Tax Q&A

How do independent consultant pay tax?

I work as an independent consultant for two organisation. I basically invoice these organisation monthly for work done. The contracts are structured in such a w

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How much tax is my company allowed to deduct from my salary?

I would just like to know I earn R96k per annum, plus occasional overtime, commission and performance bonus of - R1000 on occasion, how much is my company allo

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how much tax will a business pay on r100000 profit an if a salary is paid to me,must I pay tax?

I will be starting a business soon, I just wanted to know, if the business earns more than R10 0000 profit a year, what will the tax amount be? an if I pay myse

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May I get a PAYE tax calculation table?

When does an employee qualify to pay PAYE? A full time employee will pay PAYE if their annual earnings exceed R70 700 for the 2014 year of assessment.

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Is it possible to get a tax calculation table for PAYE?

Is it possible for an employee to get a PAYE calculation table? If yes can you send it to me? You can make use of our SARS income tax calculator which will

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Tax Deduction?

I have been paid by my employer from Sept 2013 till Feb 2014. I would like to know what would be the tax deduction for the total gross income earned in FY 2013-2

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SARS eFiling bank details changed and no letter?

I submitted my tax return etc and my bank details changed, The following day I got this message under SARS status: AVS Bank with AVS verification pass. Its the

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I am not registered as a taxpayer?

I recently lost my job and, I have started my own business. I work alone but in the feature I will have to employ 2-3 workers. What I want to now is must I regi

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How fast can I get my tax number?

I need my tax number but I don't have money to came to SARS and collect my tax number because I stay in rural area can I get it in internet? You can call 080

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Are there any normal tax and/or capital gains tax implications on a refundable rental deposit?

Are there any normal tax and/or capital gains tax implications on a refundable rental deposit? No, other than the interest earned on the amount which would b

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How do you register a company that won't be using VAT but would like the perks?

I have started a new company and want to know the following:My company won't be doing invoices or quotes nor will it be buying anything on credit. So no VAT wil

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How does my tax work if I am the sole proprietor and sales person of my estate agency?

I am a principal of my own estate agency. I work alone. How does my tax work? As a sole proprietor I am not certain, as I do all the selling myself? Is you a

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Tax percentage in South Africa?

I would like to find out about tax percentage? You can view the latest tax rates by reading our blog post on the 2015 Budget.

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I earn R6 000 plus petrol of R3 per km, how much tax must I pay?

I earn R6000 pm month plus petrol. How much tax will I have to pay? Please use our SARS income tax calculator in order to calculate how much tax you will pa

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When does cash clear

I'm just wondering when my money will be in my bank I submitted it on Monday the 21st they sent payment out on 25th when will I receive payment? Due to the w

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Academic books - deductible?

Can I claim deduction for academic books I buy? I am an academic employed by an institution. I need the books to do my job but my institution does not pay for b

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Sabbatical tax relief - more than 183 days

The 183 day rule - I will be out of the country in the coming year for 177 in the US and 10 days in Finland on business. I am an academic and will be a visiting

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Youngest age you can register to pay tax?

Can a 12 year old be registered to pay tax if they receive an income from a Trust? Yes, anyone can register as a taxpayer provided they have an ID. They will

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Why is Tax Tim open to a few educational institutions?

Why is the educational part of TaxTim only limited to a small group of educational institutions? There are many students studying Tax in various colleges that a

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Salary calculations - what is included?

An employee gets a Travel Allowance - 80% of his salary (correct). He also needs to pay off a Staff Loan - R1,000 per month. Do you deduct the loan amount BEF

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How to "Request Tax Types" on eFiling if not reflected?

I am assisting a friend to create her own eFiling profile. She was using a tax practitioner before, but it became too costly for her. We need to request the d

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Tax payable when resigning from the GEPF during 2014?

How much tax will be payable on a amount of R2 500 000 when resigning from the GEPF at the end of May 2014. Please make use of our Lump sum calculator in o

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Is my ex spouse subject to pay tax on a divorce claim?

How much tax will my ex- spouse pay on divorce settlement? There is no tax on divorce settlements, these are specifically exempt from tax.

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Do I have a tax number?

I'm a government employee for about 11 months now and I have never registered for a tax number but they do deduct a tax in my income, does that means I do have

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What to do with my number company for tax purposes?

I am a working individual with a small IT support Company on the side that I am running for extra income. The company is registered as PTY LTD just wondering w

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