How do I obtain my ITA34 documents?

  Written by Alicia   Posted 21 May 2024

I have lived abroad for six years and have not paid my taxes in South Africa.
I have now returned and am living in South Africa. I need to obtain my ITA34 documents for the past three years for the bank.

How do I do my taxes as a freelancer?

  Written by Alicia   Posted 16 May 2024

I'm a freelancer  - how do I do my taxes? Do I register as provisional taxpayer or can I still pay PAYE monthly?

One time pin (OTP) is sent to the wrong cell number and email

  Written by Alicia   Posted 16 May 2024

 
I am trying to authorise TaxTim to share access to my SARS profile. When I click on the Manage Tax Types request, the one time pin is sent to the incorrect cell number. What can I do?

Should I trade as a SBC or Sole Proprietor?

  Written by Alicia   Updated 14 May 2024

I've secured a contract of R3. 1m for two years which is going to be invoiced at R130k per month. Whats the best way to go about this? Should I set-up my business as an SBC or sole proprietor?

I'm a remote worker who needs help with their tax

  Written by Alicia   Updated 14 May 2024


I'm an independent contractor working remotely for an international company. The company is not obligated to pay my tax, therefore I need to do it myself.  However,  I'm not sure what the process entails.  Please can you offer help?

Is there tax on interest earned on money in savings accounts?

  Written by Alicia   Posted 13 May 2024

I think my tax return for 2023 was incorrect.
The amount in my ABSA back account pulled through and according to me, I am not supposed to pay tax on interest earned on money in my  savings bank account.

If I am correct, what are the next steps to correct this?

Claiming 12B tax deduction on IRP6?

  Written by Nicci   Posted 8 May 2024

I made a contribution towards a solar investment fund. My question does not relate to a rebate for my home installation.

I have contributed to a large fund that raised capital for a 12B solar energy project. The administrator of that fund indicated that I can include this under "deductions" when I file. There doesn't seem to be a field to enter it on the IRP6.

Why are my SARS attachments blank when I open them?

  Written by Nicci   Posted 7 May 2024

I just filed my provisional tax return (IRP6) using your platform. I received an email from TaxTim with the following instructions: "To view the contents of your Provisional Tax Statement of Account, please login to TaxTim, click on My Tax Docs and view the PDF there."

However, when I follow these instructions and attempt to open the document from SARS on my My Tax Docs page, it is blank. It does not seem to be pulling through the information. I checked on my SARS eFiling profile and I am able to open and view the Provisional Tax Statement of account there. ...

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Can construction workers claim a tax refund?

  Written by Nicci   Posted 30 April 2024

I work as a bricklayer on a building site. Do I need to submit a tax return and are construction employees allowed to claim a tax refund?

How do I calculate tax on my overtime?

  Written by Nicci   Posted 26 April 2024

I worked some overtime in the past few months. I am wondering how to calculate the tax on it. What tax bracket does overtime fall under?

Do I file a provisional return for a sole proprietor that I started in January?

  Written by Nicci   Posted 26 April 2024

I started as sole proprietor in January this year. Do I still need to file a Period 2 provisional tax return (IRP6) this February? The questions on Tax Tim are asking for the whole financial year (i.e from March last year until the end of February this year). Do I then just calculate the income and expenses for January and February of this year?

Trading Loss on IRP6

  Written by Nicci   Posted 26 April 2024

I registered a company in May 2023 and did not make a profit during the tax year up to 29 February 2024. I understand that I still need to file a provisional tax return with SARS, but it does not look like I can enter a negative figure in "Taxable Income" in the IRP6 form. Do I need to enter zero - as in there was no taxable income? In that case, does that mean that I cannot carry the loss forward to next year?

Is my Company a SBC or does it qualify for turnover tax?

  Written by Nicci   Posted 24 April 2024

Hi there, I would like to find out if I should be applying for turnover tax or small business tax, and if I would be considered a micro business. I have just completed my provisional tax return for 2024-01 on Tax Tim and the tax rate is 27%, which seems so high! This is my first tax return for my business, please help.

Tax on my travel allowance

  Written by Nicci   Posted 24 April 2024

My employer is satisfied that only 60% of my travel allowance will be for business purpose, do I only include the 60% in my monthly payslip for PAYE purposes or do I revert back to the 80/20 rule?

Donations to minors

  Written by Nicci   Posted 23 April 2024

If I donate R50 000 to each of my minor children (directly to their bank accounts) will R100 000 be tax deductible in my income tax return?

How are foreign dividends from an unlisted company treated?

  Written by Nicci   Posted 23 April 2024

Are dividends from foreign shares (not listed on any exchange) bought privately from a foreign business tax exempt?  If not, how would the dividend paid be treated for tax purposes?

What percentage tax does a person as a consultant pay?

  Written by Nicci   Posted 23 April 2024

I have been offered a job as a part time consultant. The company says that I must pay tax directly to SARS. How much tax will I have to pay directly to SARS?

I work two jobs - can I claim internet for both?

  Written by Nicci   Posted 23 April 2024

I work two jobs as an independent contractor in addition to my full-time salary. I use the same fibre internet connection for both these jobs which is debited on a monthly basis. Am I correct in saying I can only claim for it once on my tax return, and not twice for both jobs?

Then I also want to know if my TaxTim payment is deductible? 

My seafarer exemption was rejected. What do I do now?

  Written by Nicci   Posted 30 January 2024

I received a SARS assessment after submitting my tax return via TaxTim. During the submission, there was no payment to SARS expected. However I then received an assessment for a large (R2m) balance owed. At the time I assumed it was a mistake or a premature assessment before my documents had been processed, but I've now received an email from SARS stating Outstanding Debt. Please could you assist me with understanding the significant discrepancy between the TaxTim calculation and the SARS assess...

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Send me tax number

  Written by Chantill   Posted 18 January 2024

Please send me my tax number

When can I submit my tax return?

  Written by Nicci   Updated 9 May 2022

When can I submit my tax return for the 2022 tax season? Are the filing dates still the same as those of the previous year?

Register as a Sole Proprietor

  Written by Nicci   Updated 9 May 2022

Can TaxTim help me register as a Sole Proprietor and assist me with my accounting?

Tax Certificate Needed

  Written by Nicci   Updated 9 May 2022

I am newly registered business owner and I registered just before the lockdown took place and I did not receive my tax certificate. I do have my registration number. Please advise on what I should in order to get my tax certificate. This is new to me and I am confused.

Overseas income

  Written by Nicci   Updated 9 May 2022

I have been working overseas and will be doing so for the whole of 2022 tax year making me provisional:
a. What average exchange rate will I use?
b. When is the first Provisional tax return due and, if necessary payable?
c. Can I deduct my overseas pension and medical from my gross income or is this only if I have a pension/RA and medical in South Africa?
d. I know that R1. 25 mil is exempt so how would I work out the tax on that as I know that I cannot claim all overseas tax...

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Will I get a tax refund if I accept the SARS auto-assessment?

  Written by Nicci   Updated 9 May 2022

My auto-assessment shows that I am due a tax refund. Can this be correct? Do you think I will receive the refund if I accept it, or should I rather reject it and file a tax return?
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