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.

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?

What cost to use for Travel Allowance?

Posted 10 December 2015

What cost of Motor Vehicle to use for Travel Allowance? Original new cost or second hand cost actually paid?

Can I deduct toll gates in my ITR12 for a business trip if I get a travelling allowance

Posted 8 December 2015

I'm getting a car allowance and as part of my package because my work requires me to travel with my car quite a lot. In the case when I travel to the clients I put a claim which is paid per kilometer. The company used to reimburse us for toll gates provided we furnish them with toll slips but now we they passed a policy that they are no longer going to pay toll fees as they have hiked the rate they are paying us per kilometer to an extent that it should paying the running cost of the car plus fu...

Read more →

Format of a payslip (proof of payment )

Posted 7 December 2015

What is the format of a payslip as regard for proof of payment to a day-labourer who've worked 1 day doing maintenance work at a house you renting out.

Can SARS pay the money due to me without submitting IRP5 for 2012?

Posted 7 December 2015

SARS want both my IRP5 for 2012 and log shit for my travelling, I no longer have the records and my previous employer says they can't locate my IRP5 and they no longer have records for my travelling. How can I access the money that I am suppose to receive for this year tax returns if I don't have these things?

Self-Employed Travel Expenses Deduction

Posted 7 December 2015

I am a urologist working in an 8-partner practice. We are a partnership, and income and expenses are shared equally. My only income is my share of income from the practice. I have always kept a log book for vehicle expenses incurred by myself in the course of my work and have in the past claimed back actual expenses incurred under "Other Deductions>Travel Expenses (no allowance - commision income)". I did this because each partner is responsible for his own travel expenses. As such, these expens...

Read more →

Can I claim back on disability for my child attending a remedial school?

Posted 3 December 2015

My child attends a remedial school which was recommended by a psychologist. Can I claim back on these fees as a disability?

What do I expect from a mixture of employment and individual contractor at end of tax year?

Posted 30 November 2015

I was an employee up to 31 October 2015, then I resigned to work for another institution as an individual contractor. I am rated hourly and paid according to hours worked for the month. The institution deducts income tax from total income. What do expect at end of tax year?

Do I have to spend 63 days out of the country before 28 February 2016 to not pay tax?

Posted 30 November 2015

I live and work in Malta but travel back to South Africa frequently. I did not have to pay tax for the 2015 tax year because I did 63 days out of the country starting in March 2014 and spent the relevant amount of time not in SA. In 2015 I incorrectly assumed that a day spent in transit did not count, but because in OR TAMBO you have to enter with your passport, I have not done 63 days for the 2016 tax year. Do I have to do 63 days out of SA before 28 February 2016? I read somewhere that the mon...

Read more →

9857 - LUMP SUM DECLARED BUT DIRECTIVE OUTSTANDING error when calculating.

Posted 29 November 2015

9857 - LUMP SUM DECLARED BUT DIRECTIVE OUTSTANDING error when calculating.

What does this mean?

Am I liable for SA tax?

Posted 27 November 2015

I am British, have my family and home in South Africa, work abroad for long periods of time and don't work in SA. Sometimes I take a long holiday at home - three or four months. I sign a contract for each company I work for abroad. Am I liable for SA income tax?

If you earn comm but its not 50.1% more than their total salary,can they still claim for cell+travel

Posted 27 November 2015

If someone made commission for the year but its not 50. 1% more than their total salary, are they still allowed to claim for cell phone and travel exp?

Deductions against code 3616

Posted 27 November 2015

I have 7 IRP5's
2 of them are salaries from different companies code 3601 value R229400
2 are as an independent contractor code 3616 value R514321
From the salaried income I had 1 month with a travel allowance. I currently have computer hardware, travel expenses, a vehicle and it services expenses that I van to deduct against the code 3616 income. I want to know where do I fill in in on the form to deduct expenses I incurred to generate the income earned on code 3616?
How do ...

Read more →

Provisional Tax Payer and not a Individual

Posted 27 November 2015

I'm about to do my first tax return, I'm registered as Individual tax payer but have been doing freelance work on an invoice basis. I did not realise that in this case I would need to be registered as a provisional tax payer instead. Am I correct in saying that I should be registered as a provisional tax payer?

How do I proceed from here?
- I should have done two IRP6's and made payments. - Then I should also do a ITR12, which is then only due in January 2016
What do I do regarding the outstanding IRP6's?...

Read more →

Rebate on travel allowance

Posted 27 November 2015

How can I calculate what to expect on tax return rebate for travel allowance?

How do I get a Tax recalculation?

Posted 26 November 2015

I erroneously declared company Travelling in my 2015 tax returns, when I have Travelling allowance. How do I rectify this?

SARS code 3702 not being taxed

Posted 25 November 2015

Good day. I have codes 3701 and 3702 on my IRP5. I claim more then the SARS rate due to the fact that our rate includes fuel, maintenance, capital, insurance and depreciation. I was told by SARS the employer is not taxing the 3702 reimbursement. I now owe SARS. How do one correct such a scenario not to owe monies at assessment. Thank you
Regards

Car expense claims as a full commission earner

Posted 25 November 2015

I started as an estate agent and I have not kept records of my mileage and the car is paid up, what can I claim as a vehicle expense and depreciation

Mileage claims

Posted 25 November 2015

Good day, i work on the road every day and get my mileage paid to me monthly separate from my salary and don't get taxed on it. What do I need to submit my taxes?

Work done for previous employer after hours

Posted 25 November 2015

I have done some work for my previous employer after hours to assist until the new person is employed. We agreed upon a hourly rate. I must now be paid for these hours. What will be better for me:
1. To invoice the previous employer for the hours
Or
2. Let them pay me through their payroll as their employee?

What will the income tax implications be with both these options?

Have an IRP5 but am an independent consultant, how do I answer some questions?

Posted 25 November 2015

I was part-time employed for 5 months of Tax year 2015, for which I have an IRP5. But I have made income elsewhere throughout the year as an independent consultant (freelancer). I am a little uncertain how to answer some questions, such as: "Did you spend any other money related to your earnings that you think you can claim as a deduction? You must have an amount next to source code 3606 (commission) on an IRP5 to qualify". The expenses I'd like to log relate to work that is not reflected on an ...

Read more →
Older posts →← Newer posts    2  3  4  5  6  7  8  9  10  11  12  13  14  15  16  17  18  19  20  21  22