Do your Tax with TaxTim and WIN R10,000  More info   T&C's apply

Latest Posts in Tax Q&A

When can I submit my returns?

  Written by Marc  

When can I do my tax returns 2014/2015?

Commission tax query

  Written by Marc  

I earn a basic salary commission. Do I have to pay tax for both amounts combined, or should I only be taxed (PAYE) for the basic salary only? My basic salary is R10k with my commission cap at R5k. Please advise. . .

Declaration of interest on fixed deposits for provisional taxpayers?

  Written by Marc  

I read your earlier reply to a question on income tax on fixed deposits. However, I am a provisional tax payer and my question is, when do I declare the interest earned on a 12 month F D when the inception and maturity dates do not coincide with the tax year?

Will I get a tax refund or am I paying the correct amount?

  Written by Marc  

I basically earn R6500 p/m. Usually my PAYE is 220 a month. I don't how it is calculated. Is it the correct amount that is deducted. Will I get a tax refund?

Net income at R9000 how much is PAYE and UIF before net income?

  Written by Marc  

My net income is R9000, how much should my gross income be and how much should I pay for PAYE and UIF?

How much is Monthly PAYE and UIF if I earn R13232.83 per month?

  Written by Marc  

I need urgent help with calculations of PAYE, UIF.

When can I send my docs?

  Written by Marc  

I have purchased the TaxTim Lite option and I have received my IRP5 from my employer as well as for my RA. When do I send these documents to you?

How does SARS tax earnings from abroad, earned here in South Africa online?

  Written by Marc  

Hi Tim

Hope you're well and that you can assist me. I get taxed on my monthly salary of R31300, however, I'm also an online part time language consultant getting paid in USD from abroad into my paypal account. The employer from abroad currently taxes me 6% of my earnings as I make under 920USD. Paypal then charges me a further 3. 5% for the transfer. My account is linked with FNB, who take a further 1. 5% commission when converting to Rands and transferring the funds to my acc...



Read more →

IRP6 / ITR14

  Written by Marc  

I have a June Year end. We have submitted an IRP6 for December 2014(6 months after year end). Second provisional payment, needs to be completed before year end(correct??) Which is before 31-06-2015? Once this is completed. . . Audit takes place for 2015. Once signed AFS for June 2015 have been received - a ITR14 can now be completed - is this correct? Appreciate your help!!!

Lumpsum percentage if i resign?

  Written by Marc  

How much you tax if I resign from an amount of 1600 000. 00. Percentages?

I want to register for eFiling

  Written by Marc  

How do I register my eFiling by using a smart phone

Do I need to pay tax if I earn less than 250000 per annum, and work on commission only

  Written by Marc  

I am an intern estate agent, only earn commission, no salary , and I get less than R250 000 per annum. Must I pay tax?

How much I pay in order to afford tax??

  Written by Marc  

How to tax me when I'm pay R3000 Monthly?

Waiting for tax refund from SARS?

  Written by Marc  

I am still waiting on my tax refund my statement shows amount refundable after allowable tax credit is -R2113,78 that was the last statement I received on the 5th September 2014

How do I calculate Taxable Income in a Company (SME)

  Written by Marc  

How do I calculate Taxable Income in a Company (SME)

Extra income

  Written by Marc  

I own a one bedroom place, wirth about R700 000 in a retirement place. Besides my own home. My main income is salary and tax covered there, IRP5. I get rent of about R36000?
must I register as a provisional tax payer?
is there an amount of extra income for which one does not have to register as a provisional tax payer?
can that income be placed under a general category as extra income?

Claiming medical money from SARS?

  Written by Marc  

My medical certificate says I have 12000 to claim will I get this money from SARS when I claim.

Tax refund - do I qualify?

  Written by Marc  

I worked for one company and changed to another in January. My income from 3/2014 to 12/2014 was R69500 and 1/2015-2/2015 R37440. How much tax should I have paid?

What costs can be subtracted from the income of our small business?

  Written by Marc  

I am a member of a CC and a partner in a partnership. We are the two same people in both the partnership and the CC. From our activities in the CC, we came upon another way to make money and after a period of testing, we decided to split the other way off our CC activities, so the Partnership became a new business. In order to make this new income stream work, we need to travel and test tourism opportunities in SA as well as some of our neighboring countries to be able to build an internet commu...



Read more →

How much PAYE on R35000.00 pm

  Written by Marc  

How much PAYE am I to pay on a salary of R35000. 00 per month?

Tax on overtime?

  Written by Marc  

Do I not get taxed more on overtime than I would on my basic salary? Is there a way to work this out? I hear you get taxed more on overtime than your basic salary. How do you work this out?

Tax credit for medical expenses?

  Written by Marc  

I have a question about the SARS rebate for out-of-pocket medical expenses: According to your blog post (https://www. Taxtim. Com/za/blog/medical-aid-tax-2014-how-sars-new-changes-affect-you), medical expenses only qualify for rebate IF medical aid contributions are greater than 4x the fixed tax credit. (Assuming the taxpayer is under 65 and not disabled. ) However, on the SARS website (http://www. Sars. Gov. Za/TaxTypes/PIT/Pages/Additional-Medical-Expenses-Tax-Credit. Aspx), under Examples 2...



Read more →

I worked abroad and want to file my tax return?

  Written by Marc  

What do I need to submit my tax return if I worked abroad

How much is my PAYE from a salary of R45000 per month.

  Written by Marc  

How much will be deducted as PAYE if I earn a gross salary of R45000 per month. Put it in cash not percentages. Eg. . . U will be deducted 5000 not 20%. The simbler way. Thank you.

Study loans - how does it work for tax?

  Written by Marc  

If I took out a personal loan to pay for a course on the internet to further my studies, can I claim anything back on the loan. The course is in a different line of work so the company will not pay for it. Regards
Older posts →← Newer posts    151  152  153  154  155  156  157  158  159  160  161  162  163  164  165  166  167  168  169  170  171

Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk

Get SARS Tax Deadlines in your Inbox
We'll tell you when you need to file, along with tax tips and updates.