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Latest Posts in Tax Q&A

Type of tax should one pay from contracts?

  Written by Marc  

What type of tax should one pay if he gets income from contracts?

How one is stealing from the poor through tax evasion?

  Written by Marc  

Explain why one is stealing from the poor if he is not paying his tax or through tax evasion?

Type of tax to be paid to SARS?

  Written by Marc  

What type of tax should a secretary, 22 years of age with a salary of 132 239 pay?

Releasing of login and password from tax practitioner?

  Written by Marc  

How do I get my eFiling login and password released from my tax practitioner.

NPO SARS assessment?

  Written by Marc  

Can a close corporation be an NPO? Does SARS issue an assessment when you submit a tax return for an NPO?

Stressed because I didn't submit my IRP5

  Written by Marc  

I haven't submitted my IRP5 for 3 years because I didn't have time now I am scared that I might be penalized so what should I do?

Which form do I need to fill in to get registered for tax as a freelance artist ?(Foreign National)

  Written by Marc  

I am a foreign national student (Zimbabwean), I am an freelance performer, I want to register for tax, which form do I need to fill in?

Late tax compliance?

  Written by Marc  

I earn R15000 per month and own my own business (cc) for the past 4 years I have never filed a tax return. I am now moving overseas and will most likely need a tax clearance certificate. What do I do now? I have heard if you earn under a certain amount you do not have to file returns.

Am I entitled to a tax refund?

  Written by Marc  

I got a pension payout from the ex husband as it was in the agreement SARS taxed me R9500 on the amount paid to me

What is my tax rate?

  Written by Marc  

I am a father of 4 and earning a gross salary of R15000 per month. How much tax must I be paying monthly?

Tax free portion of lumpsum?

  Written by Marc  

If you retire -up to what amount is tax free

How do I get taxed on my provident fund if I volunteer for the retrenchment package.

  Written by Marc  

How do I get taxed on my provident fund if I volunteer for the retrenchment package.

Medical Credits Dispute?

  Written by Marc  

I would like to dispute my medical credits which were disallowed for some reason regarding the 2014 tax year, but I have no idea what code is to be used on the dispute form. Could you assist me with this?

Can I claim VAT or qualify the above mentioned type of transaction as a Tax invoice?

  Written by Marc  

I have a Invoice with Invoice NO:XXXX and the supplier charged VAT at 14% which is displayed according to SARS rules. My problem is that the words "Tax Invoice " are displayed vividly underneath the description of the goods purchased as "This is a Tax Invoice", do I claim VAT on this type of a transaction? The supplier is a VAT registered entity.

Can I pay and deduct vat input on this type of transaction?

  Written by Marc  

You ask for a "Copy Tax Invoice" from the supplier and the supplier issues a Tax Invoice ("Office Copy"), is this acceptable as a "Copy Tax Invoice"?

Source code for Interest Received for IT3b

  Written by Marc  

What is the source code for interest received to be used on a IT3b?

Possible tax on resignation benefit of R721263?

  Written by Marc  

What is the estimated tax on resignation benefit of R721 263?

Does cash donation receive included in tax income calculation?

  Written by Marc  

If I receive a cash donation of R45000 from my uncle. Do I need to tell SARS about this and what this will means for tax purposes?

Tax for two weeks service rendered?

  Written by Marc  

Should I pay tax if I rendered a service to someone for only two weeks. I am not an employee of that company. They have to pay me R8100. 00

How much will I get when I resign: R546 000.00 lump sum?

  Written by Marc  

I dont understand the SARD 18% and 36% calculations. How much will I get when I resign:R546 000. 00 lump sum

If I earn R40k pm for 5 months is it anualised for tax purposes and tax liability apportioned 5/12?

  Written by Marc  

If I earn R40,000 per month and only work for 5 months(R200,000) of Tax Year(say 28 Feb 2016), is tax computed on R40k X 12 ie R480k and Tax liability apportioned 5/12ths or on R40k x 5 ie R200k and tax liability only on R200k for full year?

Income tax number importance?

  Written by Marc  

What is the purpose of income tax number

Has UIF deduction been capped at R10 from 1 April 2015?

  Written by Marc  

Has UIF deduction been capped at R10 from 1 April 2015?

Why being taxed on money that is less than R4000?

  Written by Marc  

I normally earn my salary first and be taxed from my salary,and after 2 weeks I then receive the bonus that is less than R4 000 and it is being taxed too,why is this happening?

How do I register as taxpayer at SARS if I work and stay in Botswana. I do earn rental income is SA.

  Written by Marc  

I am a SA Citizen. I work and live in Botswana for the past 15 years. I bought residential property in SA which I am renting out. How do I register at SARS for this rental income if I stay and live in Botswana? What documents will SARS need to register me? Can I take my Botswana proof of residence (for FICA purposes).
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