Approved I'll health retirement

  Written by Marc   Posted 17 May 2015

If I am going on early I'll health retirement and I am disabled, is my lumpsum still taxable?

Vat return Inputs and Outputs?

  Written by Marc   Posted 17 May 2015

I am currently busy with my company's VAT return for March and April, but our invoicing is a lot more than our purchasing. It looks like we will have to pay about R180k, My question is : Can I hold back on some of our invoicing when submitting my return? Since we have 5 years to claim it?

Import and export VAT?

  Written by Marc   Posted 17 May 2015

My Company has made use of a shipping agent to clear our containers however, I am told that we can claim the vat on this (when the shipper has paid for it already) We have not paid the agent our self, Is it possible to claim this vat? even though we have not paid the Agent.

How do rebates work?

  Written by Marc   Posted 17 May 2015

I have started a new job and have been told my salary will be R7000 a month, on top of this, they are saying that I am going to be taxed 18% per month. I am just a bit confused. . This seems very high for such a small salary. . . And then there comes the topic of rebates. I have been told that at the end of the tax year I can claim this back? But this is all going over my head, can you please confirm that the 18% a month tax is correct (i do not have any medical aid, retirement funds etc) and th...

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If I pay for my medical aid personally how do I calculate and claim for a tax refund?

  Written by Marc   Posted 17 May 2015

I am paying for medical aid personally on a monthly basis and I would like to know how to calculate the tax return I will get for this? Do I get any? If I get a refund will it just be for medical aid or could I apply for my gap cover as well? And then how do I claim for this? Is it too late for the 2013/14 year? Could I lump two claims together in the 2014/15 year?

On a fix income of R4000 with no extra benifits what will the PAYE amount be?

  Written by Marc   Posted 17 May 2015

I think of starting a new business. My employees will receive a fix monthly income of R4000. What amount will I have to deduct from their payslip for PAYE?

Definition of a Tax free savings account?

  Written by Marc   Posted 17 May 2015

I am interested to know 'what is the definition of a 'tax free savings account''? Will I have to open a new account or will any savings account qualify for the R30 000 deduction?

Refund on building costs as a non resident South African Citizen?

  Written by Marc   Posted 17 May 2015

I am a non resident South African citizen working and living abroad in Saudi Arabia for just over 6 years. I visit South Africa at least 3 times a year for periods of either two to three weeks at a time. Last year these visits where in April then May then July. My question really relates to my current property in South Africa. I am renting the properties out however and have had various renovations done. I would like to ask as a non resident can I claim back the VAT on this for example I had gat...

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Can I claim VAT?

  Written by Marc   Posted 17 May 2015

I am an employee. And I am studying. I do pay for my own studies, can I claim VAT or tax?

Non Resident Tax implications on rental income property in South Africa?

  Written by Marc   Posted 17 May 2015

I am non resident south African citizen working off shore for the past couple of years, I own various properties in south Africa, two of which generates rental income, however I still owe bonds on it, and currently renovating one of these properties, can I claim back the taxes paid on the renovations as well as the architects fees

Can I get a tax return from invoices reflecting VAT?.

  Written by Marc   Posted 17 May 2015

Can I get a tax return from invoices kept reflecting VAT?.

Paye & uif query

  Written by Marc   Posted 11 May 2015

A 68 year old casual worker (23 hours per week) does he get paye & uif
A foreign contract worker (8 months) does she get paye & uif

Sport massage therapist enquiring about tax refund?

  Written by Marc   Posted 11 May 2015

I own a sport massage business. I am therapist/bookkeeper/secretary. What are my first steps towards tax payment and or refund? I earn R6000 per month.

Tax deduction on payout of R580 000, 00

  Written by Marc   Posted 11 May 2015

How much tax in rand will be deducted from a pension payout of R580, 000, 00?

Tax deduction for partial month worked?

  Written by Marc   Posted 11 May 2015

I started working on the 23 March. When ii receive my pro rata pay of R3000 ( from April would be R9500). They deducted tax from the pro rata pay. Is that correct to deduct tax from a pro rata pay?

How are commission only earners taxed and where can I get proof of it according to the South African

  Written by Marc   Posted 11 May 2015

How are commission only earners taxed and where can I get proof of it according to the South African Law?

Commission PAYE - assistance?

  Written by Marc   Posted 11 May 2015

Hi Tim. Great Blog! My question is quite simple. I've started working for a company earning commission only. We have not yet registered any of my details and I've earned around R 18 000 in commission this month. I would like to know what percentage should they have deducted from my earnings? Is it 18% throughout? I would also like to register under code 3606 as I have various expenses that I need to incur in order to conclude a sale and would like to deduct some of these expenses. Do I claim it ...

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Type of tax should one pay from contracts?

  Written by Marc   Posted 11 May 2015

What type of tax should one pay if he gets income from contracts?

Am I entitled to a tax refund?

  Written by Marc   Posted 30 April 2015

I got a pension payout from the ex husband as it was in the agreement SARS taxed me R9500 on the amount paid to me

Can I claim VAT or qualify the above mentioned type of transaction as a Tax invoice?

  Written by Marc   Posted 30 April 2015

I have a Invoice with Invoice NO:XXXX and the supplier charged VAT at 14% which is displayed according to SARS rules. My problem is that the words "Tax Invoice " are displayed vividly underneath the description of the goods purchased as "This is a Tax Invoice", do I claim VAT on this type of a transaction? The supplier is a VAT registered entity.

Can I pay and deduct vat input on this type of transaction?

  Written by Marc   Posted 30 April 2015

You ask for a "Copy Tax Invoice" from the supplier and the supplier issues a Tax Invoice ("Office Copy"), is this acceptable as a "Copy Tax Invoice"?

Tax for two weeks service rendered?

  Written by Marc   Posted 30 April 2015

Should I pay tax if I rendered a service to someone for only two weeks. I am not an employee of that company. They have to pay me R8100. 00

If I earn R40k pm for 5 months is it anualised for tax purposes and tax liability apportioned 5/12?

  Written by Marc   Posted 30 April 2015

If I earn R40,000 per month and only work for 5 months(R200,000) of Tax Year(say 28 Feb 2016), is tax computed on R40k X 12 ie R480k and Tax liability apportioned 5/12ths or on R40k x 5 ie R200k and tax liability only on R200k for full year?

Has UIF deduction been capped at R10 from 1 April 2015?

  Written by Marc   Posted 30 April 2015

Has UIF deduction been capped at R10 from 1 April 2015?

Compensation of home based care worker - tax obligations?

  Written by Marc   Posted 30 April 2015

I would like to understand the tax obligations, if any, for the following scenario and hope you will be able to assist with such. I am disabled and had to employ the services of a home based care worker to assit in my daily living activities/requirements. (since Jan 2015) According to my understanding, such is not deemed to be a formal employment and thus would not be taxable (same as domestic workers), but I just want to make sure. Neither is UIF payable. Now for the tax question: The carewor...

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