Is a director of a company a provisional taxpayer or not?

  Written by Marc   Posted 23 June 2015

Is a director of a company a provisional taxpayer or not?

What is the tax threshold for provident fund payouts?

  Written by Marc   Posted 23 June 2015

I had 2 lump sum payouts ,company shares and provident fund pay,and I was taxed on both occasions, plus I was taxed on PAYE. I'm a bit confused. What is the tax threshold on provident fund and the shares payouts? The total for the lump sum was R200 000

Code for severance for voluntary retrenchment severance pay?

  Written by Marc   Posted 23 June 2015

I have paid a severance amount to an employee that took voluntary retrenchment. What code do I use on the IRP5? The value is not very high, as the person worked for just over a year.

Estimate of services

  Written by Marc   Posted 23 June 2015

Good day Tim. I'm now retired (73yrs old). Please give me an estimate in rands of your services you provide & what documents would I need to send you.

Can I claim tax on Co vehicle and fuel where I do not have a travel allowance?

  Written by Marc   Posted 23 June 2015

Hi TaxTim, I work as a vehicle sales executive, which means I have a company vehicle which I use for both business and personal use. I did keep a log book. On my payslip it is reflected under "taxable perks". "I also paid Vat on Co car" which is showed on my payslip under deductions. I also had a fuel allowance but that is not reflected on my payslip because the company I worked for owns a fuel station and we had "fuel tags". The vehicle was not maintained by me, but I just want to find out if I...

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Fyling tax for working on comission only

  Written by Marc   Posted 23 June 2015

I am a locum at a private occupational therapy practice!! I am 28 years old and only working for commission!!!! My employee did not register me for tax so I will not receice an IRP5 form but will have to work out my tax on my own!! I have kept all the devices from income for. Each patient that I saw as. Well as. The proof of. Payment into my bank account that was made as the clients made the payments!! It. Is difficult to. Determine a set. Montly income as sometimes the clients will pay a month ...

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Loan account with employer - how does the tax work?

  Written by Marc   Posted 23 June 2015

I have a loan with my employer, every month I pay them what I can afford so it differs from month to month, example I earned R20000. 00 this month I allowed them to take a deduction of R7000. 00, therefore they paid me R13000. 00 yet they taxed me on the R20 000. 00. My question is should I be taxed on the R13000. 00 or the R20000. 00 and should my IRP5 reflect the money paid into my bank account (the R13000. 00) or should it reflect the R20000. 00, I am just wondering because I am being taxed o...

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Depreciation on Vehicle?

  Written by Marc   Posted 23 June 2015

I am using my private vehicle for company business. The company is paying me a travel allowance and the fuel for the business part. About 55% of travel is business related. Can I claim depreciation of my vehicle from SARS? What is claimable from SARS for the use of my private vehicle?

Where to find "business code table"?

  Written by Marc   Posted 23 June 2015

Where to find "business code table"?

May I claim for medical services paid for in cash when I have a medical aid?

  Written by Marc   Posted 23 June 2015

Hello - please advise? I am being informed that because I now have a medical aid which is paid for in our own private capacity and not through employers - I am not allowed to further claim for medical expenses paid in cash due to medical aid funds being depleted? Is this correct?

Rental income, less deductions less than cap, must I register for Provisional Tax

  Written by Marc   Posted 23 June 2015

I receive a salary and I recently started renting out my flat (which I resided in as primary residence, until September 2014, rented out since October 2014). I received a Rental income of R40000 for the 2014-15 tax year, the property is still under bond and there was maintenance costs etc. . Which means im still making a "loss" . (i. E. Rental Income of R40000, deductions of R50000, nett -R10000)

1. Must I still register for Provisional Tax?
2. If 1, am I late for Feb, Aug Provisional tax payment deadlines?...

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Want to know tax on R720 00 (lump sum) and R16200(salary)

  Written by Marc   Posted 23 June 2015

I an educator retiring early in June, who has worked for 27 years and 6 months. I want to know how much will be taxed from my lump sum payout (R720 000 ) and salary(R16200. 00)

Disability Income taxable?

  Written by Marc   Posted 23 June 2015

Disability income was received from medical boarding from work for a few months in the tax year ending 2015. This income was taxed and the amount on the IRP5 shows only one income source code. 1. Is the disability income tax exempt or is it only from 2 March 2015 and 2. Is there a separate tax code for disability income earned.

When can I submit my returns?

  Written by Marc   Posted 23 June 2015

When can I do my tax returns 2014/2015?

Commission tax query

  Written by Marc   Posted 23 June 2015

I earn a basic salary commission. Do I have to pay tax for both amounts combined, or should I only be taxed (PAYE) for the basic salary only? My basic salary is R10k with my commission cap at R5k. Please advise. . .

Will I get a tax refund or am I paying the correct amount?

  Written by Marc   Posted 23 June 2015

I basically earn R6500 p/m. Usually my PAYE is 220 a month. I don't how it is calculated. Is it the correct amount that is deducted. Will I get a tax refund?

Net income at R9000 how much is PAYE and UIF before net income?

  Written by Marc   Posted 23 June 2015

My net income is R9000, how much should my gross income be and how much should I pay for PAYE and UIF?

How much is Monthly PAYE and UIF if I earn R13232.83 per month?

  Written by Marc   Posted 23 June 2015

I need urgent help with calculations of PAYE, UIF.

When can I send my docs?

  Written by Marc   Posted 23 June 2015

I have purchased the TaxTim Lite option and I have received my IRP5 from my employer as well as for my RA. When do I send these documents to you?

How does SARS tax earnings from abroad, earned here in South Africa online?

  Written by Marc   Posted 23 June 2015

Hi Tim

Hope you're well and that you can assist me. I get taxed on my monthly salary of R31300, however, I'm also an online part time language consultant getting paid in USD from abroad into my paypal account. The employer from abroad currently taxes me 6% of my earnings as I make under 920USD. Paypal then charges me a further 3. 5% for the transfer. My account is linked with FNB, who take a further 1. 5% commission when converting to Rands and transferring the funds to my acc...

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I want to register for eFiling

  Written by Marc   Posted 23 June 2015

How do I register my eFiling by using a smart phone

Do I need to pay tax if I earn less than 250000 per annum, and work on commission only

  Written by Marc   Posted 23 June 2015

I am an intern estate agent, only earn commission, no salary , and I get less than R250 000 per annum. Must I pay tax?

How much I pay in order to afford tax??

  Written by Marc   Posted 23 June 2015

How to tax me when I'm pay R3000 Monthly?

Waiting for tax refund from SARS?

  Written by Marc   Posted 23 June 2015

I am still waiting on my tax refund my statement shows amount refundable after allowable tax credit is -R2113,78 that was the last statement I received on the 5th September 2014

Extra income

  Written by Marc   Posted 23 June 2015

I own a one bedroom place, wirth about R700 000 in a retirement place. Besides my own home. My main income is salary and tax covered there, IRP5. I get rent of about R36000?
must I register as a provisional tax payer?
is there an amount of extra income for which one does not have to register as a provisional tax payer?
can that income be placed under a general category as extra income?
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