Sole proprietor registration and tax returns

Posted 11 January 2016

Where do I register as a SP?
What type of expenditure must I submit during the tax return season?

Independent contractors - liable for employee tax?

Posted 9 January 2016

We have several independent contractors who we pay regularly each month (R7k). (1) Is employee tax relevant in this instance? (2) If so, do we do deductions before paying them?

What to do after incorrectly claiming expenses?

Posted 8 January 2016

I incorrectly claimed my MPS fees back on SARS eFiling. I only realised this after submitting supporting document as requested. Since then I realised my mistake, I haven't heard anything sofar from SARS.. What do I do now?

Independent Contractor Setup

Posted 8 January 2016

Hi TaxTim

Great site!

I need guidance on what is required ito independent contractor (IC) tax & vat requirements. 1) If trading through my PTY LTD company as an IC, do I pay companies tax as well as personal income tax?
2) Do I deduduct all claims and deductions (medical aid, RA) prior to paying over tax, or only when I reconcile/ file tax?
3) How many times a year do I need to file tax returns?
4) Do I need to setup PAYE and UIF?
5) Income will exceed R1m per year, so vat should be registered. If true, When do I pay vat over to SARS and what paperwork is involved?...

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Hi tim to claim my late husbands provident I was asked to obtain a tax number but I do not have one

Posted 7 January 2016

Hi tim to claim my late husbands provident I was asked to obtain a tax number but I do not have one as I was never employed in my life what type of tax form do I fill in to receive my late husbands provident fund

Supporting docs requested was uploaded, not sure what happens next for my returns to be paid

Posted 6 January 2016

I have received this letter from SARS and uploaded the requested supporting docs.

Thank you for submitting your income tax return for the 2015 year of assessment. Your assessment has been concluded and reflects an amount refundable to you of R -21375. 50"
I am not sure what is the next process for the money to be paid out?

Audit by SARS

Posted 6 January 2016

I was asked to submit supporting documents which I did at the SARS branch it has been more than 30 days is there a way that I can query the status of the audit? They don't owe me a lot of money only around R4500, why are they taking so long?

Will I get the balance back from SARS?

Posted 6 January 2016

I've only worked 4 months of the 2015 tax year. Am I correct in saying that one does not need to pay tax if the yearly income is less the R80 000. My earnings for the year before tax if R68 000. So am I correct in saying that if I don't work for the rest of the 2015 tax year, I will get the tax I paid to SARS back?

Tax deductions with Medical aid

Posted 5 January 2016

How do you calculate Tax when there is a medical aid deduction where the full contribution is from the employee and none from the company?
Eg. Gross Salary: R18400
-Deduction - Medical Aid: R2018
-Deduction - Tax:?

Without the medical aid I worked out Tax deduction should be - R2466

Do I qualify for a tax rebate

Posted 5 January 2016

I earn below R5000, don't pay anything extra besides UIF, can I still claim a refund?

Tax refunds for non tax payers??

Posted 5 January 2016

I earn a salary of R57000, don't pay tax, do I qualify for a tax refund?

Employer never issued me my IRP5 form.

Posted 5 January 2016

My employer has been deducting PAYE off my salary but did not give me a IRP5 form. How can I find out if they actually have been paying PAYE and if they submitted the IRP5 to SARS?

Car allowance claim

Posted 5 January 2016

I have submitted my tax return. Was audited and my car allowance claim excluded as they requested the purchase documentation for the car. Apparently they tried to phone me couldn't get a hold of me and then finalised it without the documentation. My question is. The car was purchased and registered in my husbands name. We are married in community of property. The insurance is in my name. He pays for the car and myself the insurance. Will that be a problem?

Residency and Holiday Allowance Mistakes

Posted 4 January 2016

I am 69 years old an SA Permanent Resident not a Citizen. I am a UK Citizen. South Africa is my normal place of residency. But I sold my house in South Africa in October 2009. I took out this money as a holiday allowance in January of 2010 in Travellers Cheques. I did not close my South African Bank Account (holiday not leaving)
Because I am 69 and worked in the UK before coming to South Africa I receive a UK State Pension. I have the UK pension paid into a UK Bank account which I opened in Jan 2010...

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Am I a provisional taxpayer if my employer does not deduct tax from my salary?

Posted 4 January 2016

I get a monthly salary on a set day every month but I get it in full, without any tax deductions. It is my responsibility to arrange for the payment of tax with SARS. Do I have to register as a provisional tax payer in order to pay tax?

Can you claim medical aid tax credits if the main member is deceased

Posted 4 January 2016

Can you claim medical aid tax credits if the main member is deceased

Provisional 2016 tax calculation

Posted 4 January 2016

I want to do provisional 2016 tax calculation, I am on pension from 1 Nov - did received a normal salary, I did received a lump sum with tax directive and pension payment with tax directive

Supporting Docs Submitted

Posted 30 December 2015

I submitted supporting docs requested by SARS through on 2 December. Please can you follow up as I have not received the refund nor an outcome on it. Thanks

Letting out primary resedence

Posted 30 December 2015

Getting married, out of community and moving in with her in her house. Want to let out my current residence. Do I have to pay tax, declare. This is the only property on my name. Am I exempt of paying tax on the income earned?

Can I invest more in a private RA if my company makes a contibution to a provident fund

Posted 30 December 2015

My company makes a 100% contribution to my provident fund, including all fees. On my salary slip, this is shown as a company contribution, and not as a deduction. I understand that there is a tax benefit when contributing up to 15% of my non pensionable salary to a retirement savings scheme. Because the contribution is shown as a company contribution and not as a deduction, does this mean that I still have the full 15% available to contribute to a private RA?

If so, how do I calculate...

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How much am I going to be taxed on my annual salary of R264000 if I resign with immediate effect.

Posted 30 December 2015

I am 28 years of age and I would like to resign from my current job as I found something better. I earned 15000 a month after deductions and my cost to company was R264000 per annum. I wanted to know how much are they going to tax me when I take my early pension?.

Do I owe SARS or do they owe me for 2015?

Posted 30 December 2015

My wife's tax assessment ITA34 for 2015 reflects -R4242. 00 (minus R4242)
Does this mean SARS owes her a refund, or does she owe SARS the R4242?
No funds have been deposited into her account yet. The tax return was completed via your site 11 Nov 2015.

Is the tax rebate apportioned for part of a year?

Posted 30 December 2015

I've immigrated back to SA beg Dec15. Am I entitled to the full year's rebate, or will the 15/16 rebate amount be apportioned for the months I've worked in SA during the tax year?

From when do I start recording the expenses when establishing a sole proprietorship?

Posted 30 December 2015

I m considering establishing a sole proprietorship, from information gathered so far, it does not need to be registered from DTI. My question is: for tax puposes, what is the date from which I can make expenses tax deductible, as there will be no registration date?
Also, is an office space required to meet minimum SARS requirements for office space deductions?
Looking forwars to your feedback. Regards

Tax Calculation for mid year joining

Posted 30 December 2015

If we have employed a person in November 2015 at a salary of R 8000, no pension fund, no travel allownace, how much tax I have to deduct in four months, i. E. Nov,Dec,Jan & Feb
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