I don't get a very large salary and the whole Tax thing makes me quite nervous. I have used your calculator before and it shows that I don't pay any tax. My monthly salary is R5500. 00 and only UIF gets deducted. Do I still have to do a tax return? I have no idea how this works and want to do the right thing, but am at a loss at how at this moment. Please help!!!
Hi there my gross salary is R 20 000. My deductions are as follows provident fund r 903. 29 then p. A. Y. E tax is R 2 821. 65 and then uif is R145. 06 then I take home nett r16 130 is this okay?or am I supposed to be taking home nett of 17 000 like tax Tim revealed when I entered my details
I am a member of a provident fund. People that contribute to a pension fund get a tax deduction of 7. 5%. Provident no rebate. How will I be treated with the new tax law. Will I be entitled to a rebate as well and what percentage?
I have been retrenched, the money from my Pension Fund has been transfered to Retirement Annuity Fund with a portion being paid out to me. Am I liable to pay tax on my pay out? I have not reached retirement age as yet. I am 57 yrs old.
I just started as freelance consultant in Jan 2016. I am not sure how much I will earn as it all depends on if I get clients. Do I register for provisional tax? From reading your articles seem I fall in the 2nd payment what do I do? SARS assumes taxpayer will be able to pay upfront?
I am divorced and pay 30% of salary as support to a disabled ex wife. She is on my medical aid and I get some benefit for that. This is spousal support due to her being unable to work, backed up by court order. Is there nothing I can claim to make burden less on me financially?
A sports coach at a school is paid per hour but only earns around R3000 pm which would normally exclude paying any PAYE. Is this coach still eligible to pay 25% PAYE? This is an independent coach, only on contract for 5 months.
I am in my 65th year... ie. I am currently 64 but will be turning 65 in September 2016. This means that when my final 2016/17 tax return is submitted to SARS at tax year end I will technically be entitled to the secondary rebate for the age group 65 - 75. Should my employer calculate my monthly PAYE Deductions at my current age (64), or the age I will be at the time of this final tax submission (65)?
A second provisional tax payment should be made end of Feb of each year. Why would SARS effectively require individuals to submit a tax return before the last day of the financial year (28 Feb) when business related expenses and income might still happen?
Apart from wanting to know why this implementation, I also want to know how does the differences gets eventually settled when you do still have income or expences after you have filed late in Feb?
I'm working at a season job that will end next week. I will have been working for 13 weeks and paid about R8000 in taxes. I'm being taxed each week. The rest of the year I don`t get any income that means I don`t have work. I would like to know if I can claim my tax back. I `m under the threshold and I do have a tax number. I don't have pension, policies or a medical aid in my name.
I am an employee, but also a Sole Proprietor. I am an artist. My business is not officially registered yet, but I have been trading for some time now. Do I need to declare the income I earned through freelance work in the same ITR12 that contains the information I received from the IRP5 from my employer, or would I need to declare the freelance income in some other form?
If a taxpayer earns 130,000 interest in the year, does he disclose the entire amount in the taxable income section of the IRP6 or just the portion of the interest income that is taxable. I,e 130,000 less R34500 exempt portoin. I see the form only deducts the primary rebate.
I am a salaried employee, but since the middle of January 2016 I have been running a business. It's been expensive to set up, and business is slow - I've turned over R50K max and have about R40K of expenses. Do I need to submit a provisional tax return now, or can I carry that amount over and declare it later in the 2017 provisional tax year?
You sent me a reminder to file my IRP6 Provisional Tax Return for 2016 however, I'm not sure whether I am still a Provisional Tax payer?
I did freelance work until Feb 2015, and from March 2016 I've been employed, paying PAYE through my employer. I haven't earned any additional income. Do I still need to complete an IRP6 as a Provisional Tax payer?
I privately tutor pupils at their homes and invoice several clients for this service. One of them pays me a monthly salary (but pays nothing to SARS) based on monthly invoices and the rest I invoice by the hour. Can I declare all of this as a single salary and pay it with my ITR12 or do I need to register as a provisional taxpayer?
I changed from being employed (normal IRP5 scenario) to self-employed during the last financial year so I am not yet registered for provisional tax
Another question - what if the business has run at a loss? It's a medical practice, and turns out many of my claims will only be processed in March 2016 i.e Next tax year. That means my total income for the business so far has been R30 000, with expenses totalling R50 000. Surely I don't have to submit a provisional tax return?