Can I claim for tax return?

  Written by Marc   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?

  Written by Marc   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?

  Written by Marc   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?

  Written by Marc   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?

  Written by Marc   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.

Tax confusion?

  Written by Marc   Posted 4 May 2013

I am graduate and currently unemployed full-time. I write for a small company. I get R700 a month for writing promos. Now thing is when I get deposit alerts from FNB, they show that R525 has been deposited,I want to know can bank charges for R700 be up to R180 or is there some taxing going on. I don't have a SARS number either. What's going on?

What is the maximum an individual can earn per annum and not pay tax?

  Written by Marc   Posted 1 May 2013

What monthly salary can one earn and not pay tax?

How much PAYE is due on R5 500?

  Written by Marc   Posted 11 April 2013

I have started a new position and would like to know how much PAYE is due?

If I work mid-year, how does that a affect my tax calculation?

  Written by Marc   Posted 10 April 2013

If I start working in the middle of the year and my total income for that year is under the tax threshold do I still have to pay tax monthly for that year?

I would like to know whether I am liable for Provisional Tax?

  Written by Marc   Posted 6 April 2013

I am under 65, DONOT PAY ANY TAX as my taxable income is under R67111. I have investment accounts and according to latest IT3 B statement, interest has accrued to R21000.00. Before this figure increases the R22800.00 threshold should I register as a provisional tax payer.

I am a pensioner and I have R1,000,000-00 on fixed deposit, how much tax will I have to pay? I am 65

  Written by Marc   Posted 4 April 2013

As a 65 year old you will entitled to your first R104 611 of taxable income to be tax free and a further R34 500 of interest.

So for example if your R1 000 000 attracts 10% p.a then the first R34 500 of the R100 000 interest will be tax free and the remaining R65 500 as it is below the tax threshold.

Can i register my daughter as a taxpayer for being a freelance artist?

  Written by Marc   Posted 2 April 2013

My daughter is 15 year old. She wants to be registered with an agent for possible work as an actor.
They require a tax number. She needs to be registered as a freelance worker. Can I register her on my easyfile (I use it for a company). If not, how do I do it? Do we have to submit tax returns every year?

What other medical expenses can I claim from SARS?

  Written by Marc   Posted 31 March 2013

Hi I have medical aid, due to the dr asking private rates I had to pay the dr for every visit an extra R100, I had several visits and now the dr has to do a procedure and I have to pay in an aditional amount can I claim back the money from SARS?

Tax return - UK income?

  Written by Marc   Posted 25 March 2013

I returned to SA following 7+ years in UK. I took up permanent employment in SA during June 2011 and am a residing tax payer on my SA income. Before returning to the SA I ran my own business through a limited company, paid corporation tax and in my personal capacity earned a salary (just below the "personal allowance threshold" which consisted of minimum salary allowance + dividends. Since returning to SA the UK company still received fee income from work I did prior to leaving the UK ...

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What form must I file with SARS, an ITR12 or an IRP6 ?

  Written by Marc   Posted 22 March 2013

I bought an appartment in April 2012 and rent it out. My total income (April 12 to Feb 2013) is R46,000 and my expenses (interest, levies, etc) are R41,000. Total income :R5,000 I haven`t registered myself as a provisional taxpayer. So what should I do for the 2013 Tax return ?
Should I reflected those number on my IRT12 ? or should I register myself on IRP6 ? or should I do both ?

Do I need to pay TAX if my salary is R5500?

  Written by Marc   Posted 20 March 2013

Do I need to pay taxes if my salary is R5500 a month?

Medical aid expenses over the tax credit, can I claim?

  Written by Marc   Posted 18 March 2013

I incurred alot of medical expenses not covered by the medical aid last year and not sure if I will be able to claim them as a deduction in the upcoming tax returns due to the new tax credit method. Is the tax credit only applicable to medical aid contributions or all expenses incurred?

Tax Threshold 2013/14 (for income earned as interest)?

  Written by Marc   Posted 1 March 2013

The tax threshold is R 67111.00. My sole income is R 67110.00 from interest on cash in the bank, one rand less than the tax threshold. I am under the tax threshold, but the income is not active (from work), it is passive(from interest), do I still have to pay tax ?

There is a confusing/conflicting tax break of R 23800.00 for income earned as interest ??
R 23800.00 still falls under the total tax threshold of R 67111.00
Can you elaborate please.

What are the benefits of non residents for taxable income in South Africa?

  Written by Marc   Posted 1 March 2013

I am living overseas for the past ten years and have visited South Africa occasionally for not more that 3 weeks per annum. I earn interest (R24500); dividends from private companies (R65000); retirement annuity income (R17500) amounting to approximately R110K per annum. I am paying taxes as a resident. What will my taxes be like if I were to be taxed as a non resident. Will I still be entitled to the rebates. I am 62 years old and am married in community of property. I will appreciate a hypot...

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Do I have to inform SARS if I am financially dependent on children

  Written by Marc   Posted 28 February 2013

As long as you are not actually earning any income or at least below the tax threshold then if you do submit a return each year you would merely say you are unemployed and submit a zero return.

Would iI need to start paying tax yet if i just graduated and would be on a 6 month contract?

  Written by Marc   Posted 24 February 2013

I completed my degree at the end of 2012 and started interning for an advertising company from Nov 2013 till the end of Feb 2013.

Now they will be employing me on a 6month contract between April and September and I will be getting between R5000 or R5600, contract details have not been discussed yet. But would I have to register as a tax payer if I get the R5000 as I woud be earning less than R5300 or would the fact that it is in the middle of the tax year exempt me from this? How do I go about finding out about SARS things as their website is confusing, I know nothing about these legal things and I'm scared to get caught up like Wesley Snipes... :(...

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If I am a Sole Proprietor earning less than R59 750 for the tax year, am I a provisional taxpayer?

  Written by Marc   Posted 20 February 2013

I am a Sole Proprietor (offering consultancy services) who is earning less than R59 750 for the tax year. I'm not sure if I should be registered for Provisional Tax and filing IRP6s or not?

Additional income, how do I show this on my tax return?

  Written by Marc   Posted 15 February 2013

I am a pensioner with a pension below the tax threshold. However I have additional income from a part time job. Must this amount be added to my pension (which is then taxable)? How do I calculate the PAYE that is then payable?

If an employee earns less than R50 000/ R60 000 per annum, do they qualify for a income tax number?

  Written by Marc   Posted 12 February 2013

This question is required for work purposes including employees needing to register for income tax urgently.

How do the medical rebates work?

  Written by Marc   Posted 9 February 2013

I was wondering if u can maybe assist me.
I?%u20AC%u2122m studying payroll and sars returns, I have an old text book with the old medical aid rates of 720 & 440. I hav a question where I have to calculate the taxable value of medical aid. The question reads, The following tax rebates apply to medical fund contributions: R230 for sole member, R230 for first additional dependent, an additional R154 is allowed as a REBATE for each additional dependent other than the first dependant.
...

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