If I make money selling my book (I pay my normal tax on the income) and then want to give cash gifts of R50 000 each to 6 of my friends who need the financial help, do they have to pay tax on the received amount or do I have to pay extra tax on the money I give away?
SARS used my pension lump sum to pay my administration penalties balance. I have however since this submitted the returns and SARS now owe me an amount. Do you perhaps know how long this could take, as I called them yesterday and they said that all queries on my account was finally resolved.
I have been employed for 3 years and my employer deducted tax from my income. They however never gave me an IRP5 and I have no proof of the income I earned from them as they issued electronic payslips and I never printed it. 2 Months ago they closed their doors and all employees was left stranded, can I perhaps still claim the tax I paid back from SARS if they over taxed me?
My declared foreign income is the same as I declared as the profit for a business because of online graphic design work - I get paid in USD via Paypal and via FNB. Should I only declare this once and remove it from the business? I would hate to pay tax for twice that of my earnings! Please help, thank you.
I have started a shop from home for one year and will register my business only now in February? Is it important to keep the receipts for goods bought in order to file for VAT? Or must I only keep it from the day I am registered? I have kept a book of all my sales for the past year? Is it important for later use once registered?
Good day. I would like help with filing my yearly tax documents to SARS firstly. Secondly, I just registered a small business and would like to have the tax systems in place before starting off with this, thus need help with that as well. Is there a premium product that you have that help people with these types of things?
Naturally when extra income is generated, fair enough, tax must be paid. I have seen you address the Forex trading profit questions from taxpayers but no case of forex trading losses. How does one address Forex trading losses in a personal tax return?
Could I please get assistance with my query. In 2009 I earned R29000 for the entire year as I only worked for a portion of the year. SITE of R1064 was deducted over 6 months. I have tried getting a refund of this money by submitting my tax return however SARS is adamant that I am not due a refund as SITE is non refundable. They have informed me that I should request my SITE to be paid back to me by my employer. Can you please advise.