 [today!!]. I am registered as a Provisional taxpayer now but am unsure as to which Provisional period I am supposed to be choosing from the list that pops up. Shou...

Read more →

SARS deducted money from my account without resolving a lodged dispute.

  Written by Nicci   Posted 29 January 2016

In 2013 my employer at the time deducted PAYE but did not pay same over to SARS. Upon receipt of a demand from SARS I lodged a Fraud notification with SARS and my accountant lodged a dispute with SARS. To date no resolution on the matter, other than SARS Debt Department sent a final demand to a redundant email address rather than on E filing as one would expect, which will have then been received by my accountant. Yesterday SARS took my entire bank balance, what do I do?

Is UIF part of TAX for the full year?

  Written by Marc   Posted 29 January 2016

Where does UIF get submitted?

Medical Gap Cover

  Written by Marc   Posted 29 January 2016

I took out medical gap cover under my own name. I have since stopped working. The debit order for it has changed to my husbands bank account. Can he still claim for the gap cover under "costs not covered by medical scheme" if the policy is in my name and he pays for it?
Older posts →← Newer posts    55  56  57  58  59  60  61  62  63  64  65  66  67  68  69  70  71  72  73  74  75