As the sole employee and director do I have to pay PAYE or can I pay provsional tax bi-annually?

  Written by Nicci   Posted 28 January 2016

I am an independent consultant. I have been operating since June 2015 and have been paying myself a salary and deducting PAYE
I have recently found out that I must be a provisional tax payer as well
Since I have started in June and have not deducted any expenses to arrive at my taxable income, it appears that with 2 months to go I have overpaid my tax significantly
from a cash flow perspective, I will only receive my refund around July/August
Am I able to not pay PAYE for the...

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How to measure kms

  Written by Nicci   Posted 28 January 2016

I dont have a travel allowance and use my private car for work. My company does reimburse me for work related travel. Question is from where do my km's get measured as some days I drive straight to site from my house and not via office. How does the calculation look and lastly how much should they pay me per km?

Tax and emigration

  Written by Marc   Posted 27 January 2016

As someone who was born in South Africa and have always resided in South Africa what are the tax implications if I decided to emigrate? Is there an exit tax?

PAYE Requirements for companies

  Written by Marc   Posted 25 January 2016

I have a PTY(ltd) company and would like to know if I must register for PAYE. I am the only person/owner/director in the company with no employees who derives an annual gross Salary of R72000pa.

Can you be taxed more on your salary by employer?

  Written by Marc   Posted 25 January 2016

Can your employer tax you more on your salary, than what the tax calculator said?

Do independent contractors working for US company have to pay South African tax.

  Written by Marc   Posted 25 January 2016

Awesome website you have, I currently reside in Cape Town and I am a South African resident, I recently quit my South African job in July 2015. I started working for a US company as an independent contractor as of 1 September 2015 until present. I also freelance on the side for a South African business, I work about 6-8 hours a day for the US company and on average 6 hours a week for the South African based business. I would like to know, what are the tax implications in my case for South Africa...

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Vehicle Finance - should I be noting my monthly vehicle installment on tax return

  Written by Marc   Posted 20 January 2016

Finance / Other Costs - Travel Allowance

Hello,

just to confirm the vehicle I current use for business travel is financed - would this be where I enter my monthly finance installment or is this not supposed to be noted on a tax return?

How will I benefit on tax as an Uber partner?

  Written by Marc   Posted 20 January 2016

Hi Tim I am a partner of Uber, ride sharing mobile app, owning my own car and working my own hours. Uber regard me as an independent contract driver. What would the tax implications be for me as an individual?

What will be the tax benefits as a company?

Clarity on having 2 cars -company car vs car allownace

  Written by Marc   Posted 20 January 2016

I am a shareholder in a private company. I get a company car benefit of R800 000 to be used for 1 or 2 cars. I am for best way to structure package. My wife has a R200 000 car and I have a R400 000 car. I do very few business km and ride my private motorcycle to work mainly. I am thinking of switching my car to car allowance. I assume that if I switch then my wife's car is no longer a company car and there are no tax benefits/deductions allowed for her car? As far as I am aware you cannot have...

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Provisional tax expenses to claim

  Written by Marc   Posted 19 January 2016

As a provisional taxpayer, what expenses can I claim to reduce my tax. I travel to clients, can I claim my travelling, also I had to replace engine and clutch I this tax year, can I claim for these expenses and what portion would I get back from SARS

Travel

  Written by Marc   Posted 19 January 2016

If you are self employed and pay provisional, can we use the SARS tables or are we required to give actual costs.... I. E. Fuel repairs...,,
If we are required to give actual cost can we claim back finance repayments or the interest only, aswell as 20 % depreciation...

Exceeding 8000km for 3703 code

  Written by Marc   Posted 18 January 2016

Hi Tim. Each month, my payslip has indicated payment of non taxable reimbursement of travel expenses to me. Having exceeded the 8000km, should my tax return indicate the 8000km reimbursement as tax free (3203) and the excess as taxable (3702), or does the entire amount become taxable (3702).
My employer has put my full

My husband had to buy a car to use for business purposes, may he claim this from SARS?

  Written by Nicci   Posted 18 January 2016

My husband had to buy a car to use for business purposes, may he claim this from SARS? This was part of his employment contract with the company

How much do I set my travel allowance amount for this tax year?

  Written by Nicci   Posted 15 January 2016

I should be able to claim a travel allowance as I am consulted out to one or more clients on a permanent basis from my employer. However, I don't have a travel allowance on my payslip and I need on in order to claim. I can request for an allowance to be added, but it needs to be added as a matter of urgency to be part of this tax year. Question is how much do I set the amount to? Would it need to be 12x what the normal amount should be?

Do directors have to pay PAYE?

  Written by Marc   Posted 14 January 2016

I have seen a few times where directors of companies are not paid the same amount each month. The company does not pay PAYE over each month (in fact company is not registered for PAYE) and all that happens is the director declares his total earnings/drawings for the year in his ITR12 at the end of the year. This amount then corresponds to the "directors emolument" line item in the financial statements. Is this okay to do this?

Receiving money from abroad that's not gift or work related

  Written by Marc   Posted 14 January 2016

Hello

My father-in-law lives in Mauritius and is coming to SA in April for a holiday. He wants to send money (R50,000) to my bank account so that I can pay deposits, etc. I've phoned my bank and they say I can give the reason as "travel by non-resident". But they can't tell me if I'll need to declare the money or if I'll be taxed. Can you help me please?

Vehicle repayments

  Written by Marc   Posted 14 January 2016

Hi Tim I am a solely commissioned based earner for one company can I claim vehicle repayments

PAYE vs tax directive earning the same amount?

  Written by Nicci   Posted 13 January 2016

Hi, I am currently earning R10 000 as a basic salary and get taxed according to a PAYE scale. I am moving to a commission based structure where I assume I will earn approximately R120 000 over the year. How much should my employer tax me each month?

Site allowance claim

  Written by Marc   Posted 13 January 2016

i work in construction and stay out for long periods. My company pays me a site allowance(shown on payslip)
i use this for rent food and travel. Can I claim back?

Commission earner

  Written by Nicci   Posted 12 January 2016

What expenses can a commissioner earner claim (he is office based but does travel to clients using his own car and petrol. No refundable expenses)

How do I claim my Uber rides as a business expense?

  Written by Marc   Posted 11 January 2016

How do I claim my Uber rides as a business expense?

How much tax should I pay on my second commission-based income?

  Written by Marc   Posted 11 January 2016

I currently have two jobs. One as a teacher at a private school and one as a teacher in a township. At school I get a fixed salary and at the township I am paid according to the amount of hours worked per month. I am totally confused on how to work out my tax. Will I fall in another bracket by adding my "commission hours" or will they calculate it separately? Another thing I want to know is if I can have a logbook for petrol for the teaching in the township? The company who employed me at the to...

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Independent Contractor Setup

  Written by Marc   Posted 8 January 2016

Hi TaxTim

Great site!

I need guidance on what is required ito independent contractor (IC) tax & vat requirements. 1) If trading through my PTY LTD company as an IC, do I pay companies tax as well as personal income tax?
2) Do I deduduct all claims and deductions (medical aid, RA) prior to paying over tax, or only when I reconcile/ file tax?
3) How many times a year do I need to file tax returns?
4) Do I need to setup PAYE and UIF?
5) Income will exceed R1m per year, so vat should be registered. If true, When do I pay vat over to SARS and what paperwork is involved?...

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Car allowance claim

  Written by Marc   Posted 5 January 2016

I have submitted my tax return. Was audited and my car allowance claim excluded as they requested the purchase documentation for the car. Apparently they tried to phone me couldn't get a hold of me and then finalised it without the documentation. My question is. The car was purchased and registered in my husbands name. We are married in community of property. The insurance is in my name. He pays for the car and myself the insurance. Will that be a problem?

Residency and Holiday Allowance Mistakes

  Written by Marc   Posted 4 January 2016

I am 69 years old an SA Permanent Resident not a Citizen. I am a UK Citizen. South Africa is my normal place of residency. But I sold my house in South Africa in October 2009. I took out this money as a holiday allowance in January of 2010 in Travellers Cheques. I did not close my South African Bank Account (holiday not leaving)
Because I am 69 and worked in the UK before coming to South Africa I receive a UK State Pension. I have the UK pension paid into a UK Bank account which I opened in Jan 2010...

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