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Latest Posts in Tax Q&A

IRP6 required



SARS requested an IRP6 from me but I was not trading in that tax period, what should I do?

Claim more than 27.5% on retirement deduction



If I am able to contribute more than the mentioned 27.5% of my income towards a retirement fund, will SARS still give me a deduction for the entire contribution?

Tax on pension contributions



I save money in a separate bank account and plan to use it once I retire, can I claim it as a retirement fund contribution?

Calculate the tax amount when I resign at work on the amount of R1200 000 pension and provident fund



How do I calculate the tax amount when I resign at work on the amount of R1200 000 pension and provident fund

Tax estimation



Good day I intend resigning from the public service after 26 yrs service. My resignation benefit is R2,5 million. May you kindly estimate how much will be taxed?

I need copy of IRP5 from 2008 to 2009



Hi I am in process of immigration to Australia and my case officer ask me for my IRP5 for a formal employer it was since 2008 and I am not sure that I got it or not is there any way I can get electronic copy

Paying double tax on pension



I get paid a monthly pension from my late husband's employee benefits, on which PAYE is deducted. On the annual tax statement and the details that get sent directly to SARS, it will show the full gross pension for the year, less the PAYE paid. Why then, does the net pension amount (after PAYE) still get included in taxable income for the year? Surely I am then paying PAYE as well as another layer of income tax on the remainder, i. e. On the net income? My tax assessment shows the taxable pension...

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How do you perform tax calculations for property and interest while married in Community of Property



My husband and I own property, receive interest income and are married in Community of Property. What percentage of the property income, property expenses and interest income should we each include on our Provisional tax under the total turnover and estimated taxable income respectively?

Does income earned in Mozambique need to be included in my SA tax return if I reside in South Africa



I work remotely for a Mozambique company in South Africa, do I have to include the income earned in Mozambique in my SA tax return?

Tax directives



I went from a permanent position to a consultancy contract position - Do I need a tax directive and what kind of tax directive ?

I need a new tax number



I need a new tax number as SARS says I cant use my old number to apply for a tax directive after I was declared insolvent, can you help me or tell me how I should go about this please?

Foreign tax on invoice



We charge a management fee for services rendered in Botswana. They withheld 10% how do we claim it back and can we claim any VAT on this invoice from outside in South Africa?

Payment of income tax on Fixed Deposit investments



If I dont receive the interest I earn as my investment is over a 36 month period, do I still have to declare the interest earned during the year?

Can I still submit a claim?



How can I check to see if I have unclaimed cash with SARS, I pay tax all my life and never claim anything, I'm working for an electrical company?

What deductions are allowable for a salaried employee who works from home?



I am a monthly salaried employee and my employer deducts PAYE. However, my salary is based on an hourly rate with no fixed base, i. E. No work, no pay, and varies from month-to-month. I work 100% from home and am responsible for all work-related expenses. Can I claim a percentage of my rates and taxes, electricity and telephone?

How much monies after tax?



I received a R9000 settlement from a CCMA dispute, can you tell me how much tax I should pay on it please?

Payment of income tax on rental income and interest earned.



I have some rental income that I would like to invest monthly in my fixed deposit. I know I must pay tax on both the rental income and the interest earned but when? I have to fill in a tax return twice yearly as a provisional tax payer. If the rental income and interest is fixed into the deposit account and I am not allowed to withdraw money, how would I go about paying the interest? Should I keep funds separate specifically for this in another account.

Deregister foor provisional tax



I am an estate agent and earn only commission income. I am registered for provisional tax, but my employer has now started to deduct PAYE from my commission. Can I now deregister for provisional tax?

TCC and tax number



How would I get a tax number and a tax clearance certificate. Please help?

Can I get my tax clearance certificate online



My tax clearance certificate has to be renewed soon, can I do it online, and how, Kindly assist.

SARS is asking again for supporting documentation, but I have already submitted it in December



I have submitted supporting documentation as requested by SARS in December already (22/12/2016). I have received another request for supporting documentation, but it seems to be for the same documents. Please help?

What are operational assets for a digital marketing company?



What are operational assets for a digital marketing company?

Tax on internship stipend



As an intern is my employer allowed to deduct tax from my stipend?

IRP6 completion



SARS says that my taxable income is an error, but I declared the income I earned for the year.They keep speaking about my previous year's income but I am no longer employed, how do I fix this?

Lump sum on IRP6



Am I supposed to include my pension lump sum on my IRP6?
Also, how should this income be reflected on the annual income tax return?
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