Tax Q&A

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What is the PAYE on my salary?

Tax payer is turning 65 during 2017 tax year end. Employer pays 3% provident fund and employee pays 6% per month. Employer pays 50% of medical aid, employee p

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Can I claim from a pension fund that was taxed?

I have resigned in 2015 February - am l entitled to claim tax refund on my pension money that was taxed? Unfortunately not, this is subject to a full and f

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Net pay determination

If I have a R3000 petrol allowance added to my salary, will the provident fund contribution be deducted as well, e. G. If on 10% contribution, then the net in

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Section 10(1)o - Any 12 month period

I started a job out of SA on 1 August 2014 and traveled regularly from SA to my place of work out of SA on rotation up until the end of the job on 29 February

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How much does an R8000 monthly earner have to be taxed?

Morning, in March I was taxed R1600 according to my payslip. I still do not understand why I was taxed so much. I earn R8000 a month & I get paid on the 25th

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Does one pay tax for casual work and if not registered

If a person works in a construction company and earns 450.00 per day sometimes full week sometimes short days unpaid and not registered how does he pay tax

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Can I claim a tax refund for prior years?

I have started working in 2006, but I never claimed a tax refund. Is possible for me to claim for all those years? How much did you earn in each year? F

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Income Protection Policy deduction

I have a 'Life cover' policy with Old Mutual that pays out the same value as the assurance value under 'Earning ability cover' section of the policy. Can I cl

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Must I do a tax return after resigning?

I resigned last year - I want to know, must I do tax return this year? You can Register for TaxTim and we can assist you in filing your tax returns.

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Please clarify if I can get a tax directive and how they work

My estimated gross income R670 114. 00My estimated expenditure R306 081. 00Estimated taxable income R364 033. 00Please show me the calculations to get a ta

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PAYE on show on payslip, do I still register?

My Payslip shows PAYE with amount of tax deducted - do I still need to register to get a tax number. Yes you must still register as you will have to submi

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Section 10(1)o - successive tax years and overlapping 12 month periods

Hi Tim,When working successive years out of SA on a rotation basis (regular travel to and from SA) am I able to overlap my 12 month periods I use when calcula

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Tax obligations for Bitcoin trading

I intend to purchase Bitcoin internationally and trade locally for ZAR. Do I need to factor in duties and VAT for the purchases, and if so how much will the d

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Is leave payout taxable?

This is regarding Leave Encashment. Is it taxable in South Africa? If yes, what is the percentage of tax deduction? If it is taxable, how can we get a refund?

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What are wear and tear deductions on laptop and car?

I use my car to go to and from work. I bought the car in 2015. Can I use this as a deduction on my next tax return? I also use my personal Laptop for work, a

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What is tax threshold for 68 year old?

I am 68 years of age and live off dividends which are taxed before I receive the money. I have a cottage attached to my house (which I own) which I rent out on

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What expenses can be deducted when renting out my short term holiday cottage?

What expenses can be deducted from tax for renting out a cottage on my property as short term holiday rentals through Airbnb etc? You will be able to deduc

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What is the tax for expats working in South Africa on visitor visa?

Is there any tax for expats working in South Africa on visitor visa for 90 days? You are not allowed to work in SA if you only have a visitor's visa.

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RA Claim for British citizen who is emigrating

When a British Citizen leaves South Africa for good after paying a RA for many years, what is the process of getting the money back and out the country. Y

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What are long term loans?

What are long term loans? These are loans for which you have to pay back that are expected to be paid back after 12 months.

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How to obtain forgotten eFiling password?

My last tax return was filed in in 2009. My husband and I are divorced and since then need to get him off my SARS eFiling site but I have forgotten the email

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Do I need to keep a logbook?

My monthly salary is split up into salary and travel allowance. Therefore my PAYE is calculated accordingly. The company pays for all my petrol, whether busin

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Why aren't I getting tax rebates on all my work expenses?

I contract for a UK based company and and paid in Rands each month - a salary, and all my expenses. Currently I pay a tax person in SA to do my tax (I am paid

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What is Employee's Tax (PAYE)?

What is PAYE? It is PAY-AS-YOU-EARN so essentially your income tax on the money you earn which you employer pays over to SARS on your behalf each month.

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Tax Directive CCMA settlement

Hi there, I recently won a case of unfair dismissal and the commissioner stated I would be taxed at my regular income rate. I have been taxed at 41%! Is this

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