E.g on R215 000 gross what percentage tax do I pay to SARS?

  Written by Marc   Posted 18 February 2015

What is the percentage tax payable on gross earnings per group?

Must I pay taxes at age 20?

  Written by Marc   Posted 18 February 2015

I am 20 years old and I earn R78000 p/a should I pay tax?

What is fsp purpose in relation to tax and pension funds

  Written by Marc   Posted 18 February 2015

Can FSP help with tax matters and pension funds payout. Are they helpful or just another daylight robbers?

How long, if you dont have a tax number, do u have before you need if u have recently been employed?

  Written by Marc   Posted 17 February 2015

Lets say someone just recently started working, and wont be able to get their tax number before pay day. Is there an allowance or period that that person allowed to get my tax number without any penalties?

My wife earns 35% commission (salary) per month ,how does her employer calculate her PAYE?

  Written by Marc   Posted 17 February 2015

My wife does not earn a salary but earn 35 % commission on all work done. She generally earns more
than R10 000 per month. How does her employer calculate her PAYE?Can one use the calculator on
your website?

Withholding of information and tax related information

  Written by Marc   Posted 17 February 2015

I am a member of a CC which was used for transactions of another person. The tax returns have not been submitted and they refuse to provide the information to enable me to submit these returns. They even "hijacked" the CC's info on e-filling, so I am unable to get any information. What must I do now?

I need assistance regarding provisional tax

  Written by Marc   Posted 17 February 2015

I am a full time salaried employee who earns a monthly salary from my employer which is taxed. However I also do 'contractual' work for the same employer that is not taxed like my salary is. I started receiving this additional income from September 2014 - February 2015 and in total I would've received R22,000 income that has not been taxed by the end of Feb. I want to know if I need to register for provisional tax? How much would I be looking at paying? I do have expenses that I would like to in...

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Medical deduction 2015

  Written by Marc   Posted 17 February 2015

Can you please tell me what will happen when I am older than 65 and have no medical aid, but do have medical expenses. What will my deduction be for the 2015 tax year if my other medical expenses R36 000 and taxable income R 350 000?

Can we deduct loan payments ans taxi fare expenses?

  Written by Marc   Posted 16 February 2015

Hi TimI would like to know if a private company can deduct a loan repayment which was utilized in the production of income, the proceeds received and receivable, of which have been included in gross income. Furthermore, can the company also deduct other miscellaneous expenses such as taxi fare and so on. Thank you.

Provisional tax for bonus paid

  Written by Marc   Posted 16 February 2015

Ood day Tim, I heard from a passerby that I can ask my company to deduct provisional tax every month from my salary for the next reason :When I receive my annual bonus, it can be paid out in full, due to the fact that I already paid the tax throughout the year. Does this make sense? And how legit and effective is this? What if I am not due for an bonus for any reason whatsoever. . . Will the company be able to return the provisional tax money paid?

IT3a When do I recieve it.

  Written by Marc   Posted 16 February 2015

When do I receive a IT 3a to declare the income at the end of Tax year.

Changing accountants, from my current one to TaxTim

  Written by Marc   Posted 16 February 2015

I already have an accountant that does my tax returns etc. I would now like to change over to TaxTim. What is the process in changing?

Tax fluctuations on my payslip?

  Written by Marc   Posted 16 February 2015

Why does tax differ/fluctuate from month to month even though nothing has changed in your salary?

Bank statements

  Written by Marc   Posted 15 February 2015

I want to apply as a taxpayer, what if I don't have three months bankstatements yet,but I have my contract?

When is my first provisional tax payment duel?

  Written by Marc   Posted 15 February 2015

I established a new medical practice in January 2015. When is the first provisional tax payment due?

What will my refund be?

  Written by Marc   Posted 15 February 2015

How much should I expect to receive from SARS as a refund?

Income per annum to submit tax return to SARS?

  Written by Marc   Posted 15 February 2015

What must your salary per annum be to submit your tax return?

TAX ON FOREIGN INCOME

  Written by Marc   Posted 14 February 2015

What EXACTLY does this mean:"Foreign tax credits for this period (6 months) - if you earned money from overseas and any taxwas withheld or paid, include that amount here"?I get rental money (paid into an account in the UK) from a flat I own in London. I have to pay tax on that in the UK. So what does the above mean as far as I am concerned (I'm completing my second IRP6 for 2014-2015 period)?

Should student register as a taxpayer

  Written by Marc   Posted 13 February 2015

Hi Tim,

My daughter is an Arts student and occasionally (2-3 times per year) does Poetry performances, for which she is usually paid in cash. She recently performed at a theater, and the theater company now wants her to register as a taxpayer in order for them to pay her. According to them, in November of 2014, a new law was passed requiring everyone that earns income to register as a taxpayer. Her total earning from the few performances she does for the year would hardly be in excess...

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How much will I pay on a salary of R5772?

  Written by Marc   Posted 13 February 2015

Do interns subject to income tax?. . My gross salary is R5772,00

How can I apply and register for Business tax reference

  Written by Marc   Posted 13 February 2015

How can I apply and register for Business tax reference

RA - not full tax year

  Written by Marc   Posted 12 February 2015

How do I enter my RA amount if I've only been contributing for the last few months of the tax year, ie from 1 November? Would I enter the total of the monthly amount paid in the year section?

In need of a tax number

  Written by Marc   Posted 12 February 2015

I need a tax number, I have never had it before and the SARS office are too far from where I stay.

Foreign income tax for SARS?

  Written by Marc   Posted 11 February 2015

I'm moving back to South Africa after 5 years but have forex investments abroad, I will be transferring the profits to my south African bank account monthly once I am back, how will I be taxed for this? if I keep the money abroad will it change things?

Tax directives on commission?

  Written by Marc   Posted 11 February 2015

What is the position where an employee earns a high salary and pays site and PAYE on this but also earns commission over and above his salary. Can he claim a tax directive on commission or must he estimate his tax liability. This could be difficult as he does not know what commission he will earn.
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