What documentation must a company give a shareholder regarding a dividend received?

  Written by Marc   Posted 7 March 2013

What documentation must a company give a shareholder regarding a dividend received in order to complete my tax return?

Tax return sms for a year, but I haven't even been working?

  Written by Marc   Posted 5 March 2013

Hi I received a message from SARS saying,"Thank you for filing your 2009 tax return Assessment Result: R-840 Account Balance: R-840 Selected for Audit: No" I'm confused as to what the R-840 means as I am not sure wether that means I owe them or if they're refunding me

Can old tax benefits be captured on a new tax year after retirement ?

  Written by Marc   Posted 5 March 2013

An employee leaves his/her employment from the first of March 2013, his /her last working day is 28.02.2013. Now he/she needs to be paid all the benefits being accumulated leave and other benefits. Is it not appropriate to capture them on the new tax financial year? (2014)

What company returns must be submitted to SARS?

  Written by Marc   Posted 5 March 2013

Please can you help me I am a bookkeeper for a small company but get rather confused by what needs to be submitted by when by the company to SARS.

Can I claim for a car which i "leased" from my previous employer?

  Written by Marc   Posted 5 March 2013

My previous employer bought a fleet of cars which he then branded. The deal was that we pay for it over 4 years after which the car would be evaluated and we could buy it for half the value. I left the company after 4 years and 4 months and was told that he was not selling the car to me. A monthly deduction appears on my commission slip (earned comm.only as a sales executive) for the car and petrol but this does not appear on the IRP5. I also did not receive a travelling allowance.

Ho...

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What tax will I have to pay on my mother's house that I sold last year?

  Written by Marc   Posted 5 March 2013

The house belonged to myself, a brother and sister for years.

Can someone else register me as a taxpayer?

  Written by Marc   Posted 4 March 2013

Can a website register me for tax and promise a tax number within 24 hours? I am worried about fraud but do not have the time to go into SARS myself as it is very far from my home and I need to take off work.

How do I get my online IRP5?

  Written by Marc   Posted 4 March 2013

how do i get my old IRP5's online on eFiling?

How can I send my new IT77 registration as a taxpayer form to SARS via e-mail?

  Written by Marc   Posted 1 March 2013

I completed the IT77 aplication for registration form and want to send it via e-mail can you send me the e-mail address please?

Foreign cash inheritance, how does the tax work?

  Written by Marc   Posted 1 March 2013

My two minor children are South African natural persons, and have thus each been issued with their own ID numbers at birth. If a foreign cash inheritance from their overseas great- grandfather to them (in CHF and Euros) , is converted into ZAR and deposited equally in halves into my two minor children's money market bank accounts, then I believe that this inheritance (and all inheritances) are not deemed taxable. Would this assumption be correct ?

Lastly, would interest income accruin...

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Where can I get a list of the items that I'm allowed to claim for as a sole proprietor?

  Written by Marc   Posted 1 March 2013

I know about things like rent, telephone, internet, stationery, etc., but what else?

Provisional Taxpayer or not ?

  Written by Marc   Posted 1 March 2013

My wife and I own a property which she rents out. The rent gets paid into her bank account and she is the only one who earns the income from the rent. The property is registered in both our names and we are married ANC. Am I supposed to be a provisional taxpayer and liable for provisional tax ?

Tax Threshold 2013/14 (for income earned as interest)?

  Written by Marc   Posted 1 March 2013

The tax threshold is R 67111.00. My sole income is R 67110.00 from interest on cash in the bank, one rand less than the tax threshold. I am under the tax threshold, but the income is not active (from work), it is passive(from interest), do I still have to pay tax ?

There is a confusing/conflicting tax break of R 23800.00 for income earned as interest ??
R 23800.00 still falls under the total tax threshold of R 67111.00
Can you elaborate please.

What are the benefits of non residents for taxable income in South Africa?

  Written by Marc   Posted 1 March 2013

I am living overseas for the past ten years and have visited South Africa occasionally for not more that 3 weeks per annum. I earn interest (R24500); dividends from private companies (R65000); retirement annuity income (R17500) amounting to approximately R110K per annum. I am paying taxes as a resident. What will my taxes be like if I were to be taxed as a non resident. Will I still be entitled to the rebates. I am 62 years old and am married in community of property. I will appreciate a hypot...

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Do I have to inform SARS if I am financially dependent on children

  Written by Marc   Posted 28 February 2013

As long as you are not actually earning any income or at least below the tax threshold then if you do submit a return each year you would merely say you are unemployed and submit a zero return.

I am subcontracting for a company, but need tax help please?

  Written by Marc   Posted 28 February 2013

I subcontract for a company, but have not registered yet as a business and they will be taking 33% off my pay. The problem is I have 2 guys working for me as well. How can I sort this out quickly without having to lose out.

She's not sure if the tax deductions are correct?

  Written by Marc   Posted 28 February 2013

My spouse is 26 years old and her basic salary is 19 400 including other earnings which adds up to the total of 28 270 per month. Every month her tax deductions are close to 5000, her monthly deductions adds up to 13 000 including tax, which means she takes home +/-15 000...is the tax deduction ok?

Is my monthly tithe to my church an allowable deduction for tax purposes?

  Written by Marc   Posted 27 February 2013

Is my monthly tithe to my church an allowable deduction for tax purposes?, if not what donations are allowable for tax purposes?

I am a student under contract, now earning +R3250(basic), used to earn +/-R3000(basic).

  Written by Marc   Posted 27 February 2013

I found that they made a mistake when calculating my hourly rate for 10 month, so I end up getting a back pay. When I received the back pay, it reached the salary tax scale. So my salary was tax. My question is that were they suppose to include my basic salary with the back pay? Or give me a cheque for the pay since I'm earning that small amount. Your immediate response will be appreciated. Thank you.

I worked out at sea for 7 months last year, earned $ and was told I don't owe SARS?

  Written by Marc   Posted 26 February 2013

Is this true or am I in the dwang with the man?

Donations between spouses, are they taxable?

  Written by Marc   Posted 26 February 2013

Are donations between spouses, in the form of a regular allowance or a lump sum, taxable? Please advise the position for each spouse if possible. And does the receiving spouse need to declare under 'amounts not considered taxable' on ITR12?

Tax due on unpaid invoices

  Written by Marc   Posted 26 February 2013

At the end of the current financial year I have invoiced clients approximately R400K which will only be paid to me in the new financial year. Do I still pay taxes on the unpaid invoices at the end of the current financial year or do I carry the ex vat value over to income in the new financial year and pay taxes only in the new financial year?

How do i know if im a registered tax payer?

  Written by Marc   Posted 26 February 2013

I don't know if i'm registered or not?

I work seasonally, can I claim for medical expenses etc I encored while I was not working?

  Written by Marc   Posted 26 February 2013

I work seasonally, six month sometimes five. How do I calculate my tax and can I claim for medical expenses etc I incurred while I was not working?

Tax number, how do I get one?

  Written by Marc   Posted 26 February 2013

I was called in an interview for a job and i passed then they said i must bring a tax number. Which i never had it before, how do I go about applying for one?
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