Tax Q&A

Where do I find the SARS registration form?

I registered for SARS SARS eFiling and they sent me an email saying"Please fax the SARS eFiling Registration form, together with a copy of your ID"Which regis

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Does SARS tax international lotteries prize money?

Does SARS tax international lottery prize winning money when it comes to South Africa?if yes what is the percentage that SARS tax and what category is this ta

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Can you claim back school stationary, private school fees and gap insurance as a private individual

when submitting your tax return, can you as a private individual make any claims on school stationary (books, pens etc), private school fees and / or gap insu

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I started freelancing 3 motnhs ago, do I need to do my taxes this month?

I started freelancing 01 November 2015I was still working until 31 October at a company that was paying my tax for me. Do I need to do my provisional taxes th

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Fringe benefit tax on fuel card

We receive a fuel benefit which is indicated as an income ( this in my mind will put me into the next bracket ). I am taxed on the higher income, then the ver

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PAYE registration for an employee

I own a micro business (a company) that's registered for turnover tax. Up until this point I have had no employees so I didn't register for PAYE, UIF, SDL, ET

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Salary Gross Up Calculations

I need to Gross up a salary and my payroll system does not have that function. Is there an easy enough method to work it out? Please make use of our SARS i

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As a sole proprietor making less than R350k/year, do I pay income tax?

Thank you for taking my question. I am a sole proprietor that receives money from a single company for odd jobs around the office. I am not on contract with t

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Tax - Abu Dhabi and South Africa

I am looking at going to teach in Abu Dhabi but I really don't understand how the taxes work while I am overseas. I don't know when if ever I will tax return

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Penalty for late payment of vat

What is the penalty for late payment of vat? 10% of the amount outstanding. Thank You Tax Tim, this was most helpful! Only a pleasure!

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Rental income & expenses, can I claim on regularly inspecting my property?

I will be renting out my primary residence in Cape Town for a few years while I work on the Wild Coast rent-free. Can I claim a quarterly site/property visit/

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Donations Tax on house sale to sister.

I plan on selling a fixed property worth R450 000 for R225 000. How much will the donations tax be? Who are you selling this to? HiI plan on selling th

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IRP5 source codes - what do they mean?

3698-3699 gross remuneration. What does it means. Is their money I can claim? No, these are totals of your income earned for the year - summaries of the ty

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What is the taxable age ?

Can you get a tax number at the age of 17 years with a valid South African ID? Yes you can, please read our blog on How to get a SARS tax number

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Delay in finalisation of my return

I submitted my 2015 tax return in November 2015 with supporting documents, and to date it is still in audit with no queries raised. Who do I complain about the

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Can I claim for medical expenses if I have no income?

I was retrenched last year at the end of January 2015. I have not worked since then but I have been paying medical aid privately. How do I claim (or can I cla

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Must there be a contract if my father lends me money?

If my father lends me money, must there be a contract How much is he lending you and for how long? It would be R100 000 over a period of three years.

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Query on payment of uif

Do foreigners pay UIF and if so do they benefit No they will not pay UIF.

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Provisional Tax - what Provisional Periods should I be using?

I submitted my 2015 tax return [regular tax return] for March 2014 to February 2015 period, by due date in November 2015. No problems and monies due paid over

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SARS deducted money from my account without resolving a lodged dispute.

In 2013 my employer at the time deducted PAYE but did not pay same over to SARS. Upon receipt of a demand from SARS I lodged a Fraud notification with SARS and

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Is UIF part of TAX for the full year?

Where does UIF get submitted? The company will pay the UIF for you to the Department of Labour/SARS.

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Medical Gap Cover

I took out medical gap cover under my own name. I have since stopped working. The debit order for it has changed to my husbands bank account. Can he still cla

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Refund and auditing outcome

I initially filled for my tax returns for 2015 and I was told that I had two outstanding years I have to filled and until I do, i'm not going to receive my re

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Am I eligible for 2nd one third tax free payment?

I was retrenched at age 54. One third tax free amount paid out to me. Started working again for another company after 4years. A contribution towards a provide

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How to practically offset an assessed loss

Hi Tim, I owe SARS R240,000 for income tax year 2012. However, when I checked my compliance, I had not submitted an income tax return for 2011. So I submitted

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