How much do I set my travel allowance amount for this tax year?
Posted 15 January 2016
I should be able to claim a travel allowance as I am consulted out to one or more clients on a permanent basis from my employer. However, I don't have a travel allowance on my payslip and I need on in order to claim. I can request for an allowance to be added, but it needs to be added as a matter of urgency to be part of this tax year. Question is how much do I set the amount to? Would it need to be 12x what the normal amount should be?
Am I supposed to pay tax?
Posted 15 January 2016
I am a foreign student studying in South Africa, I got a part time job earning about R20,000. I resigned after 2yrs 8months. I was informed there is a provident fund I was to collect. The company was deducting tax from me every month. Was I supposed to pay tax? And will this affect the tax directive for me to receive my provident fund
Receiving money from abroad that's not gift or work related
Posted 14 January 2016
Hello
My father-in-law lives in Mauritius and is coming to SA in April for a holiday. He wants to send money (R50,000) to my bank account so that I can pay deposits, etc. I've phoned my bank and they say I can give the reason as "travel by non-resident". But they can't tell me if I'll need to declare the money or if I'll be taxed. Can you help me please?
Vehicle repayments
Posted 14 January 2016
Hi Tim I am a solely commissioned based earner for one company can I claim vehicle repayments
PAYE vs tax directive earning the same amount?
Posted 13 January 2016
Hi, I am currently earning R10 000 as a basic salary and get taxed according to a PAYE scale. I am moving to a commission based structure where I assume I will earn approximately R120 000 over the year. How much should my employer tax me each month?
Site allowance claim
Posted 13 January 2016
i work in construction and stay out for long periods. My company pays me a site allowance(shown on payslip)
i use this for rent food and travel. Can I claim back?
Commission earner
Posted 12 January 2016
What expenses can a commissioner earner claim (he is office based but does travel to clients using his own car and petrol. No refundable expenses)
Allowable deductions from rental income
Posted 12 January 2016
I did some renovations to a rental property between tenants. I replaced the carpet with tiles, replaced all the kitchen cupboards and the oven, and repainted. All of these renovations were specified in my rental contract with the new tenant - she viewed the unit before the renovations, and we agreed that they would be carried out before she took occupation. Which costs can I deduct as expenses in the production of the rental, or must I add all of the costs to the base cost of the property for pu...
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Independent consultant tax submission
Posted 12 January 2016
I'm starting to do consulting on an adhoc basis and would therefore not be issued any tax related documents from my clients. How do I go about handling my tax? Is there a percentage I need to keep aside for SARS? please help me with where to start.
How do I claim my Uber rides as a business expense?
Posted 11 January 2016
How do I claim my Uber rides as a business expense?
How much tax should I pay on my second commission-based income?
Posted 11 January 2016
I currently have two jobs. One as a teacher at a private school and one as a teacher in a township. At school I get a fixed salary and at the township I am paid according to the amount of hours worked per month. I am totally confused on how to work out my tax. Will I fall in another bracket by adding my "commission hours" or will they calculate it separately? Another thing I want to know is if I can have a logbook for petrol for the teaching in the township? The company who employed me at the to...
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Independent Contractor Setup
Posted 8 January 2016
Hi TaxTim
Great site!
I need guidance on what is required ito independent contractor (IC) tax & vat requirements. 1) If trading through my PTY LTD company as an IC, do I pay companies tax as well as personal income tax?
2) Do I deduduct all claims and deductions (medical aid, RA) prior to paying over tax, or only when I reconcile/ file tax?
3) How many times a year do I need to file tax returns?
4) Do I need to setup PAYE and UIF?
5) Income will exceed R1m per year, so vat should be registered. If true, When do I pay vat over to SARS and what paperwork is involved?...
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Car allowance claim
Posted 5 January 2016
I have submitted my tax return. Was audited and my car allowance claim excluded as they requested the purchase documentation for the car. Apparently they tried to phone me couldn't get a hold of me and then finalised it without the documentation. My question is. The car was purchased and registered in my husbands name. We are married in community of property. The insurance is in my name. He pays for the car and myself the insurance. Will that be a problem?
Residency and Holiday Allowance Mistakes
Posted 4 January 2016
I am 69 years old an SA Permanent Resident not a Citizen. I am a UK Citizen. South Africa is my normal place of residency. But I sold my house in South Africa in October 2009. I took out this money as a holiday allowance in January of 2010 in Travellers Cheques. I did not close my South African Bank Account (holiday not leaving)
Because I am 69 and worked in the UK before coming to South Africa I receive a UK State Pension. I have the UK pension paid into a UK Bank account which I opened in Jan 2010...
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Am I a provisional taxpayer if my employer does not deduct tax from my salary?
Posted 4 January 2016
I get a monthly salary on a set day every month but I get it in full, without any tax deductions. It is my responsibility to arrange for the payment of tax with SARS. Do I have to register as a provisional tax payer in order to pay tax?
Source code commission earner
Posted 4 January 2016
Hi Taxtim
What is the source code for someone selling houses earning a commission?
Provisional 2016 tax calculation
Posted 4 January 2016
I want to do provisional 2016 tax calculation, I am on pension from 1 Nov - did received a normal salary, I did received a lump sum with tax directive and pension payment with tax directive
Can I invest more in a private RA if my company makes a contibution to a provident fund
Posted 30 December 2015
My company makes a 100% contribution to my provident fund, including all fees. On my salary slip, this is shown as a company contribution, and not as a deduction. I understand that there is a tax benefit when contributing up to 15% of my non pensionable salary to a retirement savings scheme. Because the contribution is shown as a company contribution and not as a deduction, does this mean that I still have the full 15% available to contribute to a private RA?
If so, how do I calculate...
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Tax Calculation for mid year joining
Posted 30 December 2015
If we have employed a person in November 2015 at a salary of R 8000, no pension fund, no travel allownace, how much tax I have to deduct in four months, i. E. Nov,Dec,Jan & Feb
Contracting Benefits vs Salary
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?
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
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.
IT34A
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.
Percentage of annual commission deducted
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
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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