Tax Q&A

answers

Tax on standby allowance

I receive a standby allowance every month that is being taxed on. It is a fixed amount of 14% of my salary to basically be on standby for any breakdowns. Can

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How can I pay tax ovr to SARS for my investment income?

I would like to know how do I pay my tax when I receive mi IT3B CERTIFICATE am I suposse to register as a PROVISIONAL TAXPAYER how do igo about doing this it

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Source codes 3701 and 3702

I am busy with my 2017 salary structure. My HR department is offering me both codes 3701 and 3702. Will that be allowed in 2017 tax year. Somewhere I read tha

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Do construction workers pay tax?

if working in the construction company,do they have to deduct my monthly tax returns from my salary? Yes, they should deduct tax from your salary if you ar

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How do I calculate provisional tax and when/where do I pay it?

I am a freelance writer and my income depends solely upon jobs that I get from international clients. I get paid weekly in dollar and my income fluctuates. Re

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Tax deduction for family donations?

A) Can I claim a Donation deduction for the following:1. Son's university fees, paid on his behalf. 2. Monthly donation to my sister. 3. Monthly donation

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How do I obtain an ITA34 from SARS

Good day I need SARS assessment letter Have you filed the most recent tax return? Are you registered for SARS eFiling? Hi Tax Tim yes I am but I,m not s

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IT3(B) received

I received a letter from GEPF stating that interests received to SARS is R15000 so what must I do go to GEPF OR SARS You need to keep the letter and take i

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Where else can I get my IRP5 from?

Need IRP5. Company liquidated You can still submit your tax return, however you will need go into SARS with your bank statements and payslips from each mo

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SA Citizen Working Abroad

I am a South African citizen, working in the USA (on a work visa/permit). I have been studying and then working in the USA for the full tax year (Mar 2015 - F

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How much will I get as refund

I am a temp in my work,i have worked for 24 weeks from march 2015 to february 2016,i have earned 156000 and I was taxed R19650. I would like to know will I ge

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Tax deductions on rental property

I have a rental property that's in a different town from the one in which I live. Is the fuel that I use traveling the property to make improvements tax-deduc

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Tax on pension and shares lump sum payouts

Can I claim tax on my pension withdrawal lump sum payout and on my shares payout Unfortunately not, this is not a claimable tax and is a once off deduction

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Deductions against rental income

I have moved from CPT to JHB. I own a house in CPT which is now being rented out to tenants. In JHB I am currently renting. From a SARS perspective, do I need

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Where can I claim tax refund

I was paying tax now im unemployed so how can I claim an where? If you have the IRP5 for the years you paid tax, you are welcome to file a tax return. Re

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Need help getting my tax affairs up to date

I have been running my own business for the since April 2013 and I haven't paid tax. Only had one constant customer. Will you be able to help me or should

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How does ringfencing for rental income work?

I have a question, regarding if you make a loss from rental income i. E What if the expenses exceed the rental income? How exactly does this work? please provi

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Can TaxTim file my company's return too?

Does TaxTim also help with filing a tax return for a private company? Unfortunately, not at the moment - however, we are currently building this product fo

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Allowable tax deductions for a company?

I work for myself running a trading business. I purchase a cell phone for my business for 10k and a coffee machine for my office for 12k. Are these fully dedu

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Medical Insurance - Do I put that on my tax return?

I have been submitting my tax returns for many years and use to include my Medical (which is a hospital plan with Liberty but not viewed as a medical aid, whi

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Vat implications on mobile apps

are there any vat implications on mobile applications in south africa? please make reference to the vat act if possible. if not, how are the mobile applicatio

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Is SARS open on public holidays?

Is SARS open over the public holidays and if so up until what time? SARS is not open on public holidays. You are welcome to contact us if you have a tax re

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Where is my logbook?

Hi! This might sound silly, but I have your logbook, I just want to know where is that information stored and how do I access it? I might just be looking in

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How many "Trade and Professional Income" sections on an ITR12 does a freelancer need?

I'm a freelance creative in the television industry. I work with many clients throughout the year, some deduct PAYE and some pay me the full amount on the inv

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Tax deduction on UIF & SDL

Can you claim UIF and SDL contributions from the tax Unfortunately not, these are not taxes, but contributions in the event you are not working anymore.

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