I earn R8500 a month, which is the most I've ever earned. My boss keeps my salary low because he says that way I won't pay tax. I am so ignorant. Am I breaking the law or is my boss? SARS doesn't know I exist. Would I be fined? I don't have any savings stored up either. It's not that I did this on purpose. If I register it'll jeopardize my job. In fact, everyone working for him isn't registered with SARS. Isn't there a form you're supposed to have at ...
I live in the UK (and have done so for the pass 12 Yrs) but was born and bred in South Africa. I therefore have dual citizenship, having not renounced my SA . I have recently been bequeathed property back in SA, which I plan to rent out for R5k/month.
Am I a tax resident now that I own an asset in the country and do I need to register as one now that I own property and do I need to start paying tax on the rental income ?...
I received an sms saying"Thank you for filing your 2011 tax return Assesment Result: R-9 Selected for Audit : No and the other filing for 2012 tax return Assesment Result R-24 Account Balance:R-33 selected for Audit: No
Would this apply as provisional tax ? I earn income from Cash Back advertising, Basically you purchase a $10 advertising package which promotes your website for 75 days and pays you 2% per day giving you a return of $15 or 150% after 75 days. Thanks for your website, I was totally clueless about tax before.
I've gone through the entire process and am filling in the e-filing form. I'm stuck on the Medical Deductions section. I've filled in what TaxTim suggested, but the e-filing calculator is ignoring the amount at code 4020.
The "Did you incur any medical expenditure?" is ticked "No". But if I change it to Yes then it expects that I have paid to a medical aid and wants a "0" if my "employer" paid the total.
My specific scenario is a little different. My wife pays the medical aid each month and claims that on her own tax return...
"This is a common problem here in South Africa, what to do if you pay for someone's medical aid. The practice is that you can claim this benefit, if asked for documentation from SARS you will obviously have to produce the records you have mentioned above."
Are there regulations / documented precedent that I can cite to support this? I am having difficulty in getting GEMS to understand my request for a tax certificate for another main member (my father) who's medical aid contributions ...
Why are there different levels of rebates, i.e, primary, secondary and tertiary, for natural persons? And what are the effects (on both individuals and companies) of the change from STC to dividends tax?
The current medical deduction system provides relief for individuals contributing towards medical schemes and out-of-pocket medical expenses. However it is inequitable in that it affords greater benefit to higher income taxpayers. Will the Finance Minister's decision to replace the current medical deduction allowances with medical tax credits be more equitable and fair to taxpayers across all income groups?
A burning question people often ask tax professionals is whether or not they are a tax resident in a certain country. The question is important because it distinguishes between tax residents and tax non-residents – both paying tax in South Africa.
Tax non-residents are people who do not ordinarily reside in South Africa but do business here and thus pay tax to the SA government ONLY on what they earned from South African sources.
So as we are getting closer to Provisional Tax Season the question on taxpayer’s minds is, do I qualify as a provisional taxpayer? The Income Tax Act sets out specifics as to who qualifies and who doesn’t.
If you are a salaried employee then your employer will deduct a monthly amount and pay it over to SARS on your behalf. You will only have to file one tax return at the end of tax season.
Otherwise you may qualify as a provisional taxpayer and will have to submit a return twice a year...