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Tax Threshold Related Posts - Page 17

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25% tax but under threshold

Posted 4 August 2013

Hi Tim. I'm a freelance drama actor. I get paid around R3000 and am taxed at 25% each month. Do I get a percentage of my tax paid back, or all of it???

My tax position at the end of February 2014 after I received income from two different employers

Posted 1 August 2013

Hi Tim

From my permanent employer I received R5000.00 per month which was increased to R5500.00 per month from July 2013. My contract for this job comes to an end half way through January 2014, therefore being 10.5 months of the 2014 tax year. My employer does deduct any amount for PAYE.

From February 2013 to August 2013 (being a 6 month contract) I had a part time job (being a different employer), where I received R3000.00 per month. My employer here deducted R750.00 per month for PAYE....

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How will I know if I owe taxes? Do I have to file earning less than R5000 per month?

Posted 31 July 2013

If you earn less than R5000 per month, do you have to file for taxes returns?
How can I check if I owe SARS?

How does the rental tax on a first property, paid in cash, work?

Posted 23 July 2013

I currently live with my parents, on their property. I am looking at purchasing an apartment for R650 000 and renting it out. I have been given the option of paying for this in cash and then paying my family back at their low bond rate of 6.5% (prime -2%).

The property will be rented out for R5500. The expenses on the property (rates and levys) are R1800. So the rental income would be R3700pm. This R3700 as well as another R4300 will be paid monthly to my parents (total R8000pm).

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How much tax do I have to pay as a self employed buinessmen?

Posted 19 July 2013

Hey Tim, awesome site and very helpful info. I am not sure of my tax number, I was out the country for a few years and before that I was self employed and now again I am self employed. I last worked for a company n SA probably 10 years ago.

We have started 3 businesses since we have been in SA (my wife and I) and the first 2 didn't really get going at all and cost much more than they made which wasn't much at all. They were both Close Corporations but we never got to the stage when we got a bookkeeper in to do anything...

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Hi, I earn 5500 p/m gross how do I know when I get a return or owe tax money?

Posted 18 July 2013

just want to know how to know and when and what?

Medical Aid Tax Credit - source code 4008

Posted 17 July 2013


My Taxable Income is R 322 058. Through the year my medical Aid contributions were R 13 024 and out of pocket was R 11 359.19. I just wanted to check that I shouldn't be getting a rebate on 4008.

The calculation I'm doing is: Contributions and out of pocket (R24 383) - Tax Credit R246 * 12 * 4 (R 11 616) = R 12 767. This is less than 7.5 % of my income ~R24 000 therefor that's the reason why the 4008 allowable deduction is R 0?

PAYE on R5 000 and under? What do I do?

Posted 16 July 2013

I just want to know if my employees should pay PAYE on R5 000 per month and lower? Or can I only deduct UIF?

Tax Return - when I must I submit?

Posted 14 July 2013

I'm getting confused with regard of submiting tax return. If you earn more then R63556 you to submit your return and on the other side if your remuneration is R250000 you may not subtmit a income tax return. Can you clarify that for me please?

I only started working this year, do I receive a tax refund?

Posted 11 July 2013

I started working on the 2nd of January and therefore my tax was below the threshold to submit my tax. I have heard that I can get all my tax for the first two months and was wondering if that was true?

Are some tax payers exempt from completing a tax return in South Africa?

Posted 10 July 2013

Are some tax payers exempt from completing a tax return in South Africa?

Second question: What is the current tax threshold which I understand as not having to pay tax if you earn less than the tax threshold, correct?

Registering for VAT threshold?

Posted 10 July 2013

Do you have to register for VAT if your gross income is over R1 000 000 or only if the taxable income is over R 1000 000.

Are UK pensions liable to South African income tax?

Posted 8 July 2013

Are UK state pensions or UK company pensions, paid into the UK Bank account of a British national, who is resident as a retired person in South Africa, liable to South African income tax?

If I use your online digital tax assistant application will it correctly cope with such overseas pension income?

No IRP5 for previous years?

Posted 5 July 2013

Thanks for a great site! My question is I did my return on the 2nd July and I'm due for a refund. My concern though is I have been working for - 5years but this was my first return. Is it possible that SARS can penalise me for not filing in the previous years? There are no other IRP5's loaded on my profile so how would I know if I would need to file for those years.

Please assist, thanking you in advance!

Reimbursive Travel Expenses -when is it taxable or non-taxable?

Posted 5 July 2013

My total reimbursive travel expenses are R13 802 for the 2013 tax year. My company rate is R4,30 p/km and I have received no travel allowances during the year. My IRP5 shows both 3072 R12 319 and 3073 R1 483. What code and amount should I put on my tax return?

If earning a salary as well as commission but fall below the necessary threshold.

Posted 5 July 2013

Would a return not be given for commission as this is heavily taxed?

Do I still have to register with SARS and fill in a tax return?

Posted 4 July 2013

In 2012 I was paying PAYE, I got an IRP5 from work but did nothing with it as I didn't know what it really was. Then in February 2013 they raised the threshold and I no longer earn enough to pay tax. Should I still fill in a tax return for 2012? Will they charge me late fees for this?

Medical Aid Monthly Contribution VS Tax Credit on Medical Aid?? How to deduct?

Posted 2 July 2013

Hi Tax Tim
Great website, very helpful over the last couple of months.
I am busy filling in my ITR12, and I have a lot of deductions, ie depreciation etc, but when I enter my medical aid contributions, (paid by myself, R 1900 per month), and I calculate my tax return, it shows in the 4008 field R0.00. Please advise how to make this amount come in to account and how does the new tax credit work in my case? Lastly, re-imbursive travel expenses, how do I deduct this? I travel some times f...

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Does my wife have to submit a return if we receive rental income?

Posted 1 July 2013

My wife earns under the threshold even with the rental income, the property is in both our names
Does she have to submit a return or can I alone submit it on my return?
We are married in COP.

I earned R6 500 and was a temp in the last tax period I only worked for 3 months. How does the tax w

Posted 26 June 2013

I earned R6 500 and was a temp in the last tax period I only worked for 3 months. Can I claim PAYE for those months?

Can I claim for tax return?

Posted 20 June 2013

I am paying a medical aid for my self and my son, I earn only R40 000 pa, can I also get something from SARS and how do I go about doing that I already got a certificate from my medical scheme.

VAT registration?

Posted 19 June 2013

I have just started a small business. What must my turnover be to register for VAT. Currently I am paying VAT on my purchases but not charging VAT on my sales.

Paying Tax for Website Earnings?

Posted 12 June 2013

Hi Tim

I have a website and I receive an income every month through advertising which is paid to my bank account from overseas every month.

The amount differs each month (how much visits I get, ad company etc.)

How will I pay tax if I earn one month R3000 and one month R10000 (examples).

I don't want to pay a lump sum at the end of the 'tax year' if that is what it is called but would rather pay monthly like when you working in a company, is this possible?...

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Own Business Permit as Foreign National?

Posted 24 May 2013

I have just been granted a Life Partnership Visa with Own Business Permit. This will allow me to contract myself out to employers. What tax form do I fill in? What information is needed? How do I pay tax if I invoice a company? And will I be taxed the same as if I was employed by the company?

Does my Employer need my tax mumber to register me for UIF, even if I don't have to pay tax?

Posted 22 May 2013

I don't have to pay tax, because I do not earn enough. I am not registered either and want to know why does my employer need my tax number to register me for UIF? Now they force me to go and register at SARS and I resigned a month ago.
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TaxTim's award-winning tax return services are now free to all Momentum policyholders and Multiply clients:

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 Maximise your refund

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