The company I worked for retired me at the end of October 2013. Can I get an IRP5 form from them now

  Written by Marc   Posted 10 January 2014

The company I worked for retired me at the end of October 2013. Can I get an RIP5 form from them now. instead of having to wait until March 2014

Am I tax resident?

  Written by Marc   Posted 10 January 2014

Hi Tim,I was born in South Africa, however have been living out of the country for the last 7 years. (6 of which were spent in the UK). I have recently returned, but not on a permanent basis, as my main income comes from freelancing in the UK, and my partner is only here on a visitors visa. I have however been in the country for more than the 183 days this tax year. Will I need to pay SA tax on my UK income? I am still registered for UK tax, so I will be paying UK tax on that income as well.

Where should a British citizen consulting for a Dutch organisation living in South Africa pay tax?

  Written by Marc   Posted 10 January 2014

I am a permanent resident in South Africa, where I have been residing for over three years. I recently started a new job. I am paid as a consultant for a Netherlands-based company, and my pay is made to a UK (sterling) bank account, as I am a British citizen. Where should I pay tax, and must I bring my pay into South Africa within a certain time frame?

Where can I see my finished tax forms?

  Written by Marc   Posted 10 January 2014

I used your services on 22 November 2013 and was impressed. I want to print the results to file it in my personal file at work. Where do I go to retrieve it ?? I cant seem to find it on my pc?!

Have no employer's details to register for tax?

  Written by Marc   Posted 10 January 2014

How can I register for tax when I don't have my employer's details

I am not employed, can I still register?

  Written by Marc   Posted 9 January 2014

I am unemployed, can I still register for a tax number, if yes which documents is required from me to register?

Does SARS recognise a tax loss as a deferred tax asset?

  Written by Marc   Posted 9 January 2014

Hi Tim,
I am a provisional tax payer and for the 2015 tax year, I will have recorded a net income loss. Am I correct in saying that this will yield me a tax loss (deferred tax asset) which I can use to offset my taxable income in subsequent tax years?
The loss was substantial and I hope to be able to use the tax loss to offset my taxable income for at least 2 years.

i want to pay

  Written by Marc   Posted 9 January 2014

I already filled in my tax I want to pay now

Foreign student earning salary and noticed 25% PAYU deduction??

  Written by Marc   Posted 8 January 2014

I am a Dutch student doing research work twice a week with a local university, I am legally allowed to work and earn a salary with the university.
I however received my first payslip and notice PAYE deduction of 25%, will this money be lost or can I claim it back when I go back to Holland??

Hope to hear from you

Thx

Amount of PAYE and UIF deducted from a salary of R9500

  Written by Marc   Posted 8 January 2014

How much PAYE and UIF would I pay if I earn R9500 a month?

Medical calculation for source code 4008 for 2011 and 2012?

  Written by Marc   Posted 8 January 2014

Everywhere I can find a formula on how to calculate the 2013 medical deduction code 4008, but nowhere one for 2012 and 2011. Your example for the 2013 helped a lot, thanks for that. Can you maybe also give one for the 2011/12 please.

Can an employer who is not giving you benefits allowed to break down your salary, reducing basic sal

  Written by Marc   Posted 7 January 2014

My. Basic salary is R33943.06
My employer break it down as my basic salary is R28169.48 medical aid R3698.00 , vitality R39.00, provident fund R2063.58 rate per hour R192.20 then deduction is tax R6203.69 and UIFR148.72
Is this legal ? My employer does not give me any benefits from all the deductions.

Can PAYE be deducted if on commission only and can I invoice the company contracting me ?

  Written by Marc   Posted 7 January 2014

I'm a consultant and earned only 5% on commission. The company pays me a retainer of R10K per month. Can they deduct PAYE per month ( 5 month contract only)? if so, of how many %? Can I bill them in my personal capacity or from my CC? what would the tax implication be?

What is the definition of "place of effective management?"

  Written by Marc   Posted 7 January 2014

What is the definition of "place of effective management?"

Multiple IRP5 in tax return using TaxTim?

  Written by Marc   Posted 7 January 2014

I'm a provisional tax payer and I changed jobs in February last year. I would like to use TaxTim to submit my return, but would just like to ensure that the program will handle both provisional taxpayer and multiple IRP5s.

How do I calculate PAYE on a 13th cheque

  Written by Marc   Posted 7 January 2014

How do I calculate PAYE on a 13th cheque

Is the primary residence exclusion applicable if property was lived in and rented out?

  Written by Marc   Posted 6 January 2014

I have a property that I have recently sold. I lived in it for 7 years and then rented it out for 3.5 years subsequently. Now that it has been sold, do I qualify for primary residence exclusion on any portion of the capital gain? Is it pro-rata for the years that it was my primary residence, or how would I apportion it?

Registration for TaxTim?

  Written by Marc   Posted 5 January 2014

How can I register as a new user without using the Facebook option?

Leasehold improvement - how is this taxed?

  Written by Marc   Posted 30 December 2013

Our company has to make improvements to our offices that we lease. I know we should account for these as leasehold improvements and amortize it over the lease period, but will this amortization be a tax deductible expense? (will the accounting and tax treatment be the same?) The total improvement will be less than R7 000 can I rather treat this as a "small items" deduction?

Resident abroad aiming to cash out shares/ unit trusts, do I need to register with SARS ?

  Written by Marc   Posted 30 December 2013

I am a dual citizen (SA & European). I am currently living abroad on my European passport and never formally emigrated from SA. As a result I still hold a bank account there, as well as unit trusts & shares. I left SA shortly after studying so never had a job there/ paid income tax/ registered with SARS. Although I still visit the country on occasion, I am no longer a resident there. I would like to consolidate all my SA assets (have it all in one place) so I would like to "cash out...

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How much will I get being paid R6000,00 a week after paying tax?

  Written by Marc   Posted 27 December 2013

How much after taxed on R6000 for per week?

Confused about a tax audit?

  Written by Marc   Posted 26 December 2013

Hi Tim

I made a mistake on my tax return and included my employer contribution plus my own contribution to the company pension as well as my RA contribution under the RA section of the ITR12 as I was confused by the note that came up on screen saying the amount should also include the pension amounts appearing on the IRP5. I was uncertain but erred by putting down the full pension and RA contribution amounts.

However, I think this flagged me for an audit (never happened bef...

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Will I be taxed on gifts from my son in a foreign country?

  Written by Marc   Posted 22 December 2013

My son wants to give me 3 000 US dollars a month for the next 6 months as a gift. I am a house wife married with anti-nuptial contract. I don't earn anything and am not registered with SARS. If I receive this gift from my son will I be taxed on it?

Tax on Sale of Personal Website?

  Written by Marc   Posted 22 December 2013

I own a website that I started as a Hobby (showcasing information about various sports teams and tournaments). The novelty has since worn off and I now want to sell the website. I have never earned or attempted to earn revenue from the website. Would I have to pay tax on the sale price? If so, what type of tax would I have to pay? (I am currently below the age of 65 and unemployed).

The website was given to me as a gift quite a number of years ago. I have since purchased domain names ...

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Income & Expenses sent in my tax return and only income was acknowledged.

  Written by Marc   Posted 19 December 2013

What will happen with my 2010 tax return that SARS did not "allow" for my expenses, only my income and are now asking for a huge amount that I owe them?
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