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Latest Posts in Tax Q&A

PAYE evasion

  Written by Marc  

What happens if someone is not paying the correct PAYE to SARS and they are doing this intentionally?

Evading vat

  Written by Marc  

What if a company is taking cash and not declaring it to SARS? Does the SARS fraud line worK for real?

The formula or method used

  Written by Marc  

Who to calculate medical aid tax paid by the business for the 67years old employee. If the business pay R2000 per month.

Will SARS be able to assist me with the documents since nashua mobile has closed down?

  Written by Marc  

Nashua closed down and where can I get my IRP5 as I need to submit to SARS for audit?

I need my tax number from SARS?

  Written by Marc  

I dont know my tax number. My Id Number is 8604165133084

Selling software and rights taxation

  Written by Marc  

I have been developing and maintaining various software throughout the past 4-5 years, I earn a income on the sale of 1 year licenses of these software and declare it as part of my normal monthly income and pay normal income tax on this. I have however been approached by a company wanting to buy the software and all the rights to it from me, how will taxation work on this? I am already being taxed to oblivion and beyond on the sales as I declare it as part of my normal income, would hate to have...



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What will my tax be?

  Written by Marc  

HOW MUCH TAX WILL I PAY MARRIED WITH 2 CHILDREN ON A GROSS SALARY OF R35. 000. 00?

What is gross salary for net salary of R22000.00

  Written by Marc  

What is the gross salary if the nett salary is R22000. 00

CODE 3805, CAN I CLAIM

  Written by Marc  

Hi Tim, can I claim on code 3805 as per my IRP5

Capital gains tax on sale of house?

  Written by Marc  

I bought a house in November 1999 for R275,000. It was my primary residence up to November 2014, since then I rented it out. If I sell it now for R1,000,000 what will the basic cost be? And the capital gains tax?

Tax calculation on retirement?

  Written by Marc  

I intend to retire at 44, and lump sum is about R719000. How much tax am I to pay?

What is the impact of the tax credit in a case where the employer pays 50% of the monthly medical co

  Written by Marc  

What is the impact of the tax credit in a case where the employer pays 50% of the monthly medical contribution and the employee pays 50% of the medical aid contribution?

GEPF options to minimize tax?

  Written by Marc  

I am resigning from the GEPF. I have two options either transferring to a preservation fund or having the money transferred into my bank account. What are the benefits of the two methods in terms of the tax that I will pay

Taxed 199999 from provident fund how much will I get?

  Written by Marc  

How much will I get from SARS after been taxed R199999 from my rovident fund

Approved I'll health retirement

  Written by Marc  

If I am going on early I'll health retirement and I am disabled, is my lumpsum still taxable?

Purpose of provisional tax?

  Written by Marc  

What is the purpose of provisional tax?

I need my eFling details please?

  Written by Marc  

How can I see what my details is at tax as I want to register for eFiling but they say my info is not the same.

Non residents - do I need to submit a tax return on interest payments

  Written by Marc  

I am a non resident but earn a small amount of interest from a FNB non-resident bank account. Do I need to submit a tax return. Can I do it through TaxTim

Vat return Inputs and Outputs?

  Written by Marc  

I am currently busy with my company's VAT return for March and April, but our invoicing is a lot more than our purchasing. It looks like we will have to pay about R180k, My question is : Can I hold back on some of our invoicing when submitting my return? Since we have 5 years to claim it?

Import and export VAT?

  Written by Marc  

My Company has made use of a shipping agent to clear our containers however, I am told that we can claim the vat on this (when the shipper has paid for it already) We have not paid the agent our self, Is it possible to claim this vat? even though we have not paid the Agent.

Can I open offshore company/trust in tax-haven countries to avoid paying full tax in SA?

  Written by Marc  

Is it LEGAL or ILLEGAL? Can I open offshore company/trust in tax-haven countries like Mauritius to avoid paying full tax in South Africa? I would like to know is it legal or illegal as per SARS code of conduct? waiting for reply.

Will I have to pay more tax if buying property when I dont pay personal tax working abroad?

  Written by Marc  

Hello, I will be working abroad for a year and upon my return would like to buy a house, what is the tax implication for this? as I would have been tax exempt being out of the country for a year.

How do rebates work?

  Written by Marc  

I have started a new job and have been told my salary will be R7000 a month, on top of this, they are saying that I am going to be taxed 18% per month. I am just a bit confused. . This seems very high for such a small salary. . . And then there comes the topic of rebates. I have been told that at the end of the tax year I can claim this back? But this is all going over my head, can you please confirm that the 18% a month tax is correct (i do not have any medical aid, retirement funds etc) and th...



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Public Benefit Organization rental income tax exempted?

  Written by Marc  

If a Public Benefit Organization that is tax exempt wants to lease a part of their property for the Establishment of a Telecommunication Basestation, will they loose their Tax Exemption and will they have to pay tax on that rental income?

What is my SARS income tax number?

  Written by Marc  

What is my tax number?
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