How much income tax do I pay on R7 000?

  Written by Marc   Posted 1 February 2014

How much PAYE do you pay if your salary is R7000 per month?

SA resident working for a UK company earning a UK salary

  Written by Marc   Posted 31 January 2014

I currently live and work in the UK and will be relocating to SA later this year.
I will continue to work remotely from SA for the same UK company who's sole business is carried out in the UK. They will continue to pay me a UK salary into my UK bank account and it will be taxed in the UK as usual. I intend to transfer that money to my SA bank account on a monthly basis.
Do I need to declare any of this to SARS considering it has all already been taxed?

Family Loan - is it taxable?

  Written by Marc   Posted 31 January 2014

I loaned my sister R50,000 and she is currently paying me back R2,000 per month at 5% interest per year.Do I need to declare any of this on my tax return?

SA non-resident with rental property in SA what are the tax implications?

  Written by Marc   Posted 31 January 2014

I used to live and work in SA but then moved to the UK 8 years ago. Since then I have and still am working full time in the UK for a UK employer paying UK PAYE and now have UK citizenship.

For the last 4 years I have been sending money back to my SA bank account and used that money to purchase a rental property in SA.

As an example using dummy numbers for simplicity:
Purchase price: R100k
Deposit: R50k
Bond: R50k

Rental Income: R20k p.a....

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Am I a tax resident if I own property in south Africa even after having left in 2006?

  Written by Marc   Posted 31 January 2014

I left South Africa in 2006 to work overseas and visited the SARS prior to leaving the country. I was told I do not need to do anything further regarding tax. I returned for a holiday in 2008 and also bought a property in 2008. I was also told that any earnings I transfer to my South African bank account will only be taxed if I earn interest of 100 000 rand per year. I want to know if I own property am a tax resident? do I need to pay tax?
the property I purchased is not rented.

Does TaxTim also help provisional tax payers with IRP6 forms?

  Written by Marc   Posted 31 January 2014

You mention that TaxTim completes an IRP12 form for you, but does it also help provisional tax payers with their IRP6 forms?

How to claim tax deduction on frail care for Alzheimers patients

  Written by Marc   Posted 30 January 2014

My mother in law is resident in a frail care facility because she suffers from Alzheimers and cannot look after herself. I have heard that there is a possibility that this could be claimed against her tax. How do we go about this?

What is the depreciation limit?

  Written by Marc   Posted 30 January 2014

What is the maximum amount you can write off against depreciation in general?

When is the due date for ITR12 and ITR14?

  Written by Marc   Posted 30 January 2014

When is the due date for ITR12 and ITR14?

Primary rebate automatically deducted for freelancers?

  Written by Marc   Posted 30 January 2014

I am a freelancer. If I eFile my return is the primary rebate automatically deducted from my income before the tax amount is calculated. Or do I have to deduct it myself?

Second provisional tax calculation and supporting documents required?

  Written by Marc   Posted 30 January 2014

How do we calculate second provisional tax and what documents are required?

I am confused when IRP6 and IRT12 forms must be submitted?

  Written by Marc   Posted 29 January 2014

My dad is considered a provisional taxpayer with SARS. I am confused as to when he must submit IRP6 and IRT12 forms?

Contract worker for two months - tax & UIF deductible?

  Written by Marc   Posted 29 January 2014

I'm currently employed on a two month contract, should tax be deducted or not?

Can PAYE tax be taken off my salary if I earn less than R54 000 for the year?

  Written by Marc   Posted 28 January 2014

I have a 6 month internship and am being paid R9000 per month. For my first salary I only received R6918. As my contract is only for 6 months and its R54 000 for the year can I be charged PAYE as its less than the required yearly salary to be eligible to pay tax? If I have to pay PAYE, can I claim this money back and how soon?

Can input VAT be claimed on assets used for staff entertainment?

  Written by Marc   Posted 28 January 2014

If a business buys assets for staff entertainment : like coffee machines, pool table for the canteen, any furniture that can be used by the staff for staff entertainment. Can you claim input VAT?

WEAR-AND-TEAR OR DEPRECIATION ALLOWANCE of INCOME TAX ACT NO. 58 OF 1962?

  Written by Marc   Posted 28 January 2014

WEAR-AND-TEAR OR DEPRECIATION ALLOWANCE of INCOME TAX ACT NO. 58 OF 1962
is it still valid - can I use this list of depreciation in 2014 or has there been changes made?

Under review by SARS?

  Written by Marc   Posted 28 January 2014

I live with my Parents and have been running a very small business for about 6 years now, by small I mean very small less than R35 000 turnover per year. I have been doing my eFiling all the time and have never had any problems from my side and from SARS' side. I have just done my 2013 returns and the only difference from last year is that I have made my business even smaller with less turnover and profit, now suddenly I receive a mail saying I am under review and I must submit supporting docs. ...

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Is "Basic employment cost" the same as "Gross salary"?

  Written by Marc   Posted 28 January 2014

What is basic employment cost and is it synonymous with gross salary?

Is a Disability benefit a form of income protection for tax purposes?

  Written by Marc   Posted 27 January 2014

Some Life insurance policies have a life insurance and a disability benefit. Can the contributions to the disability portion of the policy be tax deductible?

Business expense refund?

  Written by Marc   Posted 27 January 2014

I have my own private practice. What percentage of my business expenses occurred throughout the year can I expect to get back?

What date should I use for my Provisional Tax EFT payment as part of my 19-digit reference?

  Written by Marc   Posted 27 January 2014

If I want to pay my provisional tax to SARS. First payment was due 31 August 2013 but I'm only making it now. I want to make this payment via EFT but cannot figure out what date is required in my 19-digit reference. I know the "dd" in "ddmmyyyy" is replaced with "00" but which month and year should I put in "mmyyyy"?

Pension fund deduction claims?

  Written by Marc   Posted 27 January 2014

I am salaried individual PF deducted @12% , apart from that I am contributing to VPF also(Which is under 80C).

When ask for tax exemption for the VPF amount what I had paid, they say you are not eligible to claim, since already 12% deducted from your basic.

Please any document proof if available

How much tax would be deducted on a R12,500 monthly salary?

  Written by Marc   Posted 25 January 2014

How much tax would be deducted on a R12,500 monthly salary?

Tax on income earned in kuwait

  Written by Marc   Posted 25 January 2014

I a am South African working in Kuwait since 2004. I plan on returning to SA permanently very soon. Do I pay any tax on income earned here?

How much is taxed from a salary of R15 000 per month

  Written by Marc   Posted 24 January 2014

I haven't started working but I will be earning R15 000 per month I just wanted to know how much I will be taxed.
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