Company taxing employee on company petrol usage?

  Written by Marc   Posted 4 November 2014

Hi Tim

My husband has started at a new company as a sales exec. He gets company petrol as a benefit and they've issued him with a company petrol card. However now I've noticed that they are adding the petrol useage to his earnings i.e. if his basic is R5000 they are adding R4000 petrol (varies every month) and then taxing him on R9000 gross instead of taxing him on R5000. They then deduct the R5000 off again but he's paying a lot of tax every month because of them adding in the petrol...

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Does a sole prop with employees need to register for PAYE?

  Written by Marc   Posted 4 November 2014

I am a sole prop and therefore do not have a company registered with CIPC. I have a few staff that work for me. Do I need to register for PAYE and UIF with SARS? Can a sole prop (ie and individual) register for PAYE?

Refunds on Withholding Tax?

  Written by Marc   Posted 4 November 2014

We have a Company based in South-Africa but all the work (professional engineering services) we do is for a Company Based in Tanzania. At the end of each service provided to this company we Invoice them and when they pay us they deduct 15% Withholding tax. Each year we receive Withholding Tax Certificates from this Company which we then submit to SARS when our accountant does the Company Tax Return via e-filing. The Withholding Tax Certificates we submitted to SARS this year was for the value ...

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How will I be taxed as a freelancer on retainer?

  Written by Marc   Posted 3 November 2014

Hi there!

I am currently full-time employed as an editor, but would like to go freelance next year. I am busy putting a proposal together to encourage my current employer to keep me on retainer for a portion of my current duties, for a portion of my current salary from January 2015, so that I can at least be guaranteed a basic salary for the first year or so of being a freelancer while building up a client base.

As far as tax goes, my understanding was that the burden was on freelancers to submit quarterly or annual tax returns, and that employers using freelancers were not necessarily obligated to deduct tax on their fees...

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Is there a threshold for registering for provisional tax for a non salary person?

  Written by Marc   Posted 3 November 2014

I run my own business as a sole prop in my own name. I read somewhere that if my taxable income is below a certain threshold for the year, that I do not need to register as a provisional taxpayer. Is this correct? I was under the assumption that because I earn income other than a salary (from carrying on a trade) I am automatically a provisional taxpayer?

If I am below the threshold and do not need to register, then how will I know this before hand? For example, for the 2015 tax year, I will only know if I am below the threshold at the end of the year, being Feb 2015. By then, I would be late in submitting my provisional tax returns (due in Aug 14 and then Feb 15)?...

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Do I need to pay tax for a 6 month contract?

  Written by Marc   Posted 3 November 2014

I have a contract with a rugby union for 6 month R10 000 pm total is R60 000 for the 6 months. Do I need to pay tax?

IRP info not prepopulating on employee profile

  Written by Marc   Posted 3 November 2014

Why is the IRP5/501 Reconciliation information filed with SARS not prepopulating on my employee's IRP5? This particular employee has more than 1 IRP5 for the 2014 tax year.

Lump sum indication on personalization of eFiling form?

  Written by Marc   Posted 1 November 2014

I have a lump sum paid out from a liberty life provident fund, and have a tax certificate for the transaction. When personalizing my return on eFiling, where do I state that I received this income?

Capital Gains based on actual purchase price and price on Deed due to exchange rate

  Written by Marc   Posted 31 October 2014

Bought property for R1500000. By time exchange rate had changed paid R1900000 for it. Could difference in actual price be offset against Capital Gains

What is my taxable amount?

  Written by Marc   Posted 31 October 2014

Do I pay tax on R8500 per month?

my question is, should I have uploaded only for 2012 or for 2013 and 2014 as well?

  Written by Marc   Posted 31 October 2014

Good Day TimThank you for an awesome website.Ive done my efilling on the 20th october 2014, upon my login on efilling, For some weird reasonmy 2012 and 2013 returns did not go through on their site,well I 1st completed 2014 and a payout is due to me.I then completed 2012 and 2013, where 2012 I need to pay in less a 2 digit amount which is not alot.2013 end result no payout,on the 23rd I reived an sms and email stating there is a correspondence awaiting please log onto efilling.the correspondence...

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Incorrect travel reimbursement code on late tax submission which results in taxable income?

  Written by Marc   Posted 31 October 2014

I recently completed my 2014 tax return and was due a refund. Shortly after I was asked to complete my previous year return. I haven't done it as I was under the impression that I was under the tax threshold (below 250k). Whilst doing the return I noticed my previous employer incorrectly included my travel reimbursement under the wrong code per IRP5 ( they included as non taxable where as it was actually taxable as it was over 8000 km)
As a result I have a large amount now owing to SARS.
Is there any way for me to deduct actual costs for this if I don't have a log book? I do have a basic summary for the bulk of the expense which I presented to the employer for reimbursement....

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Must all employees pay deductions

  Written by Marc   Posted 30 October 2014

Do fixed term contract workers also pay U.I.F and PAYE

Medical aid change

  Written by Marc   Posted 30 October 2014

If I changed medical aids during the tax year, and my employer only started paying in December 2013, how do I answer the questions? Part of the tax year I was paying for medical aid, part of the year my employer was paying part.

change of Res.

  Written by Marc   Posted 30 October 2014

Hi are you guys able to assist with changing proof of residence?and then submitting tax return

Can South Africans work tax free in South/ Central America ? Or is this only applicable to the Gulf.

  Written by Marc   Posted 29 October 2014

Tim, I am an engineer and I want to take my family to South/ Central America and go work there for a few years for an international company. The aim is to make as much money as possible. Would I have to pay tax in any of the countries in South/ Central America ? I did something similar working in the gulf and didn't have to pay tax at all as I was out of South Africa for 15 months. That was 10yrs ago. Would the same hold for all countries in South/ Central America or does it depend on the specif...

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Would I qualify for a Tax Refund if I earn R7000 a month before deductions?

  Written by Marc   Posted 29 October 2014

I currently earn a salary of R7000 p.m before deductions. R199.50 is deducted every month for PAYE Tax and R70.00 for UIF.

Do I need to fill in a Tax Return form and would I qualify for any refund. I do not have any Medical Aid or Pension Fund,etc.

I'm not very clued up on all these things.

Your help would be greatly appreciated:-)

I have earned R130K, mostly contract work, no irp5. How much do I keep to pay tax, do I file?

  Written by Marc   Posted 29 October 2014

I have not been filing due to unemployemnt. But this year I have a very small job that will pay out about R30K and I recieve money for contract work to the tune of R100K 1) How much money should I keep aside for tax (approximately)2) Should I file a tax return. (I usually efile.)Thank you so much for your answer in anticipation.

How do I get a Tax number?

  Written by Marc   Posted 29 October 2014

My employer just told me to get a Tax number, so I wanna know on How to get it?

Additional Income - is it taxable?

  Written by Marc   Posted 28 October 2014

I currently earn R12650 R1391.50 shift allowance per month through my company. I will be getting an additional income R8085 from next month separate to my employer.
1. Do I need to declare this additional income?
2. Will this push me into the next tax bracket and what will be my tax amount?
3. How best can take advantage of any tax benefits for this additional income?

How to go about paying tax?

  Written by Marc   Posted 28 October 2014

I have been working and earning an income below the tax threshold and my employer did not register me for PAYE or UIF, in the past 3 months my salary was increased but I was still not registered so have not being paying tax. I have now started a new job and will have to pay tax, what is the process to be followed by me and my employer?

Is Income Tax calculated on : Gross Salary + Medical Aid

  Written by Marc   Posted 28 October 2014

Is it normal practice to calculate Income Tax on Gross Salary + Company Medical Aid Benefits?

ITA34 question?

  Written by Marc   Posted 28 October 2014

What does the below SMS from SARS mean?
'Notice issued on SARS eFiling. ITA34 notice for 2014/1'

Is Road accident fund settlement taxed?

  Written by Marc   Posted 26 October 2014

My wife received an Road accident fund settlement last year (2013) after she was injured as a passenger in a car accident some years ago. Our understanding is that this settlement amount is tax free and does not have to be declared (according to the attorneys). The question is, does this amount have to be indicated anywhere on either my wife's, or my income tax returns (i.e. under non taxable income section) since the money was deposited into her bank account. We are married in C.O.P

I need my tax number and also PAYE number?

  Written by Marc   Posted 25 October 2014

It seems I have forgotten my PAYE number and also my tax number. Can u please check them for me?
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