Can TaxTim update my banking details at SARS?

  Written by Nicci   Posted 10 May 2016

I am unable to go to SARS to update my banking details etc Can TaxTim do that for me?

Can SARS hold a vendor liable for VAT prior to being registered?

  Written by Alicia   Posted 10 May 2016

My B&B started trading in Aug 2015, it's year end is Sep so the first set of Annual Financial Statements will be dated Sep 2016 (14 months). Our management accounts dated April 2016 reflect our revenue is already around R650,000. We are not yet registered for VAT but we'll be doing so very soon. My concern is do we now have to register, submit and pay all the VAT from Aug 2015 to current, OR do we just register, submit and pay from now going forward? I read somewhere that according to the VAT Ac...

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provisional tax due

  Written by Alicia   Posted 10 May 2016

I am now an au pair. Dont know if I need to pay tax. I am getting a monthly salary of R7000. However if the family go on holiday I do not get paid. I also do not get paid on a specific day. Will be before or just after the last day of the month. What must I do?

CGT on primary property worth less than R2m

  Written by Nicci   Posted 9 May 2016

My mum (78 years) wants to sell her house (market value is R1,7million) due to her deteriorating health, she can no longer stay on her own now, what are the the tax implications? Property was purchased in 2008 for R1,1million

Incorrect Initials on IRP5

  Written by Alicia   Posted 9 May 2016

Good Day

I have an IRP5 with n incorrect initials on, how do I go about getting the IRP5 fixed/corrected?

What is the procedure?

Estate duty and tax on a property held within a company

  Written by Alicia   Posted 9 May 2016

What taxes are due on a property owned by an individual when the person dies?
What taxes are due on a property owned by a company when a shareholder dies?

How to claim your vat if you are unemployed

  Written by Alicia   Posted 9 May 2016

I'm a female 20 years of age, married and currently unemployed.
I want to know how to claim my vat from my grocery slips shopping slips etc.. Would you be able to help me?

Must employer refund tax to me?

  Written by Nicci   Posted 9 May 2016

Employer deducted tax from my month's pay as if I had worked only one week instead of four. Must the employer refund the over-deducted tax to me?

I will not earn above the tax threshold this year as I am now a full-time student, so how do I get my money back?

Can I dispute a claim from a few years back?

  Written by Nicci   Posted 6 May 2016

I believe I qualified for a exemption on my tax a few years ago (around 2011/2012) - out the country for more than 183 days with one trip more than 60 consecutive days all for work purposes. My tax consultant at the time said he submitted all the documents, but when I went to SARS they said they had not recieved them. I handed them in at SARS and they requested further information which I submitted. They then requested further information which I then got so frustrated I decided to give up on th...

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Earning R1339.56 and pay tax of R685 every week

  Written by Nicci   Posted 6 May 2016

I'm earning R1339. 56 per week so that they deduct 685 every week - is that normal?

tax liability on a small business income

  Written by Alicia   Posted 6 May 2016

My turnover for my small business was R2 610 525
my loss after expenses was -R793 994
how much tax must I pay?

tax liability

  Written by Alicia   Posted 6 May 2016

Is it possible to pay 25% TAX on a R8 500 salary when you are not employed on a permanent basis as yet?

I haven't received my refund for 2014

  Written by Nicci   Posted 5 May 2016

My original 2014 assessment showed a refund due but it was never made. How do I go about requesting SARS for the refund?

What documents to submit when I use TaxTim to submit my tax return?

  Written by Nicci   Posted 5 May 2016

I am a Sole Proprietor and have signed up for individual tax and provisional tax with you. With regards to my Tax documents, can I send you my bank statements and slips, as well as a summary of my payments on an excel document?

Medical deductions

  Written by Alicia   Posted 5 May 2016

I am not the policy holder or on the policy as the dependent, however I pay for the contributions in full from my bank account. It is my parents medical aid policy. Can I claim from SARS for this expenditure? If yes, what information would I need to support this claim from SARS?

Forex trader tax allowable deductions

  Written by Alicia   Posted 5 May 2016

I want to become a Forex Trader and would like you to advise me on how do I go about? (do I need to form some sort of form from SARS for tax or the money/profit that I will be receiving from overseas would be already taxed and if so what is the name or type of that Tax)

Tax on foreign earned income

  Written by Alicia   Posted 5 May 2016

I've been working overseas temporarily and have save up 2600euros, when I come home will this be taxed when I exchange it to rands.

When do I start to pay tax?

  Written by Nicci   Posted 4 May 2016

My question is from what salary range do you start paying tax?

Can I withdraw and reinvest money in the same year in a tax free investment account?

  Written by Nicci   Posted 4 May 2016

If I invest R30 000 into a tax free investment account in one year, and withdraw R10 000 from that account in the same year, then my total contribution for the year is R20 000. But if I then later in the same year, reinvest the R10 000 into the account, will I be penalised because my total contribution is R40 000 for a specific year?

tax refund and deductions

  Written by Alicia   Posted 4 May 2016

Hi I have never submitted anything for tax so need to find out if there is something to claim I've been full time employed from 2007 and never submitted anything should I have done and what is the procedures, I do pay tax on my payslip and pay half of my medical fund?

Tax on provident retirement fund

  Written by Alicia   Posted 4 May 2016

I am emigrating to Australia in August 2016,my provident pay out would be R180000.00 what would the tax payable be and is there any part of this amount which is tax free.

Source Code Travel Allowance

  Written by Alicia   Posted 4 May 2016

Can a company included both tax codes 3701 and 3702 on the IRP5? How will this affect the tax payable on the income?

Foreign employment income

  Written by Alicia   Posted 4 May 2016

Please advise the tax application on the following

1. SA residents living and working in South Africa for a overseas company. 2. Receiving a salary from the overseas company-paid in ZAR to the employees. 3. Should the foreign company deduct PAYE or should the employee be responsible for it when
submitting their Income Tax in SA.

Tax due on ccma award

  Written by Alicia   Posted 4 May 2016

Hi there I am due to receive R97000 from my ex employer for unfair dismissal was awarded from the CCMA how much tax would one pay on this amount thank you in advance.

Taxation Rate of Retirement Benefit Lump Sum

  Written by Alicia   Posted 4 May 2016

At the age of 58 - if I retire from a provident preservation fund and receive the benefit as a lump sum - at what rate will I be taxed?
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