I got IRP5 certificate but it has no tax number, does that mean I'm not registered with SARS?

  Written by Marc   Posted 24 January 2014

I got IRP5 certificate but it has no Income tax number, does that mean I'm not registered with SARS?

Voluntary tax application?

  Written by Marc   Posted 24 January 2014

I started a company in November 2013. My turnover is near R20000 now - can I voluntary apply for VAT?

Is my overseas earning exempt from tax?

  Written by Marc   Posted 23 January 2014

I was working in USA from October 2012 to May 2013 (without coming back home)
I paid Fed and State tax in USA over the period.
So for the 2013/2014 individual tax year.
I was out the country for more than 60 days in one go but not more than 183 in this particular tax year.
Questions are:
1. Are my earnings overseas exempt? or if not
2. Will I include the earnings and get a taxable deduction for foreign taxes paid?

How will proceeds of shares sold to protect capital from an unstable market be taxed?

  Written by Marc   Posted 23 January 2014

Over a period of several years I was given about 25000 of my company's shares as performance awards and options. Usually I had to wait 3 years before I could take delivery of them but when I retired in 2012 the last of them became available to me immediately and I took delivery by the end of May 2012, planning to keep them indefinitely for their dividend income. In December 2012 I was worried about the US fiscal cliff situation and decided to sell them and have since kept the proceeds in a Money...

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eFiling ITR14?

  Written by Marc   Posted 22 January 2014

How do I know the answer to the following question on e-filing.

Is the company resident in South Africa for tax purposes?

Basic salary Comm earned, how am I taxed?

  Written by Marc   Posted 20 January 2014

I am earning R4000 basic commission which could bump my salary over R6000 per month. Am I then taxed for the full amount or would I only be taxed on my commission earned?

Request a correction for provisional tax?

  Written by Marc   Posted 20 January 2014

I have been running a small business and am a provisional taxpayer. I became employed in March 2013 and earn a salary, but still earn income from my sole proprietorship business.

I was advised when I submitted my first IRP6 in August 2013 to keep the salary separate from my other income as it would be reflected in my ITR12 this year with the relevant IRP5. After a bit more homework on my part I realised that I should I have added my total salary to my estimate in my first IRP6 submis...

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Am I a Personal Service Provider for Tax purposes?

  Written by Marc   Posted 18 January 2014

I earn R700,000 in my personal capacity at client A and 300,000 through my CC at client B.
I render the services for my CC personally and more than 80 percent of the fees received by the CC are received by one client. Would my CC be regarded as a personal service provider even though I earn 700,000 separately in my personal capacity?

Will I be taxed on my overseas earnings?

  Written by Marc   Posted 17 January 2014

I just have a question regarding foreign income. I am a South African resident for tax purposes, but I recently landed a job on a cruise ship overseas, which I will be starting in March 2014. I will be earning a foreign income which will be paid into my South African bank account. My contracts will be on a 4 months on, 2 months off basis, so I will be out of the country roughly 240 days a year, of which approximately 120 days will be consecutive. During my 2 months vacation I will not be earning a salary....

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Removing uploaded documents off sars e-filing

  Written by Marc   Posted 17 January 2014

Is there a way to remove supporting documents that I have uploaded on the SARS eFiling website?

Do I need to pay or declare income tax on donations received?

  Written by Marc   Posted 16 January 2014

Hi Tim, I have started a small web design business with a turnover of just under R60 000 per year. I am struggling financially, so my father has been helping me with another R60 000 per year as a donation. I have read on the SARS website that as a sole trader if I earn less than R250 000 per year I do not have to register with SARS and I have no need to register for VAT. My question is, do I need to register with SARS for income tax as my income falls under the threshold without the donation or ...

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IRP5 corrected but not on eFiling?

  Written by Marc   Posted 15 January 2014

I was issued an IRP5 with incorrect amounts, now corrected and have a new IRP5, but on SARS eFiling the old one is still on. What now, have 2 weeks to file?

Tax on leave buyback?

  Written by Marc   Posted 14 January 2014

Some are saying that when an employer buys back leave, the employee is taxed at 50%. Is this correct?

Are private medical expenses especially in terms of drug treatment a tax deduction?

  Written by Marc   Posted 14 January 2014

I recently attended an out-patient drug treatment programme at personal cost roughly equal to 1-month's salary. Is there any tax deduction for this non-medical scheme related expense?

Tax on pension gratuity - what is the amount?

  Written by Marc   Posted 13 January 2014

Is the gratuity from a government retirement pension taxable and if so what %

What amount of tax should I be paying?

  Written by Marc   Posted 11 January 2014

Hi Tim, I am 32 years old and I work as assistant manager. I am aware that I pay tax but I am not sure how much tax do I have to pay every month. How much tax you should pay if you earn R 26000p/m?

Medical aid 3810 fringe benefit tax

  Written by Marc   Posted 11 January 2014

I have submitted my return for 2013, but under source code 3810,I have employer tax contributions on my behalf,where they are paying half. I pay the other half which I claim as a deduction.

It seems as tho I am paying tax on this 3810 amount-as it is a taxable fringe benefit,(R16807)
Can I claim back ?(in addition to claiming my contributions as a tax credit)

The company I worked for retired me at the end of October 2013. Can I get an IRP5 form from them now

  Written by Marc   Posted 10 January 2014

The company I worked for retired me at the end of October 2013. Can I get an RIP5 form from them now. instead of having to wait until March 2014

Where should a British citizen consulting for a Dutch organisation living in South Africa pay tax?

  Written by Marc   Posted 10 January 2014

I am a permanent resident in South Africa, where I have been residing for over three years. I recently started a new job. I am paid as a consultant for a Netherlands-based company, and my pay is made to a UK (sterling) bank account, as I am a British citizen. Where should I pay tax, and must I bring my pay into South Africa within a certain time frame?

Where can I see my finished tax forms?

  Written by Marc   Posted 10 January 2014

I used your services on 22 November 2013 and was impressed. I want to print the results to file it in my personal file at work. Where do I go to retrieve it ?? I cant seem to find it on my pc?!

Have no employer's details to register for tax?

  Written by Marc   Posted 10 January 2014

How can I register for tax when I don't have my employer's details

I am not employed, can I still register?

  Written by Marc   Posted 9 January 2014

I am unemployed, can I still register for a tax number, if yes which documents is required from me to register?

Foreign student earning salary and noticed 25% PAYU deduction??

  Written by Marc   Posted 8 January 2014

I am a Dutch student doing research work twice a week with a local university, I am legally allowed to work and earn a salary with the university.
I however received my first payslip and notice PAYE deduction of 25%, will this money be lost or can I claim it back when I go back to Holland??

Hope to hear from you

Thx

Amount of PAYE and UIF deducted from a salary of R9500

  Written by Marc   Posted 8 January 2014

How much PAYE and UIF would I pay if I earn R9500 a month?

Medical calculation for source code 4008 for 2011 and 2012?

  Written by Marc   Posted 8 January 2014

Everywhere I can find a formula on how to calculate the 2013 medical deduction code 4008, but nowhere one for 2012 and 2011. Your example for the 2013 helped a lot, thanks for that. Can you maybe also give one for the 2011/12 please.
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