I got IRP5 certificate but it has no tax number, does that mean I'm not registered with SARS?

  Written by Marc   Posted 24 January 2014

I got IRP5 certificate but it has no Income tax number, does that mean I'm not registered with SARS?

View taxpayer move request on SARS eFiling?

  Written by Marc   Posted 24 January 2014

Where can I find users/request tax type?

Voluntary tax application?

  Written by Marc   Posted 24 January 2014

I started a company in November 2013. My turnover is near R20000 now - can I voluntary apply for VAT?

Is rental income from my primary residence taxable?

  Written by Marc   Posted 24 January 2014

Occasionally I rent out the spare bedroom in my primary residence. I'm not running a guesthouse - it's just a way of making a tiny bit of extra income and meeting some interesting people. I don't often have people staying - maybe for a total of 30 days out of the year. Do I need to declare this as "rental income"? If so,
1. What expenses can I claim against this income?
2. Where do I put it on my return? I'm already using the section "Local business, trade and professional income" for ...

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Are we liable for SA tax on UK interest and rental income ?

  Written by Marc   Posted 24 January 2014

I am living in South Africa ( dual nationality UK/SA) but not working. My only source of income is UK interest on savings and rental income from our house in UK. I pay tax in UK but from what I've read it appears I should be tax registered here. Is this the case?

If it is, how do I prove my income as the UK tax year runs from 6 April to 5 April . Would a copy of my UK tax return be sufficient proof of income? Would I need to worry about the date overlap ?

My husband is no...

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Is my overseas earning exempt from tax?

  Written by Marc   Posted 23 January 2014

I was working in USA from October 2012 to May 2013 (without coming back home)
I paid Fed and State tax in USA over the period.
So for the 2013/2014 individual tax year.
I was out the country for more than 60 days in one go but not more than 183 in this particular tax year.
Questions are:
1. Are my earnings overseas exempt? or if not
2. Will I include the earnings and get a taxable deduction for foreign taxes paid?

Turning 65 during a tax year; are >65 deductions apportioned?

  Written by Marc   Posted 23 January 2014

If a taxpayer turns 65 during a tax year, are the >65 benefits applicable for the full tax year or are deductions apportioned?

tax rebatre for branded vehicles

  Written by Marc   Posted 23 January 2014

What are the rules regarding company vehicles and branding of company vehicles, is there a tax benefit to the driver of a company vehicle if it is branded?

How do I process my income tax return?

  Written by Marc   Posted 23 January 2014

How do I know if I got money from SARS and how can I claim it?

How will proceeds of shares sold to protect capital from an unstable market be taxed?

  Written by Marc   Posted 23 January 2014

Over a period of several years I was given about 25000 of my company's shares as performance awards and options. Usually I had to wait 3 years before I could take delivery of them but when I retired in 2012 the last of them became available to me immediately and I took delivery by the end of May 2012, planning to keep them indefinitely for their dividend income. In December 2012 I was worried about the US fiscal cliff situation and decided to sell them and have since kept the proceeds in a Money...

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Request a tax number from SARS?

  Written by Marc   Posted 22 January 2014

Can you please check that do I still have a tax number or must I apply for another one.

Understanding additional income and costs on the TaxTim process?

  Written by Marc   Posted 22 January 2014

Were you involved in any activities that resulted in local royalty profit or loss?

the meaning of this question is unclear

does it relate to the additional income defined in the previous question? is it separate items royalty, profit, loss? if I make some ad hoc additional income writing does it come in here?

eFiling ITR14?

  Written by Marc   Posted 22 January 2014

How do I know the answer to the following question on e-filing.

Is the company resident in South Africa for tax purposes?

Basic salary Comm earned, how am I taxed?

  Written by Marc   Posted 20 January 2014

I am earning R4000 basic commission which could bump my salary over R6000 per month. Am I then taxed for the full amount or would I only be taxed on my commission earned?

Medical scheme tax credit amount

  Written by Marc   Posted 20 January 2014

I'm completing my IRP6 (second part) as I am a provisonal tax payer. In the space provided for medical scheme fees tax credit (I believe it's R242 for this year) do I fill in R2904 (R242 times 12) for the full year I've been paying towards medical aid. Or do I only have the one credit of R242 for the entire year?

Request a correction for provisional tax?

  Written by Marc   Posted 20 January 2014

I have been running a small business and am a provisional taxpayer. I became employed in March 2013 and earn a salary, but still earn income from my sole proprietorship business.

I was advised when I submitted my first IRP6 in August 2013 to keep the salary separate from my other income as it would be reflected in my ITR12 this year with the relevant IRP5. After a bit more homework on my part I realised that I should I have added my total salary to my estimate in my first IRP6 submis...

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Am I a Personal Service Provider for Tax purposes?

  Written by Marc   Posted 18 January 2014

I earn R700,000 in my personal capacity at client A and 300,000 through my CC at client B.
I render the services for my CC personally and more than 80 percent of the fees received by the CC are received by one client. Would my CC be regarded as a personal service provider even though I earn 700,000 separately in my personal capacity?

Will I be taxed on my overseas earnings?

  Written by Marc   Posted 17 January 2014

I just have a question regarding foreign income. I am a South African resident for tax purposes, but I recently landed a job on a cruise ship overseas, which I will be starting in March 2014. I will be earning a foreign income which will be paid into my South African bank account. My contracts will be on a 4 months on, 2 months off basis, so I will be out of the country roughly 240 days a year, of which approximately 120 days will be consecutive. During my 2 months vacation I will not be earning a salary....

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Removing uploaded documents off sars e-filing

  Written by Marc   Posted 17 January 2014

Is there a way to remove supporting documents that I have uploaded on the SARS eFiling website?

Do I need to pay or declare income tax on donations received?

  Written by Marc   Posted 16 January 2014

Hi Tim, I have started a small web design business with a turnover of just under R60 000 per year. I am struggling financially, so my father has been helping me with another R60 000 per year as a donation. I have read on the SARS website that as a sole trader if I earn less than R250 000 per year I do not have to register with SARS and I have no need to register for VAT. My question is, do I need to register with SARS for income tax as my income falls under the threshold without the donation or ...

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Can you offset initial expenses against future income all from the same tax year?

  Written by Marc   Posted 16 January 2014

If you have just started a business and have not earned income yet, would you be able to deduct the initial expenses from future months when you do earn income? Please note that the income and expenses fall within the same tax year.

Capital gains tax on share portfolio?

  Written by Marc   Posted 16 January 2014

I have a stock market share portfolio. I have received a summary of capital gain for the 2013 tax year. Do I declare this gain even though the gain is still in my portfolio & not in my pocket? The amount is not shown on the IT3b as is the interest & dividends.

If I am a new Estate Agent what do I need to pay tax?

  Written by Marc   Posted 16 January 2014

If I am a new Estate Agent what do I need to pay tax? I would prefer to pay my own tax rather than the Agency.

International Tax and Tax Treaties

  Written by Marc   Posted 15 January 2014

Dear Tax Tim

I earn international income as an individual (not a registered company ) on a monthly basis, what type tax will I be liable for in South Africa? Will I have to pay standard income tax in South Africa?

I earn this whilst in South Africa and not abroad as a monthly commission payout. How does tax treaties apply to foreign income or will this not be applicable to individuals?

IRP5 corrected but not on eFiling?

  Written by Marc   Posted 15 January 2014

I was issued an IRP5 with incorrect amounts, now corrected and have a new IRP5, but on SARS eFiling the old one is still on. What now, have 2 weeks to file?
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