Written by Marc
Posted 12 March 2013
Written by Marc
Posted 11 March 2013
I am resident in SA, but from 2014 I want to try a new life whereby I spend 6 months (winter!!) out of the country each year. During this time I would be earning some money through freelance online work for various individuals or companies from various parts of the world, plus I would be getting rental income from two properties in South Africa. While in South Africa (during summer), I would continue this online work, and do some other ad-hoc freelance work for South African companies, or be ear...
Written by Marc
Posted 11 March 2013
Just read your post about "how do i know if i am a tax resident" great article, but lead to a few questions?
I am a US citizen, got a job offer in SA, how do I ensure I am not considered a resident, other than not staying in SA for 91 consecutive days over 5 years, is there something I need to be stating during my work permit application? Do I need to actually keep an address in the US? If yes, how and when do I have to show proof, are my credit card bills sufficient to show residence in the US?...
Written by Marc
Posted 10 March 2013
My income after my UIF and tax is R7 950. And any over time I work is taxed per hour. Last month my nett was R11 200.
I also sell corals to pet shops that I grow out at home. Some months I make R0 and other R5000-R8000 after costs like electricity and material.
Now the pet shops have now asked if I can give them some type of paper work for them to keep records for tax ect.
What should I do to help with tax payment? Have a different account just for the side income? How much tax would I pay if I get paid in cash but still have to give the pet shop a paper work that could be traced back to me? ...
Written by Marc
Posted 8 March 2013
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...
Written by Marc
Posted 1 March 2013
Written by Marc
Posted 1 March 2013
Written by Marc
Posted 1 March 2013
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...
Written by Marc
Posted 27 February 2013
Written by Marc
Posted 25 February 2013
Written by Marc
Posted 24 February 2013
Written by Marc
Posted 23 February 2013
Written by Marc
Posted 15 February 2013
Written by Marc
Posted 4 February 2013
Written by Marc
Posted 1 February 2013
Written by Marc
Posted 30 January 2013
Written by Marc
Posted 29 January 2013
How/where exactly does one get the IT3b and/or IT3c forms from and how do I know if I qualify for/need them? I have some minor money market investments, but am not sure if the interest earned on those is taxable as it is so little, so I'm not sure whether I need to submit these forms in the first place.
Do I need to manually request these from my bank/financial institutions or should they be sending them to me automatically?
If they are sent automatically, when should...
Written by Marc
Posted 28 January 2013
For the past 5 years I have been doing work over the 'internet' for an international company. Only now I have become aware of having to pay taxes. I am not registered. For the last 2 years I've received a steady income of R6 000 / month. I don't have a physical address or contact number for the company as we communicate through email. The company email me sketches of a building then I create a 3D model of the building and send it back.
How will paying taxes work for me ? Will there be pena...
Written by Marc
Posted 28 January 2013
Written by Marc
Posted 27 January 2013
- I am a web developer.
- I use a separate room (a study) for work.
- My earnings are *not* commission-based.
- I pay rent for the study (to my parents)
- The study (and the PC etc.) is used /- 85% of the time for work purposes (therefore technically not "exclusively")
The requirements are very gray. Firstly, why must it be commission-based income? Secondly, why must it be exclusive-use if I could simply calculate business-use as a percentage? (for example, if I p...
Written by Marc
Posted 21 January 2013
Written by Marc
Posted 16 January 2013
Written by Marc
Posted 13 January 2013
I have heard so many great things about you, I hope you can assist me too. Until today, I was not aware that one can actually contact SARS directly to enquire about a possible refund. I have always been under the impression that they would contact or notify the taxpayer and then mystified when they actually did not.
My tax documents are always submitted automatically by my employer. I finally dragged myself to the nearest SARS office and registered as a tax payer in 2010. Now, my que...
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