Tax Q&A

Tax calculation with salary increase

Is tax calculated on a monthly or yearly salary? If your salary increases within the financial year, will the tax owing be increased only for the remaining mo

answers

Question is am I applicable for a tax number when doing forex trading

I am 18 years and I have decided to start doing forex trading and I found out that I need a tax number. Question is am I applicable for one? Yes you are, p

answers

Tax-deductable items

I have recently starting working from home as a free-lance food journalist. I had to purchase office and kitchen equipment to use to do my job. How do I claim

answers

Two medical aids

For the first four months of the tax year I belonged to a full medical aid deducted from my salary as part of cost to company. After that I was retrenched and

answers

Send me a tax certificate

How can I get tax certificate from my medical aid? You need to call your medical scheme to get this certificate.

answers

Updated IRP5 to SARS from Employer turnaround time

My Employer have re-consile my updated IRP5 to SARS, how long it takes to reach SARS (updated IRP5)Actually my employer updated my IRP5 to SARS on Friday 9th

answers

Calculation of travelling & depreciation

Commission earner - Please inform me how to calculate the following:# travel expenses with a log book # without a log book - expenses incurred are as follows

answers

Email address to submit IRP5 corrections to SARS

I have submitted my tax form incorrectly, please can you send me an SARS email address to forward and attach the correct documentation along with a letter.

answers

Taxable Rental Income

I'm currently renting a property in Johannessburg, but I'm also letting out a property. Can I use my rental expense to offset my rental income from my

answers

Tax-deductable items like laptop or car

If you use items like a laptop or car for work purposes and want to claim depreciation value back from SARS, does the item need to be new or for how many year

answers

Where do I obtain my own IT3 a form?

I am the only member of a CC. I am self- employed. I need to issue myself with an IT3a form. How do I do this? I have been drawing a small amount from the p

answers

Going in to SARS or not?

SARS has asked me to provide documentation to verify my baking details, and there is a paragraph at the bottom of the letter saying "Should you be required to

answers

Are overseas gifts from children classified as an income?

One of our children, who is working overseas, has recently being sending my wife and I (we are 63 years old) money each month to help with our expenses. Once

answers

How do the selling of my home impact my personal income tax obligation?

Hi Tim. I asked you previously what my tax obligation was on selling my house for R80,000.00. You replied that I do not need to pay tax for selling the house.

answers

Non medical aid claims

How are medical claims to be handled for a taxpayer who does not contribute to a medical fund? You can claim these medical expenses in the Medical section

answers

Medical costs that medical aid didn't pay for?

I have R5200 worth of medical expenses to claim for. Will I get any of it back? Please make use of our Medical Tax Credits Calculator to see the medical ta

answers

Change banking details

Can I change my banking details while SARS is reviewing my assessment? Yes, you will be able to as long as you have all the relevant documents. Please read

answers

Married taxation on investment interest

My girlfriend and I are planning on getting married and as part of this we would like to know if being married In Community of Property will affect the tax ap

answers

Why did I get tax deducted when I employed for 1 month

I want to understand how do I get my tax deducted if I was on a 1 month contract that they did not renew How much did you earn? I was paid 4187 instead

answers

Claims for home office expenses

I am a salaried employee of a large corporate company, but I also earn commission from a part-time business, for which I have a dedicated office at home. This

answers

Capital gains and recoupments

If my selling price for an asset is R 2,258,548, Cost is R 2,800,000 and the Tax Value is R 1,120,000. What will my recoupment and capital gain be? Please

answers

How long for money into my account from SARS as my refund?

Hi my accountant rang me fri to let me know he's asked for money to be paid into my account as everything is finalised how long does it take please? It sho

answers

Full-time student, earn below tax bracket can I be taxed 25% per promotion job?

Hi TaxTim,I am a full-time student and work for a company during my free time where I do odd promotions in a month. I am earning below the tax bracket and I

answers

Do I get anything for contributing on tax?

I Have been working for the company on contract and my monthly salary was 10. 000 and I have been paying 700 tax every month and now the company is terminati

answers

My medical aid is only deducted after PAYE. (i.e. Income - PAYE) = x less medical aid

My company insist that their calculations are correct. They only deduct my medical aid contribution after PAYE. As a result instead of my deduction being R10

Page 102 of 317

Showing 2526–2550 of 7902 articles