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Latest Posts in Tax Q&A

Earning a salary in the UK but living in SA.

  Written by Marc  

This is a question which is related to the question posted below: Posted 2 December 2013 under Tax Questions 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 (This is a salary I'm earning from the UK. I basically do Marketing work for a UK based company and get paid in pounds into a UK bank account and also pay taxes in the UK). What is my obligation towards SARS? My qu...



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Claim for disabled person in my tax return?

  Written by Marc  

I have a son who is disabled and want to know what and how I can claim for his medical expenses. He was born with brain damage, nystagmus and epilepsy.

Can you claim for use of your private vehicle for work without a travel allowance or car allowance?

  Written by Marc  

Can you claim for vehicle usage if you used your private car for work and got a detailed logbook for it but did not receive any travel allowance or car allowance?

Im jobles now ,will I still get a tax refund?

  Written by Marc  

Greetings !I'm no longer working,so I want to know am I still going to get a tax refund?az I got 2years ago?

Is everbody entitled to R500 000 tax free amount on retirement funds

  Written by Marc  

I have retired at the end of December 2007. At that time the tax free amount was R300 000. Since that time the tax free amount was increased to R500 000. I have a retirement annuity which is due to pay out soon. The 1/3 lump sum which I intend to take is R46 000, Will tax be deducted from the lump sum amount or will it be tax free?

Can I earn a salary on a retirement visa??

  Written by Marc  

Good Day, if I am from the UK and I am on a retirement visa in SA, and I have bought into a business, is it legal to earn a salary? I am a director of the business. If I am allowed to earn a salary, then must I pay the tax considering what visa status I'm on. If I pay it into my wife's account who is a SA citizen, will that be construed as tax evasion?

Med deductons

  Written by Marc  

I am 78 years old I paid R27000. 00 medical for the year what can I deduct from my income

R14 000 income per month for a year how much return can expect to pay?

  Written by Marc  

I started my business in 2013 June I started buy material for my business I never paid tax before every month I get ± R14000 how much can I maybe be owing?

Self employed income

  Written by Marc  

I was full time employee for the first six months, and then changed to self-employed contractor issuing an invoice to a seperate but related entity. What are the deductions I can claim against income invoiced?

What deductions can I claim as an independent contractor?

  Written by Marc  

I have a permanent salaried job and I do work for others as an independent contractor as well. What deductions can I claim as an independent contractor? Can I claim more deductions than I receive as revenue as an independent contractor (effectively losses).

SARS payment

  Written by Marc  

Tax has been deducted from my salary every month but the lady from SARS who I spoke to over the phone said they have no record of my payments. Where has this money been going to?

Is it necessary to register company for VAT

  Written by Marc  

I am in the prcess of starting my own company. The planned income per month will be 65 000 to 70 000 and payments around 35 000. A small company. Is it necessary to register for VAT or will I still be under the threshold?

Taxation of lump sum amount from profit share of company

  Written by Marc  

How will I get taxed if I receive a percentage of the net profit from the company I work for every few months as a lump sum, which is additional to my base salary?

What is my tax obligations when running a DVD rental store as sole proprietor?

  Written by Marc  

I am thinking about acquiring an established Dvd rental store and plan on running it as a sole proprietor and using my personal bank account for the business. This would be my only income and only business. * How would I calculate my "taxable-income" Ex. , (all amounts are monthly expenses) The total turnover would be roughly R15000 of which, R4000 goes toward purchasing films (stock), and R5000 would go toward renting the premises. I would also need to purchase printer ink, paper, stationary,...



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Just an Enquiry

  Written by Marc  

Hello. I received a message from the GEPF about I. R. O and the tax directive from SARS. I'd like to know how long do I have to wait until receive the gratuity since SARS has taxed me? Thank you.

Have to pay my own tax - how?

  Written by Marc  

In my company I was permanent from June my position will be independent and I will have to pay my own tax. Can I do this monthly and how do I do this?

Do I have to wait for my IRP5 from my employer?

  Written by Marc  

Do I have to wait for my IRP5 before I can fill in the details?

Forgot my tax number - where do I find it?

  Written by Marc  

I forgot my tax number - is there any way for me to get it online (without having to call in)?

How do I know if I am due a refund?

  Written by Marc  

Should I get a tax refund?

How will I be taxed if I only received capital injection no orders yet?

  Written by Marc  

I am a sole proprietor, started my business with no income received yet except capital injection to start and from that received salary. How will I be taxed?

How do handle monthly donations made?

  Written by Marc  

Sole proprietor, when do I handle donations made monthly?

Tax on extra income

  Written by Marc  

I am a widower earning a monthly salary of R5500 p/m and have a fixed widow's pension - R5500. 00 p/m. Every year I get taxed and have to pay back - Is there any way I am doing something wrong that they tax me to pay back - R10000. 00 per year on assessment?

My employer cannot pay my provisional tax so I have been getting a full salary.

  Written by Marc  

My employer cannot pay my provisional tax as they do not have enough funds to match my provisional tax (meaning what they have to pay from their pockets to SARS). They have been paying my salary in full with no deductions and it has been up to me to save that money and pay my tax in November 2015 as a Regular tax payer. How much will my tax be? I earn R15000 per month. Worked out that my tax would be R2700 per month.

TAX ON BONUS

  Written by Marc  

IF MY SALARY IS R4500-00 IT IS BELOW THE TAX BRACKET SO WHEN I GET MY BONUS WHICH IS DOUBLE MY SALARY SHOULD IT BE TAXED?

Non-resident tax qualification and documentation

  Written by Marc  

I am a South African citizen, employed by a South African company, which has subsidiaries across the continent. I am being paid out of South Africa, into a South African bank account. I have been seconded to work in East Africa for a year. On my salary, regular PAYE and UIF are being deducted. I plan to spend a minimum of 183 full days (including 60 consecutive full days) out of the country. What else do I need to qualify for the non-resident tax exemption? Are there any particular codes on my p...



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