Tax Q&A
Would casual staff have to pay tax
If I am employed full time and the company needs casuals helpers outside of working hours (after hours) and I volunteer would the company have to pay me out o
Read moreDo l get exemption from tax since l fund my own BTech: Civil studies
I am a salaried employee and have just registered to study BTech Civil. I am fully responsible for funding my studies as the company does not sponsor BTech an
Read moreWhat to do when disability & medical on ITR12 is not part of ITA34 and received letter of completion
Hello TaxTim, for the tax year 2015 I completed my ITR12 through e-filing on the 26-11-2015, including my disability totals. The same day I received the ITA34
Read moreTwo people donate R100000 each to my account, is the R200000 I get taxable?
If two people each donate a R100000 into my account, which will make the amount R200000 is it taxable? No it will not, they person who donates the money i
Read moreWhat are fringe benefits?
My company pays for my medical aid in full. But I get taxed more on my salary,They say its called fringe benefits. Please explain A Fringe Benefit is when
Read moreConfusion about claiming expenses
I earn a monthly income on contract basis from a company, but I also freelance from home. Does this make me a provisional taxpayer and an individual taxpayer?
Read moreIT34 notice
Good daySARS has issued another notice IT34, kindly forward to me. If you click on My Tax Docs it will be there for your viewing.
Read moreCan I submit a tax return with both provisional tax and IRP5 information?
Hi there! I am a freelancer and earn about R120 000 a year. Some of my clients pay me the exact amount I invoice them, but two of my big corporate clients ded
Read moreHow much will she be taxed
Hi TaxTim my daughter is 11 years old she does acting part-time now I want to know as she earn R1500 per shoot, she only had 10 shoot how is she going to be t
Read moreWould I get the refund originally calculated after verification assessment is complete?
When I submitted my tax return, I received an ITA34 informing me that I am due a R3 000 tax refund from SARS. Then I received a letter from SARS asking me for
Read moreWhat is the final payout on R968876.30 after tax
My accumulated pension fund is R968876. 30, if I resign how much will be my payout after tax. Please make use of our Lump sum calculator
Read moreTax implication on Buying Namibian property and Rental income from Namibia
What is my tax obligation/implication when firstly, buying a property in Namibia and secondly, after building on it renting it out and earning rental income o
Read moreCGT on deed of sale or on date of transfer of property
I sold a rental property in my personal capacity and the deed of sale was 22 January 2015 but the deed of transfer was 6 months later. When am I liable for CG
Read moreGive me an example please R500 p/m x 30 years
I have a retirement annuity with Momentum. I only pay R500 a month and want to know on the day I retire if 2/3 will have to be reinvested in a annuity (to pay
Read moreIncome TAX for temp job with total income under tax threshold
Will be registering with SARS for income tax this coming week. Doing a temporary job for January and February. 1. The business owner is telling me that will
Read moreHow do I gain access to eFiling to see the progress on my returns, returns done by tax practition?
I have a tax practitioner that does my tax returns on my behalf. How do I gain access to SARS eFiling to see the progress on my tax returns? You would need
Read moreTax payable on unit trusts in us $ when converted to cash
Tax payable on unit trusts in US $ WHEN CONVERTED to cash Please explain your situation further? I have unit trusts in Investment Solutions strategic U
Read moreEmployee tax claims
Can one claim for parking expenses at their permanent place of work in south Africa? Unfortunately not if you are a salaried employee.
Read morePension resignation benefit for tax purposes.
If my resignation as a dept educator gives me a payout of R320000 as a pension resignation benefit how much tax would be deducted Please make use of our Lu
Read morePAYE calculation on Tempory/Part time employee
Good day, if an employee has a 6 month contract, does he pay more tax than a permanent employee and if so, what %? Generally SARS requires 25% tax to be wi
Read moreHow should I incorporate a charitable donation in my tax calculation?
According to SARS, "Deductions in respect of donations to certain public benefit organisations are limited to 10% of taxable income (excluding retirement fun
Read morePension resignation benefit
If my resignation as a dept educator gives me a payout of R320000 as a pension resignation benefit how much tax would be deducted Please make use of our Lu
Read moreHow to calculate provisional tax Feb 2016
As a provisional tax payer what are the periods (months) that I need to consider in order to calculate my tax submission for 28 Feb 2016? You need to calcu
Read moreIs SARS definition of 'taxable income' circular with respect to donations made?
According to SARS, "Deductions in respect of donations to certain public benefit organisations are limited to 10% of taxable income (excluding retirement fund
Read moreWhen am I geting the money
Hi guys I claim on the 06 January 2016 it was my first to claim the guy that was helping me he told me the money will be inn in two days still never get the m
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