How to go about paying tax?

  Written by Marc   Posted 28 October 2014

I have been working and earning an income below the tax threshold and my employer did not register me for PAYE or UIF, in the past 3 months my salary was increased but I was still not registered so have not being paying tax. I have now started a new job and will have to pay tax, what is the process to be followed by me and my employer?

Is Income Tax calculated on : Gross Salary + Medical Aid

  Written by Marc   Posted 28 October 2014

Is it normal practice to calculate Income Tax on Gross Salary + Company Medical Aid Benefits?

ITA34 question?

  Written by Marc   Posted 28 October 2014

What does the below SMS from SARS mean?
'Notice issued on SARS eFiling. ITA34 notice for 2014/1'

how do I get my efilling password?

  Written by Marc   Posted 28 October 2014

How do I get my efilling password?

Did not file SARS last year want to register on eFiling this year what must he do?

  Written by Marc   Posted 28 October 2014

If somebody did not submit his SARS last year but he want to register on eFiling this year can he do it and what is the path needed to take?

If I earned only 55.000 Rand for the whole year through freelance activities, will I have to pay tax

  Written by Marc   Posted 27 October 2014

I understand that the tax threshold in 2014 is 70700 Rand. In the financial year 2013/2014 I have earned only 55.000 Rand through freelance activities with different companies (I am a student). So my question is, will I have to try to bring the taxable income even more down (e.g. through claiming business expenses, medical expenses etc.) or do I need not bother as I am anyway below the threshold?

I would like to know if I have to pay tax even if I am not yet permanent employee?

  Written by Marc   Posted 27 October 2014

I would like to know if I have to pay tax even if I am not yet permanently employed and if I am using my partners medical aid do I also have to submit the medical tax certificate?

Is Road accident fund settlement taxed?

  Written by Marc   Posted 26 October 2014

My wife received an Road accident fund settlement last year (2013) after she was injured as a passenger in a car accident some years ago. Our understanding is that this settlement amount is tax free and does not have to be declared (according to the attorneys). The question is, does this amount have to be indicated anywhere on either my wife's, or my income tax returns (i.e. under non taxable income section) since the money was deposited into her bank account. We are married in C.O.P

Tax on monthly gift from family

  Written by Marc   Posted 25 October 2014

A family member is paying money into my account (a fixed amount) over a few months to help me pay back a debt.It is a gift from them to help.Do I have to pay tax on this .I am unemployed and do not submit returns.

I need my tax number and also PAYE number?

  Written by Marc   Posted 25 October 2014

It seems I have forgotten my PAYE number and also my tax number. Can u please check them for me?

What is included in 'Cash on Hand'?

  Written by Marc   Posted 24 October 2014

HiI've received two IT3(b) forms from Nedbank. One is for a Park It Account (which is a 24 hour interest bearing account) and the second is for a Savvy Account (which is considered a cheque account and bears no interest).When it comes to completing my ITR12, under Local Assets, I have an amount which needs to be entered as Cash on Hand.Now I have a closing balance for 28/02/2014 for both the Savvy Account and for the Park It Account, do I add the two values together and state them as my Ca...

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Will I pay 40% tax if I took my money out now

  Written by Marc   Posted 24 October 2014

I want to withdraw my pension fund and start my own company. My amount with old mutual stand on R1 172 000

How much tax will I be paying?
my hr department tells me it will be 40% the same rate that I am being taxed on now.

Am I being double taxed?

  Written by Marc   Posted 23 October 2014

My company maternity policy states they will only pay me 50% of my basic salary while on leave, lets say R10. They paid me in full but if I leave I have to pay the 50% back that I was not entitled to. When they paid me in full I received my salary after tax, let's say R8. Now that I resigned they want the balance of the 50% paid back to them before tax earning. Is this double taxation as I earned after tax but must pay back pre- tax? I think I should pay them R4 back but they want R5 I.e...

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PAYE regulation regarding 'unpaid salaries'.

  Written by Marc   Posted 23 October 2014

As a shareholder/director of a PTY, if I received "unpaid salary" that then accumulates in a loan account, would I still be require to pay PAYE, even if no income as such is received?

Do you need to include an assessed capital loss in your tax return?

  Written by Marc   Posted 23 October 2014

I incurred an assessed capital loss for the 2013 tax year through sale of shares. For 2014, I made a capital gain also via shares. I read that we don't need to include the R30000 annual exclusion in our ITR12 as SARS will include this automatically. Does the same apply for the assessed capital loss? I can't find any place for it in SARS eFiling.

Tax if working in Angola?

  Written by Marc   Posted 23 October 2014

My husband is working in Angola since September 2013, do we need to fill his tax? He paid tax previously and was working in SA from March 2013 - June 2013? Do we only fill tax for the 4 Months?

Is PAYE going to be increased by 50% next year?

  Written by Marc   Posted 23 October 2014

I heard that PAYE is going to be increased by 50% in the next Tax year. Is this true?

My daugther needs a tax nr.

  Written by Marc   Posted 23 October 2014

My daugther is in matric and she start working on the 1 December they said they need a tax nr. must
i register her and how do I register her?

How do I delete my eFiling from my tax practitioner?

  Written by Marc   Posted 22 October 2014

I have a tax practitioner doing my tax but I found out she is doing fraud on my eFiling profile how do I delete my eFiling she wouldn't give me my user name or password I want to delete everything and re register so I can do my own eFiling ? Pls help

Tax rebate for working out of South Africa but paid in South Africa

  Written by Marc   Posted 22 October 2014

I work overseas , for about 8 months of the year, sometimes 2 months at a time. I am paid by a South African company in Rands into a South African bank account. Is there a tax rebate for this?

Tax obligations on monetary gift from foreign source?

  Written by Marc   Posted 22 October 2014

I am a UK Citizen and have had Temporary Residence in South Africa for a few of years. I work in South Africa, have a valid work permit and am married to a South African.

My parents in the UK (who are British Citizens) would like to put a gift into my UK Bank Account of just over R1,000,000. My UK bank account has sat dormant for years and I submit my SARS Tax Return with the details of my active South African Bank Account. Will I, or my parents, have any tax obligations in South Africa in relation to the gift? Also, am I required to reflect the gift on my next Income Tax Return in South Africa?...

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Can I get a tax practitioner to submit for me if I did it myself before?

  Written by Marc   Posted 22 October 2014

Is it possible to change from submitting by myself to using a tax practitioner for instance?

HOW WILL I REFUND EXCESS UIF CONTRIBUTIONS

  Written by Marc   Posted 22 October 2014

I HOLD TWO JOBS IN DIFFERENT COMPANIES, BOTH CONTRIBUTE TO UIF, WILL THE EXCESS CONTRIBUTIONS TO UIF BE REFUNDED ON MY TAX RETURNS?

Is a verification of assessment notice that assessment have been concluded?

  Written by Marc   Posted 22 October 2014

I received a Verification of Assessment and it states that refers to a specific tax period. No adjustment has been made to the assessment. Is this to say that the year of assessment can be deemed completed? All documents previously requested was provided etc. Am I not suppose to receive a ITA34?

SARS won't register me as an eFiler?

  Written by Marc   Posted 22 October 2014

I have completed a once off registration as an eFiler, told to wait 48 hrs for verification, the problem is it been weeks now nothing, when I log in to my profile to continue with my filing it still says I must wait for 48 hrs. Help wait to do now...
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