Tax Q&A
SA pension taxed in Mauritius
According to the SARS website if you are a resident of Mauritius you can apply for a directive to have your income from a South African pension to be taxed in
Read moreEarning R1339.56 and pay tax of R685 every week
I'm earning R1339. 56 per week so that they deduct 685 every week - is that normal? Please make use of our SARS income tax calculator to work out how much
Read moretax liability on a small business income
My turnover for my small business was R2 610 525my loss after expenses was -R793 994how much tax must I pay? If you have a loss, then there will be no tax
Read moretax liability
Is it possible to pay 25% TAX on a R8 500 salary when you are not employed on a permanent basis as yet? Yes, if you are a casual / temporary worker then SA
Read moreI haven't received my refund for 2014
My original 2014 assessment showed a refund due but it was never made. How do I go about requesting SARS for the refund? Have you submitted all your tax re
Read moreWhat documents to submit when I use TaxTim to submit my tax return?
I am a Sole Proprietor and have signed up for individual tax and provisional tax with you. With regards to my Tax documents, can I send you my bank statements
Read moreMedical deductions
I am not the policy holder or on the policy as the dependent, however I pay for the contributions in full from my bank account. It is my parents medical aid p
Read moreForex trader tax allowable deductions
I want to become a Forex Trader and would like you to advise me on how do I go about? (do I need to form some sort of form from SARS for tax or the money/prof
Read moreTax on foreign earned income
I've been working overseas temporarily and have save up 2600euros, when I come home will this be taxed when I exchange it to rands. How long have you
Read moreVDP in respect of Interest on foreign funds
Hi. I worked in the UK for the period from about 1982 until about 1986. During that time I purchased a house there in 1982. After coming back to SA in 1986, I
Read moreWhen do I start to pay tax?
My question is from what salary range do you start paying tax? If you earn more than R75,000 from 1 March 2016 onwards then you start paying tax.
Read moreCan I withdraw and reinvest money in the same year in a tax free investment account?
If I invest R30 000 into a tax free investment account in one year, and withdraw R10 000 from that account in the same year, then my total contribution for th
Read moretax refund and deductions
Hi I have never submitted anything for tax so need to find out if there is something to claim I've been full time employed from 2007 and never submitted anyth
Read moreTax on provident retirement fund
I am emigrating to Australia in August 2016,my provident pay out would be R180000.00 what would the tax payable be and is there any part of this amount which
Read moreRegistering a minor for tax
Can you assist me in registering my two minor children for tax - they get money from our trust Please read our blog on How to get a SARS tax numberPlease R
Read moreSource Code Travel Allowance
Can a company included both tax codes 3701 and 3702 on the IRP5? How will this affect the tax payable on the income? Does the company reimburse you for tra
Read moreForeign employment income
Please advise the tax application on the following1. SA residents living and working in South Africa for a overseas company. 2. Receiving a salary from the ov
Read moreChanging of banking details-SARS Tax practitioners unit
I want to change a clients banking details at a SARS tax practitioners unit. I understand that only the tax practitioner himself can change the banking detail
Read moreTax due on ccma award
Hi there I am due to receive R97000 from my ex employer for unfair dismissal was awarded from the CCMA how much tax would one pay on this amount thank you in
Read moreTaxation Rate of Retirement Benefit Lump Sum
At the age of 58 - if I retire from a provident preservation fund and receive the benefit as a lump sum - at what rate will I be taxed? Please make use of
Read moreOver-taxed on pre-retirement preservation fund withdrawal
I started working in Jan 2012 for company. In Dec 2014 I was retrenched and paid a severance package. I preserved my provident fund contributions in a preserv
Read moreEarn a salary in the UK and will be moving to SA permanently
We are a couple who recently moved to Cape Town from the UK. I am a South African and my wife is Swedish. She is here on a temporary residency visa. We both d
Read moreIs SARS open on weekends?
I need to go to SARS and get my Tax number so I was wondering if they open on Saturdays Yes certain branches are open on a Saturday. You can phone 0800 00
Read moreClub membership costs tax deductible?
As a director of a company can I claim golf or boating membership fees as a tax deduction? If these have no real business related connection then no this e
Read moreAre you able to submit my tax returns even if I was using another accountant?
I was using an accountant from my prevous employer. He was fired a few years back and I can't get hold of him so I can't file for my tax returns because he ha
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