What will my PAYE be?

  Written by Marc   Posted 29 March 2015

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

Will I be entitled to a tax refund from SARS>

  Written by Marc   Posted 29 March 2015

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 om commission

  Written by Marc   Posted 29 March 2015

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

Procedure to follow for a company that never traded, never filed annual return, in need of tax clear

  Written by Marc   Posted 29 March 2015

I incorporated a company in September 2014, it has never operated since then and never filed an annual/provisional tax return, now I am in need of a tax clearance, could you kindly advise if it is permissible to file the tax return with zeros now in 2015(end of February)depicting it as the 01 provisional payment given that the company never traded and never filed a return.

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

  Written by Marc   Posted 18 March 2015

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   Posted 17 March 2015

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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UIF and PAYE on commision income for employee also earning a normal income.

  Written by Marc   Posted 17 March 2015

Do you have to pay UIF on commission income if it is secondary income?
An employee earns both a normal salary and a commission. Does he pay UIF on the salary only or the whole amount?
Also how does he view his remuneration for PAYE, is it the whole amount together or both separate?

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

  Written by Marc   Posted 16 March 2015

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

Does employee contribution attract tax upon withdrawal before retirement?

  Written by Marc   Posted 13 March 2015

Upon withdrawal of provident benefits before retirement, does employee portion/contribution attract tax?

What tax cert is issued when a transfer is issued?

  Written by Marc   Posted 13 March 2015

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   Posted 11 March 2015

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.

Need help

  Written by Marc   Posted 11 March 2015

I've never recieved a tax number from my prefois employer whom I worked for 10 years, i'm self employed for 4 years now and earn less then R 15 000 a month. Should I have a tax number? if yes how do I get it!??

When getting bonus, how tax is calculated/

  Written by Marc   Posted 11 March 2015

Morning Tax Tim, I want to know if I'm earning about 84000/pa do I have to pay tax? also when I'm getting bonus in December how do you calculate the tax as I'm getting double my salary.

What percentage tax should I pay if I earn a gross of R17,371

  Written by Marc   Posted 11 March 2015

If im earning a gross of R17. 300 what percentage tax should I pay?

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   Posted 7 March 2015

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

SARS transaction reference 16 on the ITSA?

  Written by Marc   Posted 6 March 2015

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   Posted 6 March 2015

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.

Reimbursed tuition fee?

  Written by Marc   Posted 5 March 2015

My employer reimburses my tuition fee if I passed all subjects. I am studying a PGDA and I am a trainee. Is the reimbursed tuition taxable?

Referral income

  Written by Marc   Posted 3 March 2015

I am a salary earner paying PAYE then on the sideline I get paid a once of commission for a referral, do I declare this and thus pay tax on it?

Help with eFiling registration please?

  Written by Marc   Posted 3 March 2015

How to register for eFiling? Too difficult for me to register?

How do I submit a nil return?

  Written by Marc   Posted 3 March 2015

How do I submit a nil return?

Can I claim for travel expense if I earn a basic and comm and my comm is less than 50% for the year?

  Written by Marc   Posted 3 March 2015

I earn a basic and commission, but my commission is less than 50% of my income for the year. I have claimed travel expenses as I use my own vehicle and pay my own petrol etc. I submitted a logbook, but they have disallowed the travel expenses as my commission is less than 50% of my total income. Is this correct? How else can I claim for my travel expenses? As it cost me R58 171. 00 for the year and I should be able to get something back surely?

Submitting tax payments to SARS?

  Written by Marc   Posted 3 March 2015

I would like yo know how to get started on tax return payments

If you do not pay the m/a premium nor are you the main member, can you claim out of pockets expense

  Written by Marc   Posted 3 March 2015

If you do not pay the m/a premium nor are you the main member, can you claim out of pockets expenses that are not reflected on your year end statement from your m/a ie they have never been submitted to your m/a?

Are cellphone contracts and Laptop Contracts Tax Refundable if used mainly for work purposes

  Written by Marc   Posted 2 March 2015

If I have a cellphone contract as well as a contract to pay off a laptop of which both are used mainly for work purposes, I would say 80%. Can I claim Tax refunds on these "assets" and how would I go about calculating the cost of the asset based on the monthly contract price.
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