Residency and Holiday Allowance Mistakes

  Written by Marc   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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Exchange rate gain

  Written by Marc   Posted 4 January 2016

Currency exchange rate gain when bringing money back into SA
What is this classed as earnings? Capital Gain Dividend?

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

  Written by Marc   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?

Provisional Tax vs Personal Tax?

  Written by Marc   Posted 4 January 2016

I've recently started working for myself. I've registered a business (which will start trading in 2016) but have been working through my own bank account (for the last 6 months) on the side (~ R6000/m) while getting preparations complete. I registered myself as a provisional tax payer, and I want to know if I can de-register myself for personal tax? Do I just submit a blank personal tax sheet since I filled in a provisional one for myself?

Source code commission earner

  Written by Marc   Posted 4 January 2016

Hi Taxtim

What is the source code for someone selling houses earning a commission?

How to get a Tax Reference number from SARS

  Written by Marc   Posted 4 January 2016

I am a small employer of 5 people, all earning about R3000-00 pm. I have been told that all of my staff members need to submit to me their tax reference number. Is it correct that every person who has an ID number has already been issued a tax reference number by SARS? If this is the case what is the most effective way of getting the number. I have let my staff call SARS from my office on numerous ocasions to enquire without success. As I believe that there is a deadline for this looming immin...

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Provisional 2016 tax calculation

  Written by Marc   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

  Written by Marc   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

SARS easyFile

  Written by Marc   Posted 30 December 2015

If we change the service provider for payroll process and the current service provider is not releasing or accepting in easy file. How the new service provider can access to file EMP201/501.

What is a ITA34 certificate

  Written by Marc   Posted 30 December 2015

Hi I am self-employed and only start trading only from June 2015 I need to find out about a ITA34 due the bank request it what is it and can I get it on SARS eFiling?

Letting out primary resedence

  Written by Marc   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?

Will I ever need to submit again?

  Written by Marc   Posted 30 December 2015

I went to SARS and submitted the tax returns in November, I have also resigned from my job in July, the gentleman that assisted me, just registered my staff and did not say anything to me. I received an sms stating that SARS received my tax returns.

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

  Written by Marc   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.

  Written by Marc   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?.

Does an intern pay tax

  Written by Marc   Posted 30 December 2015

I am an intern earning the amount of R3742/pm,do I qualify to pay tax?

Is the tax rebate apportioned for part of a year?

  Written by Marc   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?

  Written by Marc   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

  Written by Marc   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

Tax problem

  Written by Marc   Posted 30 December 2015

I am a self employed day mother in South Africa I worked a corporate company 8 years ago which deducted PAYE then I resigned I have never signed up with SARS as I was under I did not earn enough.. I now earn around 9000 rand a month but this is only recently. I have tried to join discovery hospital plan and they want an affadafit from the police station to say I dont have any IRP5 forms or payslips which obviously I don't have as I am not employed by anyone.. How do I go about this.. Help

How much does paye deduct on a salary of R11920

  Written by Marc   Posted 30 December 2015

How much does PAYE deduct from a salary of R11920 per month?

When does AP34 apply?

  Written by Marc   Posted 24 December 2015

What is an AP34? and why does one get penalised

What will be the tax deducted from my December salary?

  Written by Marc   Posted 24 December 2015

I have been employed from 01/03/2015 to 31/12/2015. My salary for the period was 11 250. 00 per month and I have received a bonus in December of a like amount. I have resigned to take up another job from Jan 2016. What will be the tax deduction for my December salary (salary bonus)?

It is important as the two monthly payments are different and the paye needs to be clarified

  Written by Marc   Posted 24 December 2015

A staff member earned R9500/m for three months then was given an increase which brought the salary to R11000/m. He/she hasn't been at the company for a full year and was given a bonus of R5000. How do I calculate the PAYE on this as there was only R500 deducted off the December salary?

Can I reclaim bonus tax when I don't normally pay any tax ?

  Written by Marc   Posted 23 December 2015

My salary is below the taxable limit but I received a bonus in Dec which worked out at 10% of my combined salary bonus. (18. 4% of my bonus)Is there anyway I can reclaim this from SARS?

Contracting Benefits vs Salary

  Written by Marc   Posted 23 December 2015

I am currently a salaried employee and I get deductions for:
- Medical aid
- Travel allowance
- Retirement (RA)

I am considering contracting (to one client). Will my total monthly invoiced amount be taxed normally? I will have to pay for medical, travel and RA directly. Am I losing out or do I still claim for these somehow?
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