Clarification regarding tax deductions for donations.

  Written by Marc   Posted 24 December 2015

If I donate to a charity and I receive a tax certificate, would I receive a tax refund for a portion of that amount? If so, how much of the amount would be refunded?

It is important as the two monthly payments are different and the paye needs to be clarified

  Written by Marc   Posted 24 December 2015

A staff member earned R9500/m for three months then was given an increase which brought the salary to R11000/m. He/she hasn't been at the company for a full year and was given a bonus of R5000. How do I calculate the PAYE on this as there was only R500 deducted off the December salary?

Can I reclaim bonus tax when I don't normally pay any tax ?

  Written by Marc   Posted 23 December 2015

My salary is below the taxable limit but I received a bonus in Dec which worked out at 10% of my combined salary bonus. (18. 4% of my bonus)Is there anyway I can reclaim this from SARS?

Contracting Benefits vs Salary

  Written by Marc   Posted 23 December 2015

I am currently a salaried employee and I get deductions for:
- Medical aid
- Travel allowance
- Retirement (RA)

I am considering contracting (to one client). Will my total monthly invoiced amount be taxed normally? I will have to pay for medical, travel and RA directly. Am I losing out or do I still claim for these somehow?

What would my tax be?

  Written by Marc   Posted 23 December 2015

I recieve a weekly salary of R1650. I also recieved a bonus last week of R6600,therefor my salary was R8250 for the week. I only get paid like this once a year. What would my tax be on that weeks payslip? I dont have pension,provident or retirement funds. Not even medical or traveling.

How does RSA Tax work if I am earning abroad

  Written by Marc   Posted 23 December 2015

I am currently a teacher in Vietnam, I have been here since July 2015, and have been earning foreign currency. I am about to start transferring money into my RSA account for some debit orders. I would like to find out- how does my tax work if I am earning abroad? I do not want to be penalized in any way. I am a registered tax user and I have enjoyed tax returns every year since 2012.

How much I will get as tax refund?

  Written by Marc   Posted 23 December 2015

I came to South Africa on June 30,2015. My income is R4,35,000 / year. I am aware of that the tax year is Mar 2015 to Feb 2016. So, I am not here from Mar 2015 to June 2015. Still do I need to pay tax? If how much I need t pay? How much I will get tax refund?

Currently, the tax amount is being debited from my monthly salary from employer and the amount is around R8000. Could you please let me know how much I will get tax refund?

IRP5 FROM PREVIOUS EMPLOYER?

  Written by Marc   Posted 23 December 2015

How can you get your IRP5 from your previouse emplyer

Verification after refund has been paid

  Written by Marc   Posted 15 December 2015

I received a letter from SARS saying that my assessment is selected for verification. But I have received the refund already.

Annual bonus and Tax

  Written by Marc   Posted 15 December 2015

Is it possible for annual bonuses to be taxed, lets assume that I earn R4880. 00 a monthly, and how much should my annual bonus? and how much will it be taxed if possible?

Tax on 30 000

  Written by Marc   Posted 15 December 2015

I am selfemployed sole trader. I need to know how much tax I will pay if I show a profit of say 30 000. Looking to get a mortgage soon so need to put my books in !!!!

Net monthly salary after tax contribution

  Written by Marc   Posted 15 December 2015

I would like to ask on a gross annual salary of R642192 - what will my monthly net salary be?

Inpossible deduction

  Written by Marc   Posted 15 December 2015

I am earning R11. 000 per month so my employer deduct R1047. 63 it is possible for that deduction

How do I resubmit my form

  Written by Marc   Posted 15 December 2015

I have made an amendment to my medical records as I only found receipts to the value of 2696 how do I resubmit my form

Does previous pension withdrawal have impact on tax calculation on one third payout on retirement?

  Written by Marc   Posted 14 December 2015

I drew R250 000 from my pension fund when I moved companies a few years ago and placed funds in a Pension Preserver. Must this figure be added to my one third withdrawal for calculation of tax when I retire?

Waiting for my refund from SARS, but it is taking so long.

  Written by Marc   Posted 14 December 2015

I want to know how long does it take for my claim to be finalised?

IT34A

  Written by Marc   Posted 14 December 2015

Dear Tax Tim
I earn random commissions as an event planner and promoter. Get paid cash. No Medical Aid or Retirement Funds. Have applied to purchase a vehicle and they want ITA34. I have never submitted a tax return.

Unemployed and not paying tax.

  Written by Marc   Posted 14 December 2015

I have been unemployed for quite some time. So naturally my income tax return was submitted as zero "unemployed". SARS has requested supporting documents which I have none, not even a IT3B. Can I submit an affidavit stating that I have not supporting documents and confirming that I am unemployed? what are the consequences of doing this, what will I be opening myself up for here?

How can you claim a late person's tax money?

  Written by Marc   Posted 12 December 2015

My father passed away last year and he didn't claim his tax money, so I want to know how can we claim his tax money?

Is the pension fund exempt or amounts payable from the pension fund to the taxpayer

  Written by Marc   Posted 12 December 2015

Receipts and accruals of a pension fund are exempt. Does this entail that the fund itself is exempt or amounts payable from the fund to the taxpayer upon retirement.

Can the offshore tax law dates be changed?

  Written by Marc   Posted 12 December 2015

My husband works offshore on a ship for a few years now. We understand about the 183 days out of SA to be exempted from paying tax in South Africa. However, there was 3 months in this year where he had no work, so he might be a few days under the required amount of days needed to be exempted. I have heard that one's tax year does not have to fall under the same dates as the financial tax year? Is that correct? If so, can one use 12 months prior or after those 3 months he was at home, to still ...

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Jointly owned rental property and non-mortgage interest.

  Written by Marc   Posted 11 December 2015

A rental property is jointly owned by two individuals. There is no registered bond over the property, however each part owner has contributed funds to purchase the property. Can a loan be created and interest charged on this loan to each of the owners and a corresponding interest deduction against the rental be claimed?

On ITR12 do I fill in local assets/liabilities at cost?

  Written by Marc   Posted 11 December 2015

What does local assets and local liabilities (at cost) mean

Percentage of annual commission deducted

  Written by Marc   Posted 11 December 2015

I am in sales and earn a commission at the end of the year. I would like to ascertain how much of that I will be losing to tax. Is there a formula or a percentage?

Broken service

  Written by Marc   Posted 10 December 2015

I was unemployed until 03 Aug 2015, but still get deducted the normal monthly PAYE. How do I work out what I should have paid in tax for broken service? presumably this will result in a refund in 2016, correct?
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