Tax rules for foreign income

  Written by Nicci   Posted 15 January 2016

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

Salon tax

  Written by Nicci   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

  Written by Nicci   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?

  Written by Marc   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?

Receiving money from abroad that's not gift or work related

  Written by Marc   Posted 14 January 2016

Hello

My father-in-law lives in Mauritius and is coming to SA in April for a holiday. He wants to send money (R50,000) to my bank account so that I can pay deposits, etc. I've phoned my bank and they say I can give the reason as "travel by non-resident". But they can't tell me if I'll need to declare the money or if I'll be taxed. Can you help me please?

Tax Returns - process?

  Written by Marc   Posted 14 January 2016

What and when is the procedure for claiming tax returns?

Do I have to pay tax if I earn R5500 monthly?

  Written by Marc   Posted 14 January 2016

I'm earning 5500 Rand am I have to pay tax

Vehicle repayments

  Written by Marc   Posted 14 January 2016

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

Is there a penalty when SARS is late in payment to a taxpayer?

  Written by Marc   Posted 13 January 2016

Hi there,
Is there a penalty when SARS is late in payment to a taxpayer? If so, what is the penalty. Hopefully this works both ways. I'm eager to know. It would be much appreciated. Kind regards

PAYE vs tax directive earning the same amount?

  Written by Nicci   Posted 13 January 2016

Hi, I am currently earning R10 000 as a basic salary and get taxed according to a PAYE scale. I am moving to a commission based structure where I assume I will earn approximately R120 000 over the year. How much should my employer tax me each month?

Site allowance claim

  Written by Marc   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?

  Written by Nicci   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?

How do I get my IT 150 form online? I just want to check when I registered for income tax.

  Written by Marc   Posted 12 January 2016

How do I get my IT 150 form online? I just want to check when I registered for income tax. I am registered for SARS eFiling. Thank you

Commission earner

  Written by Nicci   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.

  Written by Marc   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?

How to get a IRP5 if employer have closed and SARS have do not have one?

  Written by Marc   Posted 12 January 2016

SARS requested my 2012 tax return and on eFiling no IRP5 for this period have been uploaded. I have lost my IRP5 received and the employer at that time have closed and I do not know how I can get the IRP5. What should I do?

What deductions can I claim?

  Written by Marc   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?

Independent consultant tax submission

  Written by Marc   Posted 12 January 2016

I'm starting to do consulting on an adhoc basis and would therefore not be issued any tax related documents from my clients. How do I go about handling my tax? Is there a percentage I need to keep aside for SARS? please help me with where to start.

Turnover Tax Year of assesment

  Written by Nicci   Posted 11 January 2016

To Complete the TT02 Turn Over Tax form before 28/29 Feb 2016, is this for the 2015 or 2016 tax year?

The TT02 from on the SARS Website still has the 2015 Tax Table in.

Year end

  Written by Nicci   Posted 11 January 2016

If a company has a February year end, when is the tax return (IT14) due to SARS?

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

  Written by Marc   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?

  Written by Marc   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

  Written by Marc   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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How much tax do I pay on a quarterly performance bonus of R40 000.00 with a my salary being R23 000.

  Written by Marc   Posted 11 January 2016

How much tax do I pay on a quarterly performance bonus of R40 000. 00 with a my salary being R23 000. 00

Property sale issue

  Written by Marc   Posted 11 January 2016

I'm selling a property of mine - it's my primary residence. The sale agreement will have the buyer settle the amount with me in monthly installments. Will this cause a problem with my tax return in terms of capital gains etc? Or would the end result be the same as if the buyer had paid me a lump sum?
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