Didn't include my pension fund on code 4006?

  Written by Marc   Posted 23 June 2013

Last year when I filed my 2012 tax return I didn't put in my pension fund on code 4006 but have put only my retirement annuity from old mutual. And I was given a refund amount of R1900. I therefore would like to know if its possible for me to do an objection and resubmit the return even though I was paid.

When a certain amount was deducted from my UIF can I go for a tax return on the money that was deduc

  Written by Marc   Posted 22 June 2013

I resigned an the company paid out my UIF an there was an amount deducted so I just want to knw if I get a tax return on the money that was deducted.

IRP5 what must I do now?

  Written by Marc   Posted 21 June 2013

In January 2013 I received my share of my ex husbands pension fund a lump sum where the tax was deducted. I received my IRP5 now. What must I do? what forms must I fill in and how would I know if I am going to maybe receive something back from SARS?

I am a sole trader. How do I complete an ITR12 if I do not have an employer?

  Written by Marc   Posted 20 June 2013

I earn money for services rendered as personal tech support. I receive two certificates every tax year - for medical aid and for retirement annuity. What codes do I use and where do I enter this information?

Can I put my pension fund on my tax return if I dont have a tax certificate for it.

  Written by Marc   Posted 19 June 2013

I want to know if a pension fund forms part of my CTC but I do not get a tax certificate for it can I put it on my tax submission? Even if its on my payslip or not?

Where does one claim RA contrbutions on an ITR12 form?

  Written by Marc   Posted 18 June 2013

Registered as a provisional tax payer and cannot see where RA deductions can be added?

How do you work out a pension on a salary of R11 500?

  Written by Marc   Posted 18 June 2013

How much do you take home if your salary is R11500 and a 50% pension fund is contributed by you and the company?

Where does one insert income from a retirement payout?

  Written by Marc   Posted 5 June 2013

Where does one insert income from a retirement payout? I can't see it in the questions and I'm not sure where to put it. I received a payout of an RA because I resigned in my last job and the amount was low so I was able to draw it.

Am I liable for a penalty that was a SARS error because not disputed within reasonable timeframe?

  Written by Marc   Posted 24 May 2013

I submitted a return for the first time myself in 2012. It was previously done by a colleague who was rather knowledgable. Each previous year (3 years) the outcome was a R0.00 balance as I do not have any medical aid, retirement, etc. Nothing had changed since then. She advised telephonically on how to submit and it was done.I have now received an sms last month (April 2013) stating that I am liable for R15k. Upon investigation with my HR department, they found that the income (IRP5 info) was du...

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Who qualifies to be a taxpayer?

  Written by Marc   Posted 23 May 2013

I'm currently working and earn R3000. Does that mean I'm suppose to pay tax.
what's the minimum earning for a person to pay tax?

Tax number for a retired person with Residence Permit?

  Written by Marc   Posted 22 May 2013

How can I get a Tax number in SA when I don't have an income in SA?I have some interest income from my bank in my origin country, they claim I need a tax number in SA.How can I register to get that?

How much tax do I pay on my retirement fund R 75000.00?

  Written by Marc   Posted 15 May 2013

Was this due to you retiring or due to an early withdrawal?

Tax on lump Sum pension Withdrawal

  Written by Marc   Posted 14 May 2013

I worked at a company and my portion of pension contribution was taxed as it was part of my basic salary(taxable income). I resigned from my company and received a lump sum payout where there entire R264k was taxed at 18%(excluding the first R22500). Will I get this tax back when I submit my tax return this year as I feel I have paid tax twice once on my contribution and again on my lump sum payout.

Does your provident fund contribution appear in my IRP5 or is there another term used?

  Written by Marc   Posted 10 May 2013

I can't see it on my IRP5.

SARS requested additional documentation but didn't tell me

  Written by Marc   Posted 10 May 2013

I am a provisional taxpayer... I work freelance and my income fluctuates. I've been doing my own tax through efiling for several years now, and have never had a problem. So this year, I send off my return on January 29 (yes, I know, leaving it till the last minute... every year I
promise I won't do that!!), and my assessment comes back, I'm owed R120.56. The amount is so small because I actually already did all the calculations in order to make my third provisional payment by the September deadline, so as not to incur any interest....

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How much tax is deducted when my ex husband's pension fund pays out my half?

  Written by Marc   Posted 3 May 2013

Who is responsible for the tax?

What is the maximum an individual can earn per annum and not pay tax?

  Written by Marc   Posted 1 May 2013

What monthly salary can one earn and not pay tax?

How much percentage is deducted from my pension fund payout when I have resigned?

  Written by Marc   Posted 17 April 2013

e.g. R124 000

PAYE tax: when to pay and how much?

  Written by Marc   Posted 16 April 2013

I work on a contract basis(Service Level Agreement) for a company, I only do contract work for them and no other company. I get paid per service rendered and working hours are anything from 6 to 14 hours a day, 5 to 6 days a week. My salary differ each month ranging from R14 000 to R35 000. They do not supply pension, medical fund, travel allowance or fuel. All expenses are for my own account.(Study fees, professional body registration fees included) The company know wants to register for PAYE a...

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I am a pensioner and I have R1,000,000-00 on fixed deposit, how much tax will I have to pay? I am 65

  Written by Marc   Posted 4 April 2013

As a 65 year old you will entitled to your first R104 611 of taxable income to be tax free and a further R34 500 of interest.

So for example if your R1 000 000 attracts 10% p.a then the first R34 500 of the R100 000 interest will be tax free and the remaining R65 500 as it is below the tax threshold.

Can I still get a tax rebate for 2011 -2012 tax year?

  Written by Marc   Posted 22 March 2013

my irp5 has the following figures R76545 GROSS SALARY - and R5319 TOTAL DEDUCTIONS(included UIF, SDL,) WILL I GET A TAX REFUND

Provisonal Tax

  Written by Marc   Posted 17 March 2013

Good morning From the 2nd of may I will be retired and will only earn income by way of 2 pension pay-outs from different employers. Must I register to become a provisional tax payer.

Can old tax benefits be captured on a new tax year after retirement ?

  Written by Marc   Posted 5 March 2013

An employee leaves his/her employment from the first of March 2013, his /her last working day is 28.02.2013. Now he/she needs to be paid all the benefits being accumulated leave and other benefits. Is it not appropriate to capture them on the new tax financial year? (2014)

What are the benefits of non residents for taxable income in South Africa?

  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...

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Is my monthly tithe to my church an allowable deduction for tax purposes?

  Written by Marc   Posted 27 February 2013

Is my monthly tithe to my church an allowable deduction for tax purposes?, if not what donations are allowable for tax purposes?
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