Calculate my tax deductions

Written by Nicci
Posted 2 March 2016
I earned R11660 a month gross salary how much will my tax be
Medical payment

Written by Nicci
Posted 2 March 2016
I have a medical bill to settle for treatment rendered in February. If I pay it now (in the new tax year) will it be for tax year 2017 or 2016?
Claiming VAT without invoices

Written by Nicci
Posted 2 March 2016
Can I claim vat using bank statements - invoices are missing.
UIF for self-employed

Written by Nicci
Posted 2 March 2016
Should I still deduct UIF if I am self employed and if so can I even claim it?
Small salary - do I need to file a tax return?

Written by Nicci
Posted 2 March 2016
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!!!
How do I calculate my company annual turnover excluding vat?

Written by Nicci
Posted 2 March 2016
How do I calculate my company annual turnover excluding vat?
Am I paying too much tax

Written by Marc
Posted 2 March 2016
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
IS IT COMPLUSORY TO PAY TAX ON INTEREST RECEIVED FROM A FIXED DEPOSIT

Written by Marc
Posted 2 March 2016
I received my late husbands provident fund and invested it into a five year fixed deposit i receive r10 780 a month on the fixed deposit i am 44 years old and unemployed how much tax will i pay at the end of the year
Tax implication UK state pension

Written by Marc
Posted 2 March 2016
I expect to receive a small UK state pension from this year. I am not a taxpayer and am married in COP my husband pays tax. Will this pension be taxable on his tax return?
Tax rebate on provident fund contribution

Written by Nicci
Posted 2 March 2016
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?
Do I pay tax on the pay out ? What about the R 500 K tax free rule ?

Written by Marc
Posted 2 March 2016
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.
Do I have to register on SARS eFiling?

Written by Nicci
Posted 2 March 2016
I am a part time student and just started my first full time job. My salary is R10 000 pm. Do I have to register on E-filing to file a tax return?
Tax on monthly fixed deposit income

Written by Nicci
Posted 2 March 2016
I receive a monthly income from a fixed deposit of R10 605. I am 44 years old and i am unemployed. i live off my fixed deposit. Please calculate how much tax I would have to pay on my investment
Can I get my tax number online?

Written by Nicci
Posted 2 March 2016
I lost my tax number certificate and I do not know my tax number by heart. Can I get my tax number online?
Can a spouse buy the other spouse houses

Written by Marc
Posted 1 March 2016
Can a spouse buy the other spouse houses without paying donation tax? Are there any rules to this?
NOTICE OF OBJECTION

Written by Marc
Posted 1 March 2016
Will I be able to file a notice of objection for outcome of tax assessment in 2014?
I know a person have to object within 30 days, but I only found out the outcome on 16/09/16. Apparently they've send a letter, but I never received it. Kindly take note that when I filed my tax I've included a letter to inform them that they should communicate via post, since I am unable to open and read any doc's on e-filing
Are training courses and related travel expenses tax deductable?

Written by Marc
Posted 1 March 2016
Hi Tim,
I am a provisional tax payer in the health sector- I am not salaried and work for myself. Am I able to claim back on fees for training courses and the travel costs(flights, car rental)?
Secondly, I occasionally rent out my flat and wondered if this money is declared regardless of the rent earned or if there is a minimum amount from which earnings should be declared. Thanks!
Can you upload completed tax return directly from TaxTim to SARS?

Written by Nicci
Posted 1 March 2016
Must I submit the completed TaxTim form directly from your website to SARS or must the information generated on your document be captured on the SARS e-filing form?
Small business

Written by Marc
Posted 1 March 2016
I run a small business from home and make about R40 000. 00 a year. I only pay insurance and maybe cell. So what is my draw for provisional tax. And how much tax would business pay.
Which package do I select for your service?

Written by Nicci
Posted 1 March 2016
To use your service, I need to identify as either provisional or individual. I haven't yet registered as a provisional taxpayer on SARS (I'm meant to do that now), and have been earning income for about six months now, as a freelancer. If I want to use your service, do I select the provisional tax payer package, or do I have to officially register as a prov. Tax payer over SARS eFiling first?
First time freelance consultant from January 2016 - do I register for provisional tax?

Written by Nicci
Posted 1 March 2016
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?
Can I claim anything for supporting disabled ex wife

Written by Nicci
Posted 1 March 2016
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?
How do I overcome Acrobat Reader problems?

Written by Nicci
Posted 1 March 2016
I am having problems with reading SARS letters and I am not able to view IT34 Assessments and SARS Statements of accounts. I have downloaded the latest Acrobat Reader but still having a problem. I am not sure if this has something to do with browser compatibility.
Gross salary if net is R15000.00

Written by Marc
Posted 29 February 2016
If a person earns a net of R15 000. 00 per month, what is their monthly gross salary
What is PAYE tax?

Written by Marc
Posted 29 February 2016
What is PAYE tax?
Older posts →← Newer posts
16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36