How can I get my tax number?

  Written by Marc   Posted 18 February 2015

I need my tax number for the work, how can I get it without waiting for agent or to go to the office for my number?

Beneficiary of R80 000 from a will

  Written by Marc   Posted 18 February 2015

If I received R80 000 from a deceased's will how much tax do I pay on that amount

How long, if you dont have a tax number, do u have before you need if u have recently been employed?

  Written by Marc   Posted 17 February 2015

Lets say someone just recently started working, and wont be able to get their tax number before pay day. Is there an allowance or period that that person allowed to get my tax number without any penalties?

My wife earns 35% commission (salary) per month ,how does her employer calculate her PAYE?

  Written by Marc   Posted 17 February 2015

My wife does not earn a salary but earn 35 % commission on all work done. She generally earns more
than R10 000 per month. How does her employer calculate her PAYE?Can one use the calculator on
your website?

Withholding of information and tax related information

  Written by Marc   Posted 17 February 2015

I am a member of a CC which was used for transactions of another person. The tax returns have not been submitted and they refuse to provide the information to enable me to submit these returns. They even "hijacked" the CC's info on e-filling, so I am unable to get any information. What must I do now?

I need assistance regarding provisional tax

  Written by Marc   Posted 17 February 2015

I am a full time salaried employee who earns a monthly salary from my employer which is taxed. However I also do 'contractual' work for the same employer that is not taxed like my salary is. I started receiving this additional income from September 2014 - February 2015 and in total I would've received R22,000 income that has not been taxed by the end of Feb. I want to know if I need to register for provisional tax? How much would I be looking at paying? I do have expenses that I would like to in...

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Medical deduction 2015

  Written by Marc   Posted 17 February 2015

Can you please tell me what will happen when I am older than 65 and have no medical aid, but do have medical expenses. What will my deduction be for the 2015 tax year if my other medical expenses R36 000 and taxable income R 350 000?

Provisional tax for bonus paid

  Written by Marc   Posted 16 February 2015

Ood day Tim, I heard from a passerby that I can ask my company to deduct provisional tax every month from my salary for the next reason :When I receive my annual bonus, it can be paid out in full, due to the fact that I already paid the tax throughout the year. Does this make sense? And how legit and effective is this? What if I am not due for an bonus for any reason whatsoever. . . Will the company be able to return the provisional tax money paid?

Changing accountants, from my current one to TaxTim

  Written by Marc   Posted 16 February 2015

I already have an accountant that does my tax returns etc. I would now like to change over to TaxTim. What is the process in changing?

Tax fluctuations on my payslip?

  Written by Marc   Posted 16 February 2015

Why does tax differ/fluctuate from month to month even though nothing has changed in your salary?

Bank statements

  Written by Marc   Posted 15 February 2015

I want to apply as a taxpayer, what if I don't have three months bankstatements yet,but I have my contract?

When is my first provisional tax payment duel?

  Written by Marc   Posted 15 February 2015

I established a new medical practice in January 2015. When is the first provisional tax payment due?

Income per annum to submit tax return to SARS?

  Written by Marc   Posted 15 February 2015

What must your salary per annum be to submit your tax return?

TAX ON FOREIGN INCOME

  Written by Marc   Posted 14 February 2015

What EXACTLY does this mean:"Foreign tax credits for this period (6 months) - if you earned money from overseas and any taxwas withheld or paid, include that amount here"?I get rental money (paid into an account in the UK) from a flat I own in London. I have to pay tax on that in the UK. So what does the above mean as far as I am concerned (I'm completing my second IRP6 for 2014-2015 period)?

How much will I pay on a salary of R5772?

  Written by Marc   Posted 13 February 2015

Do interns subject to income tax?. . My gross salary is R5772,00

In need of a tax number

  Written by Marc   Posted 12 February 2015

I need a tax number, I have never had it before and the SARS office are too far from where I stay.

Tax directives on commission?

  Written by Marc   Posted 11 February 2015

What is the position where an employee earns a high salary and pays site and PAYE on this but also earns commission over and above his salary. Can he claim a tax directive on commission or must he estimate his tax liability. This could be difficult as he does not know what commission he will earn.

Do I pay tax on my buy to let property inspite of being a tenant in someone else's property?

  Written by Marc   Posted 11 February 2015

I own a property that I rent out but I am also a tenant to someone in someone else's property. Once the buy to let property is paid off, am I still obligated to pay tax on the property I own or is this considered a primary residence?

Income tax not deducted'on my payslip?

  Written by Marc   Posted 11 February 2015

Ive been working for roughly 7 months on a continuous contract and I earn R5500 a per month. On my payslip it doesn't show any PAYE or any income tax deductions except UIF, how can this be because I have registered for tax.

Can I depreciate a second hand vehicle?

  Written by Marc   Posted 9 February 2015

Vehicle depreciation and year model clarity. Can I buy a second hand vehicle that is three years old and still depreciate the vehicle over five years?

Tax calculation on cost to company package of R 988 152

  Written by Marc   Posted 9 February 2015

I am 43 and I earn per month a gross of R71 805, with a contribution of R3705. 15 as my contribution towards my pension. I have made provision for payment of my bonus as at my birth date which is 03 August of every year with the option the tax thereof recurring. What should be take home after tax, put differently, what should I be contributing as my tax on a monthly basis?

I started with my new employer on 01 October 2014, does a start date have an effect on my tax contributions, if s...

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Homeloan interest payments or the whole repayment

  Written by Marc   Posted 8 February 2015

SARS have asked me to take a look at my 2014 return and to correct any "errors" that I find. I receive property rental income. I have a bond on that property. Should I list the interest portion of my bond repayments under "interest" and am I able to claim the balance of the repayments under other? I seem to have entered those figures incorrectly, which may be what is bothering SARS.

Retirement lump sum withdrawal benefits

  Written by Marc   Posted 7 February 2015

How would you tax a retirement lump sum withdrawal benefit? How would you calculate deduct this retirement lump sum withdrawal benefit in your tax calculation for an individual, if the individual only gets a members salary and retirement lump sum withdrawal benefit? Lastly how would you enter such information into income tax return ITR12/14?

Tax rebate when earning below R50 000 for past financial year?

  Written by Marc   Posted 7 February 2015

I only started working in January this year and earn below R50 000 for the months of January and February, can I get a tax rebate?

Provisional tax period for declaring a secondary property sale.

  Written by Marc   Posted 7 February 2015

I sold a secondary property in January 2015. The registration into the new owner's name will only go through in April/May and therefore the payout of the profit to myself. As a provisional taxpayer, my question is do I declare this transaction on my provisional tax return at the end of Feb 2015 (in the period the transaction was done) or in my August 2015 provisional tax return (in the period the transfer of ownership was done and payment received)?
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