Is a loan to an employee a S11a deduction?

Written by Marc
Posted 24 January 2015
If a company borrows e. G R5000 to an employee, with no interest, Is it a S11 (a) deduction? where do I work it in, in the taxable income of a company?
Is it mandatory to file every NOO that you request on eFiling?

Written by Marc
Posted 23 January 2015
How do you delete/cancel a Notice of Objection that you have requested on eFiling when you realise SARS have actually been right in their assessment. This is before filing the NOO.
Who should be liable if you income gets combined by SARS & you owe them but you as the tax payer wer

Written by Marc
Posted 23 January 2015
Why would you fall under another tax bracket if you get a basic salary from employer A & commission from employer B which get paid on different dates, however you pay tax on both according to what you earn from each employer A & B ,who should be liable if you income gets combined by SARS & you owe them but you as the tax payer were not aware of this, you only find out once you submit your returns.
How would an individuals tax be calculated if he/she earns a basic salary plus a commission per year

Written by Marc
Posted 22 January 2015
Does an individual taxpayer pay any PAYE on commission earned?
VAT on maintenance expenses for rental properties?

Written by Marc
Posted 22 January 2015
I have an income from a rental property. I am allowed to deduct maintenance expenses from the income for tax purposes. Must the deductions values for maintenance include or exclude VAT?
Do I need to pay tax?

Written by Marc
Posted 22 January 2015
I earn R5000/month without any further benefits from my employer. Do I need to register and pay tax?
How to pay SARS dept by debit order?

Written by Marc
Posted 22 January 2015
How does a person apply for debit order method pay SARS dept.
Is the ref number on my irp5 a valid tax number or should I register

Written by Marc
Posted 21 January 2015
I am starting a new job next month and at my previous work I received a IRP5 form but my annual salary was below R60000, so it wasn't necessary to register for tax. Now at the new job I am going to get above R60000 annually. So now the new employer needs my tax number. Is it the reference number? or should I still register for tax?
Do you charge fees for helping me with tax?

Written by Marc
Posted 21 January 2015
Do you charge fees for completing tax returns?
How much will be deducted for tax purposes?

Written by Marc
Posted 21 January 2015
Minimum tax charged on R 600 000 upon resignation .
Treatment of reimbursive and travel allowance in the same period?

Written by Marc
Posted 20 January 2015
How do we calculate business km's when employee has got both reimbursive and travel allowance?
Correct codes for medical expenses?

Written by Marc
Posted 20 January 2015
I need to know which code I need to use when adding an amount to medical cost incurred and paid for by myself.
SARS think I'm married but I'm not?

Written by Marc
Posted 20 January 2015
What should I do if my tax return states I'm married (out of community of property), yet I've never been married?
What must I submit to SARS by the end of January 2015?

Written by Marc
Posted 19 January 2015
After submitting my normal Income tax return for 2013-2014 around August last year I was advised by SARS that I was a provisional taxpayer and should submit a return by August 2014. As this deadline had passed I was advised by a SARS consultant to submit the second return by February this year 2015. I see from your reminder that Provisional tax returns is required to be submitted by the end of January 2015 for the 2013/2014 tax year. As I was not advised that I was a Provisional tax payer at tha...
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How to get a tax clearance?

Written by Marc
Posted 19 January 2015
I have registered a company back in May 2013 but I have never used it due to other commitments. I just want to know how can I get tax clearance certificate for 2015?
Do local dividends do they get reflected on an IRP5?

Written by Marc
Posted 19 January 2015
Local dividends do they get reflected on a IRP5?
Why so much Tax? (SARS fortmonthly, PAYE, Personal Provisional Tax & Business Provisional Tax)

Written by Marc
Posted 19 January 2015
My husband owns a company and has been instructed by his Financial Service Provider to make 2 separate payments for Provisional Tax, One payment for Personal Provisional Tax & Business Provisional Tax, Why are we liable to so make so many payments to SARS. As it is we pay Tax every 2 months as well as PAYE?
Can I distribute dividends on the DTR01 form to more than 99 beneficieries ?

Written by Marc
Posted 19 January 2015
I have a query regarding the DWT01 form on e-filing, we need to distribute dividends to /- 154 beneficiaries and according to my knowledge you can only select 99 beneficiaries to distribute to on the DWT01 form.
Will we able to distribute to more than 99 beneficiaries on the DTR01 form on a single period?
Tax payment for over 65 years?

Written by Marc
Posted 18 January 2015
I am 65 years old married in community of property, I receive a monthly annuity of R5,000, I also receive interest from fixed deposits of R16,000 per month, what would my tax payment per annum be.
Do I need register for provisional tax?

Written by Marc
Posted 16 January 2015
I currently earn a salary above R70,000 a year and I want to start doing some freelancing work where I will be serving mainly international clients and will be paid through PayPal and then withdraw that money to FNB.
I will be doing this job as a hobby so I expect to make maybe few hundred rands a month, and sometimes less, so it won't really be an income.
So I need to know if I have to register for provisional tax?
What is the rate of tax for the sale intellectual property to a foreign company?

Written by Marc
Posted 16 January 2015
What is the rate of tax for the sale intellectual property to a foreign company?
Do Zimbabweans with work permits pay tax and is it calculated the same as for South Africans?

Written by Marc
Posted 16 January 2015
Do Zimbabweans with work permits pay tax and is it calculated the same as for South Africans?
What percentage tax we would pay on our income per annum for our business?

Written by Marc
Posted 16 January 2015
We own a business and I need to know what percentage tax we would pay on our income per annum?
Can I claim more than the allowance: note salary is more than 50%

Written by Marc
Posted 16 January 2015
I am a business manager earning a salary/commission. Salary is more than 50% . I receive a travel allowance of 2500 per month.My m/v expenses are greater than 2500 per month. Can I claim more than the R30 000 allowance?
Income tax returns outside of SA?

Written by Marc
Posted 15 January 2015
I work outside of South Africa, since 2010, what is the implication regarding my Income Tax Returns?
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