Tax Q&A

Provisional returns submitted but not assessed and no income tax form on efiling

I am a provisional taxpayer and have completed an IRP6 for 201402, 201401 and 201501. My last assessed year was 2012. I still need to complete the 201502 and

answers

What exchange rate to use on foreign dividend inclusion

When calculating the Rand value of foreign dividends to be included into taxable income under s1, what exchange rate must be used if the dividends accrued ove

answers

How much tax to pay new employee

I'm starting a small business, if I pay an employee R15000 monthly, will he need to get SARS registered and how much tax will be deducted? It is only UIF he i

answers

What income do I declare on IRP6 now that I earn a salary too?

Hi. I have been submitting provisional tax returns (IRP6) for a few years but since December 2015 have entered full-time employment, and hence receive an IRP5

answers

How to legally handle an amount of R500,000 paid to parents for purchase of retirement home.

My husband and I are over 75 and because of his health problems have sold our home and bought in a Retirement Estate with Frail care. Our son, has donated R50

answers

Tax implications of cash donation received

Is donation received included in gross income? Yes it is, but it will not be taxable in your hands. The donor will pay tax on all amounts over R100 000.

answers

Only worked two months of the tax year.

I started work in January 2015 and my tax was based on an annual salary however as of February 2015 technically I had only earned 2 months salary and not the

answers

Audit/Verification duration

Hi, I submitted my 2015 tax return and was selected for audit/verification. The supporting documents were uploaded on the same day (15/08/2015) I am not due f

answers

If I earn between R1000 and R1500 how much tax will I be charged?

Hello TaxTim, I'm planning on becoming a tutor at a university that I'm currently at and they told me they need my tax number. I'm not sure exactly how much I

answers

Source code for christmas bonus

Source code for christmas bonus This would be included with your normal salary and taxed per your marginal tax rate. The source code for a bonus is 3605.

answers

My account disappears and I can't log into my profile

I have registered for SARS eFiling about 8 times now. They asked for supporting docs as my bank details changed. I have submitted these every single time. And

answers

What must I do when they require me to file last years tax return? This year was my first filing

This was the first year I've filed a tax return. But I have paying tax via my salary for 4 years. Main reason I haven't filed in the past was because I was to

answers

Is donations tax not double taxing?

Hi, I am not sure about donations tax, why do I need to pay tax on donations I make if I have already paid income tax on this money? The way I see it this is

answers

When and why must I do efiling?

My employer does deduct monthly tax from my salary. My income is not more than R250000 a year. I have no other income that I earned or interest rates or divid

answers

What source codes are used for Investment Income interest?

What source codes do I use on my tax return for Investment Income as listed in my first submission? It must be reflected as "local interest income" on your

answers

If my parents medical aid is paid from my bank account how can I include them in my return.

If my parents medical aid is paid from my bank account how can I include them in my tax return? Is the Medical Aid in your parents name? Are they financial

answers

How is tax on share options calculated after death?

My dad passed away in Aug 2013 and had a bunch of share options that went into his estate. We sold the share options in Dec 2014, and the estate was wound up

answers

What happens after receiving your ITSA?

I received my Statement of Account/ITSA 5 days ago, and it's a negative amount. I presume that means I am due for a refund. What's the process after that? Do

answers

Efiling conundrum for real estate investment

How does one enter local REIT dividend on SARS eFiling? You would put it under the Other Income section of the tax return - please Register for TaxTim and

answers

My efiling profile keep on being deleted?

I keep on registering for SARS eFiling and then they request documentation to verify my registration once I have submitted my docs,the next day when I want to

answers

They said amount to you is R0.00. What is the 1st payment and 2nd payment for?

I have submitted my IRP5 in my tax return to SARS. I received this message: Amount R0. 00 due to you. Date of payment: 1st date 2015-10-01 and 2nd 2015-10-31.

answers

Tax claim for estate agent NQF training books and exams

I am working as a full time employee at an Estate Agency firm. We were forced to do certain NQF Level training that I had to pay for myself otherwise I could

answers

Should I spend time/energy requesting IRP5s every year?

Is it worth asking for copies of the IRP5's if they were provided to SARS by the employers/investment houses already? Since all three were provided directly t

answers

Why is there no section for salaries and bonuses?

Why is there no section for salaries and bonuses on my tax return from SARS? This would be your IRP5 section on the tax return. Did you receive an IRP5? If no

answers

Annuity Fund contributions claim

When you have an Annuity (Retirement Fund), where does this fall regarding claiming from SARS?This is a fund that we pay ourselves as my husbands employers do

Page 111 of 317

Showing 2751–2775 of 7902 articles