I am an employee, how come I owe SARS more money?

  Written by Marc   Posted 26 July 2012

My payslip shows all the deductions including tax that I pay monthly, so I don't understand how I got to owe SARS R1700 where as I pay monthly via PAYE?

If I owe SARS money, is it possible to pay SARS back in installments over time?

  Written by Marc   Posted 23 July 2012

Is it possible for me to pay SARS half the amount I owe for two months, as I cannot afford the full amount in one payment?

Tax season open - What can I claim as a deduction to reduce my tax?

  Written by Marc   Posted 11 July 2012

Salaried employees all over the country are busy filing their tax returns in the hope that perhaps they will be due a refund. For most who earn income from their employer they have already paid their taxes in the form of Pay-As-You-Earn (PAYE), but now what? Although salaried employees are limited, by tax law, as to what they can deduct from their income, there are a few things that can be claimed. Deductions against income reduce ones Taxable Income and thus reduce the amount of tax owing to SARS. The allowable tax deductions are:...

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I've done my income tax return, but now how do I file it with eFiling?

  Written by Marc   Posted 28 June 2012

Not only has TaxTim made it quick and easy to complete your income tax return, but he's recently done the same for submitting your tax return too!

Once your ITR12 has been completed by TaxTim, if you use SARS eFiling, it's now as simple as following the step-by-step guide that Tim has put together. Tim takes you through the entire process, from eFiling registration to logging into your profile, setting up a new income tax return, completing it and then submitting it - with helpful screen shots of the actual SARS eFiling system displayed...

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How do I calculate how much tax I owe?

  Written by Marc   Posted 23 April 2012

TAX PAYABLE is essentially calculated as follows:


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How do I know if I am a tax resident of South Africa?

  Written by Marc   Posted 15 March 2012

A burning question people often ask tax professionals is whether or not they are a tax resident in a certain country. The question is important because it distinguishes between tax residents and tax non-residents – both paying tax in South Africa.

• Tax non-residents are people who do not ordinarily reside in South Africa but do business here and thus pay tax to the SA government ONLY on what they earned from South African sources.

...

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What is Provisional Tax?

  Written by Marc   Posted 6 January 2012

So as we are getting closer to Provisional Tax Season the question on taxpayer’s minds is, do I qualify as a provisional taxpayer? The Income Tax Act sets out specifics as to who qualifies and who doesn’t.

If you are a salaried employee then your employer will deduct a monthly amount and pay it over to SARS on your behalf. You will only have to file one tax return at the end of tax season.

Otherwise you may qualify as a provisional taxpayer and will have to submit a return twice a year...

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