How do you register a newly formed company for tax?

  Written by Marc   Posted 1 March 2015

Just formed a new pty Ltd company. How do I register the company for tax with SARS ?

Non resident tax payer

  Written by Marc   Posted 1 March 2015

I am a non resident South African - I have been living outside of the country continuously for approximately 3 years. My only source of income in South Africa is a rental property that I own. I still pay a bond on that property. I have therefore tried to complete my return by noting the above. Is there any other procedures that I should follow as a non resident, in terms of making SARS aware that I am residing outside the country at present?

The definition of current tax

  Written by Marc   Posted 1 March 2015

What is current tax

Why are No UIF Conrtibutions & Benefits Payable By & To, Commission Earners etc. ?

  Written by Marc   Posted 1 March 2015

Why are No UIF Contributions & Benefits Payable By & To, Commission Earners?My Income is PAYE Taxable, but I Did Not BENEFIT Financially from UIF, When I Was Re-Trenched/Dismissed & Unemployed For 9 Months :-)

How can I get my SARS tax number easy and fast?

  Written by Marc   Posted 1 March 2015

I once registered with SARS, How can I get my Tax number easy without visiting the nearest Branch?

Where to declare foreign income on ITR12

  Written by Marc   Posted 28 February 2015

I am in the US on a work visa. I have not been back to US in over 2 years. I have South African rental income for the 2014 tax year but no salary income. Where do I declare my foreign income on my ITR12? Is it under SARS code 4222 or Exempt Amount i. T. O. S10(1)(o), or both?

How do I pay my provisional tax by electronic bank transfer through ABSA?

  Written by Marc   Posted 28 February 2015

How do I pay my provisional tax by electronic bank transfer through ABSA?I tried today, but the ABSA list of registered institutions says "instelling rekening nommer: nie beskikbaar nie"

How long do I have to pay back SARS

  Written by Marc   Posted 28 February 2015

Is there a time frame that taxpayers have to pay back SARS. I submitted my return in November 2014, and I have an outstanding fee of R2200.

Provisional Tax Deadline was Missed, couldn't get IRP6 registration in time.

  Written by Marc   Posted 27 February 2015

I'm sort of new to provisional tax (couple of recent months) and I was aware that I need to be submit a return by end of February. The one thing I didn't know is that I need to register for (IRP6) before I can submit one. Always saw it online on eFiling and figured it would work as normal (Income Tax section) and never tested the "functionality" so I did ask for a request to register but as it turns out I didn't get it in time. . . So I was wondering what options do I have? Can I get an extensio...

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My company is registered last year October I want to know when must I start make tax returns?

  Written by Marc   Posted 27 February 2015

I register my company last year I want to know when must I start to make tax returns ?

Classification of income for contract employment and permissible deductions.

  Written by Marc   Posted 27 February 2015

Hello. I work for a company where I was previously employed full time before I relocated. Now I work on a contract basis (contract renewable annually) performing tasks previously in my job description from a home office which I furnish, equip and maintain myself. I work unsupervised and submit an invoice monthly for a set number of hours worked and am paid an hourly rate. As this is my only income, the company deducts PAYE, but I pay for medical aid, retirement annuities and income protection pr...

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Would a refund from SARS form part of your taxable income?

  Written by Marc   Posted 27 February 2015

Is a Tax Refund Taxable?

Do foreign nationals working fulltime with part-time work declare tax for monies paid?

  Written by Marc   Posted 27 February 2015

I am a foreign national on a work permit currently permanently employed and also want to start free-lancing/consultation work. I have had calls from companies/businesses needing my skills and I decided to register a company in my name at CIPRO. The issues are I need a business permit to open a bank account and then register at SARS but this is a huge mountain to climb due to the "unfavorable" requirements required by Home Affairs. If I go ahead with this work whilst I work on my busine...

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Do I need a log book for a sole proprietor

  Written by Marc   Posted 27 February 2015

Hi Tim, I am a sole proprietor and have a question about deducting my vehicle and petrol for business use. Currently I am deducting 70% of my vehicles monthly installment as well as 70% of my fuel costs from my taxable profit. However I have not been keeping a log book, the 70% is an estimate which in my opinion is a bit lower than my actual business use. Almost all my mileage is for business use. Could I get in trouble for this? Do I need to keep a logbook? If ever asked by sars I could give a ...

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Audit complete, still no refund from SARS?

  Written by Marc   Posted 26 February 2015

I filed my return on 07/01/2015. I received no communication from sars until 02/02/2015 informing me I was selected for an audit. I submitted all required documents. I received the letter of completion of audit on 23/02/2015. My statement still shows the same refund amount, but since then no refund was paid.

Why am I being taxed on an amount lower than the tax earning threshold?

  Written by Marc   Posted 26 February 2015

If I earn R5500 am I suppose to be taxed and am a temp?

How to ask for an extension of the time to submit our return?

  Written by Marc   Posted 26 February 2015

We are a Partnership traveling Southern Africa for our business. We traveled and had a lot of vehicle problems and due to that, we cannot finish our tax returns before the 27th of February 2015. What can we do to get a week's extension?

Can I claim for feeding stray animals and taking them to the vet etc.

  Written by Marc   Posted 26 February 2015

I spend at least R2,5k a month feeding feral cats. I have all the invoices from the vet. Can I claim for this?

I am 65 can I claim all my medical contributions from SARS?

  Written by Marc   Posted 26 February 2015

I am 65 can I claim all my medical contributions from SARS for tax purposes?

How do I pay tax if I receive money from multiple employers at variable amounts each month?

  Written by Marc   Posted 26 February 2015

How do I work out how much Tax I need to pay if I receive an income from four different employers and three of them are variable amounts each month?

Do I qualify for a tax refund?

  Written by Marc   Posted 25 February 2015

I find your blog interesting and helpful and I believe you can help clear out the confusion that I have. I started working from 1 May 2014 as a temporary employee until 30 September 2014 and I earned R5000 a month during that time. I was made a permanent employee as of 1 October 2014 and I started earning R10000 a month. I am currently registering as a tax payer with SARS and I wonder if I will qualify for a refund from SARS or not?

Role of SARS in NGO's

  Written by Marc   Posted 25 February 2015

What is the role of SARS in non-profit organisation?

Can education/training/online training be claimed from tax if you're self employed?

  Written by Marc   Posted 24 February 2015

Can education/training/online training be claimed from tax if you're self employed?

DO I have to pay PAYE and do SARS give money back?

  Written by Marc   Posted 24 February 2015

I earn R107000p/a should I pay tax and how much, I hear people say that one can file a request to get their tax money from SARS, please illuminate as I'm really in the dark.

Penalty fee for late payment of tax?

  Written by Marc   Posted 24 February 2015

Please explain what charges are laid against someone for paying tax late?
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