Can an employer who is not giving you benefits allowed to break down your salary, reducing basic sal

  Written by Marc   Posted 7 January 2014

My. Basic salary is R33943.06
My employer break it down as my basic salary is R28169.48 medical aid R3698.00 , vitality R39.00, provident fund R2063.58 rate per hour R192.20 then deduction is tax R6203.69 and UIFR148.72
Is this legal ? My employer does not give me any benefits from all the deductions.

Can PAYE be deducted if on commission only and can I invoice the company contracting me ?

  Written by Marc   Posted 7 January 2014

I'm a consultant and earned only 5% on commission. The company pays me a retainer of R10K per month. Can they deduct PAYE per month ( 5 month contract only)? if so, of how many %? Can I bill them in my personal capacity or from my CC? what would the tax implication be?

Multiple IRP5 in tax return using TaxTim?

  Written by Marc   Posted 7 January 2014

I'm a provisional tax payer and I changed jobs in February last year. I would like to use TaxTim to submit my return, but would just like to ensure that the program will handle both provisional taxpayer and multiple IRP5s.

How do I calculate PAYE on a 13th cheque

  Written by Marc   Posted 7 January 2014

How do I calculate PAYE on a 13th cheque

Leasehold improvement - how is this taxed?

  Written by Marc   Posted 30 December 2013

Our company has to make improvements to our offices that we lease. I know we should account for these as leasehold improvements and amortize it over the lease period, but will this amortization be a tax deductible expense? (will the accounting and tax treatment be the same?) The total improvement will be less than R7 000 can I rather treat this as a "small items" deduction?

Resident abroad aiming to cash out shares/ unit trusts, do I need to register with SARS ?

  Written by Marc   Posted 30 December 2013

I am a dual citizen (SA & European). I am currently living abroad on my European passport and never formally emigrated from SA. As a result I still hold a bank account there, as well as unit trusts & shares. I left SA shortly after studying so never had a job there/ paid income tax/ registered with SARS. Although I still visit the country on occasion, I am no longer a resident there. I would like to consolidate all my SA assets (have it all in one place) so I would like to "cash out...

Read more →

Confused about a tax audit?

  Written by Marc   Posted 26 December 2013

Hi Tim

I made a mistake on my tax return and included my employer contribution plus my own contribution to the company pension as well as my RA contribution under the RA section of the ITR12 as I was confused by the note that came up on screen saying the amount should also include the pension amounts appearing on the IRP5. I was uncertain but erred by putting down the full pension and RA contribution amounts.

However, I think this flagged me for an audit (never happened bef...

Read more →

SARS not reviewing third efilling correction, requesting documents for something I corrected.

  Written by Marc   Posted 19 December 2013

Great website

I submitted my tax return, via eFiling, and made two corrections (Re-filed) the one was a medical expense correction where I was a few rand off, and the second was depreciation of an iPad for business use (Calculated for 50 percent business and 50 percent personal) - On the initial return I depreciated the full amount (R2033) and on the third correction on my return I depreciated over three years (R190)

I submitted documents for review and audit, and today I received a SARS letter request to submit documents review for the R2033 amount. For some reason SARS is not picking up my third e-filling correction....

Read more →

What is tax rate for RI on 17,000.00 on early withdrawal?

  Written by Marc   Posted 18 December 2013

If I am taking out my pension as a cash out as of 4/1/14 and I am 39 years old what will the tax rate be on 17,000.00?

Where do I find link to 'Directives' on home page of website?

  Written by Marc   Posted 17 December 2013

Where do I find link to 'Directives' on home page of website?
'Services' does not include a sub heading 'Directives'.

I don't understand the SMS received: statement of account has been issued on SARS eFiling?? meaning?

  Written by Marc   Posted 15 December 2013

i received a sms : a statement of account has been issued on SARS eFiling? when can I get my money

EMP 501 completion?

  Written by Marc   Posted 13 December 2013

how do I complete an EMP 501 , for paye reconcilation process and when should I submit it?

Tax with bonus?

  Written by Marc   Posted 12 December 2013

If you earn R5500 a month and in December you get bonus of R5500 as well as your pay for that month. How do you work out how much tax you pay.

Am I viable for a tax return?

  Written by Marc   Posted 12 December 2013

Am I viable for a tax return and how do I find out if I am?

Deduction of tax and UIF?

  Written by Marc   Posted 12 December 2013

If I earn R25732.65 per month. How much will be deducted for PAYE and UIF?

2010 return that is being resolved is already being made payable?

  Written by Marc   Posted 11 December 2013

What should I do if SARS keeps sending me sms to pay for an 'audit' that is still being audited?

Tax payable as freelance worker?

  Written by Marc   Posted 11 December 2013

I work on commission basis as a freelance teacher and have no basic salary. What tax must I pay?

My gross salary is 17076.68 per month how much wil I take home after all the deduction?

  Written by Marc   Posted 10 December 2013

I just got a job and my gross salary is 17067.36 and was told that my total cost to company is 20839.36 and company contribution to my provident fount is 2305.35 so I will like to know how much will my take home after all the deduction e.g provident found ,UIF and tax?

Self Employed expenses which are deductible for tax purposes?

  Written by Marc   Posted 9 December 2013

I have started freelancing from Nov 2013 after being employed up till now.
For my job I require:
ADSL
My car
Childcare
Cellphone
New laptop

What expenses can I take off?

Under which SARS code do I file foreign income?

  Written by Marc   Posted 8 December 2013

I draw a monthly salary, but I have also done some after hours IT work (written software) for an overseas company. Under which SARS code do I file this foreign income?

Contractor Claims - source code 3616

  Written by Marc   Posted 5 December 2013

I am an independent contractor code 3616. I use my vehicle for for business purposes and have an RA.

1) Must I have an RA to claim the max 15% RA deduction or can I claim irrespective having one or not ?
2) My vehicle is paid up, can I still claim the monthly ISA installment I used to pay ?
3) What are the entertainment expenses I can claim ?

Office Allowance source code 4028?

  Written by Marc   Posted 5 December 2013

I receive office allowance as an income and now my accountant tells me I should have this under code 4028 as a deduction. How does one qualify to have this kind of allowance?

Taxable income R121 215.00 received IRP5 too late, what do I do?

  Written by Marc   Posted 5 December 2013

I worked on contract from 2.272012 to 28.2.2013 and my taxable income was R121215.00.
I only received my IRP5 from the contract company this week!
Am I too late ...... do I need to still do my tax or should I do it all next year?
Please help?

PART TIME WORK - how do I disclose on my ITR12 Income Tax Return?

  Written by Marc   Posted 3 December 2013

I am retired and drawing a pension. I also do a bit of accounting work for a small engineering company and for that receive /- R3000 per month. The company is disclosing this as consulting fees in their accounts ie they are not providing me with an IRP5. My questions are (1) Do I disclose this information under the LBTP and ODED sections of my ITR12 and (2) do I have to complete the SOAL section of the return?

Earning Pounds whilst residing in South Africa as a tax resident?

  Written by Marc   Posted 2 December 2013

I'm a South African currently residing in the UK (and have done so for the past 10 years). I will be returning to South Africa as a resident but will still be earning pounds and paying tax on my pounds in the UK. What is my obligation towards SARS?
Older posts →← Newer posts    137  138  139  140  141  142  143  144  145  146  147  148  149  150  151  152  153  154  155  156  157