Written by Marc
Posted 7 August 2015
Hi. My wife earned investment income and a salary last year. This year, she's now stayed at home with our daughter, and thus hasn't earned a salary - thus significantly less taxable income. For the first provisional tax payment, do I have to use the basic amount (i. E. Last year's taxable income) to calculate this payment? The payment will then end up being more than her annual tax is expected to be, as there is obviously no salary (and no corresponding PAYE). Or can I safely estimate a lower am...
Written by Evan
Posted 7 August 2015
Written by Evan
Posted 6 August 2015
Written by Evan
Posted 6 August 2015
Written by Marc
Posted 6 August 2015
Written by Evan
Posted 6 August 2015
Written by Marc
Posted 6 August 2015
Written by Marc
Posted 6 August 2015
Written by Evan
Posted 5 August 2015
Written by Evan
Posted 5 August 2015
Written by Marc
Posted 5 August 2015
Written by Evan
Posted 5 August 2015
Written by Evan
Posted 5 August 2015
Written by Marc
Posted 5 August 2015
Written by Marc
Posted 5 August 2015
Written by Marc
Posted 5 August 2015
Written by Marc
Posted 5 August 2015
Written by Marc
Posted 4 August 2015
I have an employee who gets issued an AA88 from SARS which I payover as per the documentation received. I made four payments this year, February, March, April and May, after which the notification when I synced with SARS Efiling via easy file, said cancelled or finalised, and no further payments requested. This employee completed her tax return on 22 July and her ITSA does not reflect the payments I made which I deducted from her salary. I have all the proof of payments made via ABSA bank to SAR...
Written by Evan
Posted 4 August 2015
Written by Marc
Posted 4 August 2015
Written by Marc
Posted 4 August 2015
Written by Marc
Posted 4 August 2015
Written by Marc
Posted 4 August 2015
Good day,
I just want to make sure about the Medical Scheme Fees Tax Credit, source code 4116. My husband joined my medical scheme from July 2014, thus every month I pay for myself plus one dependent. In terms of section 6A (Medical scheme contributions tax credit), do I have a right to R257 tax credit per month for myself and for my husband? (Thus: (R257*12)myself + (R257*8)first dependent). On my completed IRP 5,from my previous employer, they only took myself into account for the medical scheme tax credit and not my dependent as well...
Written by Marc
Posted 4 August 2015
Written by Marc
Posted 4 August 2015