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Deductions Posts in Tax Q&A

What is the percentage of tax deducted from part time workers paid per hour?

  Written by Marc  

How much tax will be deducted if I work part time without any fringe benefits?

What will my PAYE be?

  Written by Marc  

I am going to be 67 in July
I earn R18000. 00 per month
The Company pays my full medical aid of R3940. 00

What should my paye be for the 2015 tax year

Many Thanks

Jasmin

Expenses allowed on sales commission?

  Written by Marc  

Expenses allowed on Commission received on sales - what are they?

2015/16 UIF deduction

  Written by Marc  

Can you tell me when is the new UIF deduction coming into effect?

As from the beginning the 2016 tax period?

I am referring to the UIF deduction of R10 on the first R1000. 00 earned?

Will I be entitled to a tax refund from SARS>

  Written by Marc  

I started working January 2015, and started paying tax immediately. Does this make me eligible for a tax refund? I am slightly confused as to how this works. Help appreciated

Tax deductibility of training courses for the self-employed

  Written by Marc  

As a self-employed professional, can I deduct the cost of any courses I take to improve myself professionally? Thanks.

Tax om commission

  Written by Marc  

What is the percentage tax to pay on commission earned. My salary is R35 000 and some months I earn about R180 000 commission.

Claim on medical expenses from SARS?

  Written by Marc  

Can you claim medical expenses like doctors and medicine if you only have a hospital plan

Tax refund problem - not receiving anything?

  Written by Marc  

2014 Tax went through 3 verification and an audit, SARS then verified 2013. I received completion letters for both 2014 and 2013 (received 23 February 2015). To date they have not requested any further documents and there is still no refund. All other returns submitted and banking details are up to date in act verified last year. What could the problem be?

Transfer balance of lump sum to living annuity. Is there tax involved?

  Written by Marc  

I am retiring now on 63 First R500000 of Lump sum is tax free. If I ask my company to transfer balance of Lump sum that is R400000 to a Alan Gray living annuity. Will there be any tax deducted.

Am I liable for a tax return if I am only employed for 4 months?

  Written by Marc  

I am a housewife but am currently employed for the period of 4 months, earning R4000 pm. After this 4 month period I will be unemployed. My employer does not deduct PAYE. I have two questions about my situation. First, do I need to register as a tax payer and do a tax return?

Secondly, can I have my salary paid into a joint bank account that I share with my husband or will this implicate him on his tax return? Should I rather open up my own bank account?

I am just not sure...



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Payment: retirement withdrawal - net of tax?

  Written by Marc  

When I receive a retirement withdrawal benefit is it paid after or before tax is deducted?

Tax enquiry on lump sums?

  Written by Marc  

I am retiring this year on age 63 My lump sum will be R1 132 179 - How much tax will be deducted?

How does contributing 100% to provident fund to employees impact the company?

  Written by Marc  

What impact does the employer experience when they contribute 100% provident fund for employees?

Is a surety payment on behalf of a company, tax deductible in your personal capacity?

  Written by Marc  

I am the sole shareholder and director of a company. I signed surety for a bank overdraft. This was called up and I had to pay. Is it tax deductible in my personal capacity?

What tax cert is issued when a transfer is issued?

  Written by Marc  

What tax certificate is issued when you do a transfer from financial institute to another for money that is taxable? E. G from one linked annuity to another linked annuity? Is a cert needed? NB the trf is due to a death claim and money going to beneficiary. . .

Can a student claim for working a short period?

  Written by Marc  

Will I be able to claim back any sort of tax refund? I worked from June 2013 - December 2013. My basic was R5195 health grant - R1088 + overtime etc. I had basic tax deductions every month. I started to study in 2014.

Can you do my last two tax submissions for me including this year - what is the cost.

  Written by Marc  

Hi Tim I have not filled in my tax for the last three years up to date :( :( Would you be able to do this for me and I provide all relevant documentation. How much will you charge me and can you tell me how much I will be refunded.

If my spouse is disabled and claims accordingly, can I claim that I am married to a disabled person?

  Written by Marc  

If my husband has a disability and he claims as a disabled person. As his wife can I claim too that my spouse is disabled?

Buying for a company on personal account - can I claim for tax purposes?

  Written by Marc  

I buy groceries and prepaid electricity every month for the company I work for then they refund me. Will this be an issue for SARS when I do my tax return? I spend about R50 000 odd a month.

Do not have to submit my tax return as I thought I was below the bracket for 2010, 2011 and 2012 to

  Written by Marc  

Got a penalty for not submitting for 2010, 2011 and 2012. Taxable pay over threshold and did not submit. Believed it was under the "do not have to submit bracket" but do not know what it were for those year. Will submit now for all years and even my spouse will submit his 0 income. Please can you supply us with the "do not have to submit bracket" of those years. Want to challenge the penalties. Thank You

What is a REASON 02 for not charging/deducting tax?

  Written by Marc  

What is a REASON 02 - for not charging/deducting tax?

SARS transaction reference 16 on the ITSA?

  Written by Marc  

What does a transaction reference 16 mean on my ITSA - the description says electronic refund even though the amount is a debit and not credit.

I would like to know how to complete a nil return via eFiling?

  Written by Marc  

I am doing some admin work from home and have been paying Provisional Tax for the last 3-4 years. Twice a year someone has been doing my tax return via eFiling for me. I realize now that I don't earn enough to even complete a tax return. To be on the safe side I want to complete a nil return but am not sure how to do it. I don't want to ask the same lady to do the nil return for me because she will charge me . I would like to know how to do it myself because it is now due.

Wear & Tear: what % can I claim on my computer/mobile/garmin/camera, etc, which I use in my work?

  Written by Marc  

I would like to know what percentage I can claim for wear & tear on tools of my trade, per year? I am an environmental consultant and need to take not only my pc and mobile into the field but also binoculars, camera, anemometer, garmin gps, etc. . .
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