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?

DBX tracker funds - are these taxed as local dividends or foreign?

  Written by Marc   Posted 25 February 2013

We have some DBX tracker funds, when we get a monthly statement from the broker income is listed as foreign, but when the tax certificate is sent it is included as local, really confusing when doing provisional tax.

Would iI need to start paying tax yet if i just graduated and would be on a 6 month contract?

  Written by Marc   Posted 24 February 2013

I completed my degree at the end of 2012 and started interning for an advertising company from Nov 2013 till the end of Feb 2013.

Now they will be employing me on a 6month contract between April and September and I will be getting between R5000 or R5600, contract details have not been discussed yet. But would I have to register as a tax payer if I get the R5000 as I woud be earning less than R5300 or would the fact that it is in the middle of the tax year exempt me from this? How do I go about finding out about SARS things as their website is confusing, I know nothing about these legal things and I'm scared to get caught up like Wesley Snipes... :(...

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what are the three main sources of tax from which government obtains its income

  Written by Marc   Posted 24 February 2013

Like does it include VAT, Income Tax, Normal TAX OR Companies tax

How long must I keep tax documents?

  Written by Marc   Posted 23 February 2013

Must I keep monthly current account and credit card statements? Electricity and rates accounts? Investment statements and medical aid statements? How long?

How can I find my tax number?

  Written by Marc   Posted 22 February 2013

I need it urgently.

Can I claim from SARS if I received pension payout of 76347.00 in May 2012

  Written by Marc   Posted 21 February 2013

OLD MUTUAL PENSION FUND NO TAX CERTIFICATE RECEIVED

Can I deduct postage costs from my expenses?

  Written by Marc   Posted 21 February 2013

I run an online business, where customers purchase goods from me and we post or courier orders throughout SA. Our costs are about R20 000 per annum -can this be listed as a business expense?

I did not submit my supporting documents in time?

  Written by Marc   Posted 21 February 2013

After submitting my tax return for 2011 SARS requested supporting documents (logbook) from me. I failed to submit the relevant document in time (I did submit the document after the due date). They asked me to provide reasons why I submitted late, which I did. They now refuse to accept my reasons and refuse to accept any deductions for my car allowance. According to them I now owe them R 280 000-00. What do I do? Can they do this?
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