Is it correct to say the marginal tax rate is different to the effective tax rate?

Posted 18 January 2016

Marginal tax rate: Is a person who is taxed at 41% actually taxed at 41%? Because of the fact that there is a primary rebate of R73,650 the tax payer is not taxed on the full amount at 41%. Thus the effective tax rate is less than 41%. Is this correct?

Taxable Earnings

Posted 18 January 2016

I always see on my payslip the word TAXABLE EARNINGS. Do I have to claim that amount?

Exceeding 8000km for 3703 code

Posted 18 January 2016

Hi Tim. Each month, my payslip has indicated payment of non taxable reimbursement of travel expenses to me. Having exceeded the 8000km, should my tax return indicate the 8000km reimbursement as tax free (3203) and the excess as taxable (3702), or does the entire amount become taxable (3702).
My employer has put my full

How will SARS know what's petty cash and what's income?

Posted 18 January 2016

I get petty cash from my company deposited in my account throughout the month and year, how will SARS know it's petty cash and not an income?

My husband had to buy a car to use for business purposes, may he claim this from SARS?

Posted 18 January 2016

My husband had to buy a car to use for business purposes, may he claim this from SARS? This was part of his employment contract with the company

Concern

Posted 18 January 2016

If I earn R1236. 00 per week what is my taxable deduction

How much do I set my travel allowance amount for this tax year?

Posted 15 January 2016

I should be able to claim a travel allowance as I am consulted out to one or more clients on a permanent basis from my employer. However, I don't have a travel allowance on my payslip and I need on in order to claim. I can request for an allowance to be added, but it needs to be added as a matter of urgency to be part of this tax year. Question is how much do I set the amount to? Would it need to be 12x what the normal amount should be?

Can I claim Provident Fund from SARS?

Posted 15 January 2016

I am a member of a Provident fund does this mean I can claim from SARS? Like I would with an annuity

Am I supposed to pay tax?

Posted 15 January 2016

I am a foreign student studying in South Africa, I got a part time job earning about R20,000. I resigned after 2yrs 8months. I was informed there is a provident fund I was to collect. The company was deducting tax from me every month. Was I supposed to pay tax? And will this affect the tax directive for me to receive my provident fund

Tax rules for foreign income

Posted 15 January 2016

Please advise the tax rules for working outside of SA? No income is earned in SA only abroad.

Salon tax

Posted 15 January 2016

I own a small salon. It's doing pretty well. It's been 6 months since it opened. It has its own business account. I have 3 employees, 1manager (7k) and 2 casuals (3k monthly). Problem is I don't knw where to start; how should I go about with SARS and my business, what should I bring? I contacted an audit company and they requsted 12 bank statements. I have 6months. is it early for my business to do SARS....? And my employee who earns 7k and me should I tax our salaries by where to pay?

Tax Deduction from Provident Fund

Posted 15 January 2016

I had R300 000 tax deducted from my late husband's provident this year - will i qualify for a tax refund? I am unemployed i was dependent on my husband fully

Do directors have to pay PAYE?

Posted 14 January 2016

I have seen a few times where directors of companies are not paid the same amount each month. The company does not pay PAYE over each month (in fact company is not registered for PAYE) and all that happens is the director declares his total earnings/drawings for the year in his ITR12 at the end of the year. This amount then corresponds to the "directors emolument" line item in the financial statements. Is this okay to do this?

Tax Returns - process?

Posted 14 January 2016

What and when is the procedure for claiming tax returns?

Vehicle repayments

Posted 14 January 2016

Hi Tim I am a solely commissioned based earner for one company can I claim vehicle repayments

Site allowance claim

Posted 13 January 2016

i work in construction and stay out for long periods. My company pays me a site allowance(shown on payslip)
i use this for rent food and travel. Can I claim back?

Are pension contributions deductible even if it doesn't apear on the IRP5?

Posted 13 January 2016

Am I able to claim my pension contribution if it doesn't appear on my IRP5 for the 2014 and 2015 tax years?

Commission earner

Posted 12 January 2016

What expenses can a commissioner earner claim (he is office based but does travel to clients using his own car and petrol. No refundable expenses)

Freelance work.

Posted 12 January 2016

I am considering freelancing for a UK based company. I need to know how I would go about informing SARS etc. What are the laws regarding this situation?

Allowable deductions from rental income

Posted 12 January 2016

I did some renovations to a rental property between tenants. I replaced the carpet with tiles, replaced all the kitchen cupboards and the oven, and repainted. All of these renovations were specified in my rental contract with the new tenant - she viewed the unit before the renovations, and we agreed that they would be carried out before she took occupation. Which costs can I deduct as expenses in the production of the rental, or must I add all of the costs to the base cost of the property for pu...

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What deductions can I claim?

Posted 12 January 2016

I am an employee earning R4100 a month, that is less than R50,000 per annum, do I need to pay tax? If no, what happen to the company that deduct tax to the employees? What must I do to get that money back?

How do I claim my Uber rides as a business expense?

Posted 11 January 2016

How do I claim my Uber rides as a business expense?

What should I do with a message stating that SARS is compensating me?

Posted 11 January 2016

I received a message stating that SARS is compensating me with a certain amount from Annual Tax Returned service 2016, with a ref no. What should I do next?

Question which relates to tax deductions on pensions

Posted 11 January 2016

Please understand, that I know very little about tax !! Infact, I leave it to the experts. Your wesbite is very informative, allow me to thank you. However, I need to clarify the tax deductable when a person withdraws their pension fund before retirement. Its very straightforward on you webpage, however, it does not make provision for the tax % a citizen will pay / should pay, it assumes that we all pay the same % tax. So if a layman has R100k in their pension fund, and so does the CEO of a big ...

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Can I claim Pty start up costs back from tax

Posted 11 January 2016

I have registered a new Pty company. Can I claim any of the start up costs back from tax? Like the company registration fees, training courses, lawyers fees for contracts, etc. Can I claim trade expenses incurred before incorporation?
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