Tax Q&A

New business provisional tax

I registered a new private company in late September 2015 and would like to confirm by what date the first provisional tax return must be submitted. The compa

answers

Turnover Tax Year of assesment

To Complete the TT02 Turn Over Tax form before 28/29 Feb 2016, is this for the 2015 or 2016 tax year? The TT02 from on the SARS Website still has the 2015 Tax

answers

A transfer from a Practitioner to a taxpayer has been authorised what happens next?

I need to transfer a tax return from a Practitioner to the taxpayer. Authorisation has been given. Must I register the taxpayer again? I am a senior citizen a

answers

Year end

If a company has a February year end, when is the tax return (IT14) due to SARS? Then it is due the following February - you have 12 months with which to s

answers

How do I claim my Uber rides as a business expense?

How do I claim my Uber rides as a business expense? Are you self-employed? Hi yes I am You can claim this within the "Local Business Trade and Profes

answers

What should I do with a message stating that SARS is compensating me?

I received a message stating that SARS is compensating me with a certain amount from Annual Tax Returned service 2016, with a ref no. What should I do next?

answers

Question which relates to tax deductions on pensions

Please understand, that I know very little about tax !! Infact, I leave it to the experts. Your wesbite is very informative, allow me to thank you. However, I

answers

How much tax do I pay on a quarterly performance bonus of R40 000.00 with a my salary being R23 000.

How much tax do I pay on a quarterly performance bonus of R40 000. 00 with a my salary being R23 000. 00 The performance bonus will be added to your salary

answers

Property sale issue

I'm selling a property of mine - it's my primary residence. The sale agreement will have the buyer settle the amount with me in monthly installments. Will thi

answers

How much tax should I pay on my second commission-based income?

I currently have two jobs. One as a teacher at a private school and one as a teacher in a township. At school I get a fixed salary and at the township I am pa

answers

Would I have to submit income tax if I earn R10500 a month

Would I have to submit income tax if I earn R10500 a month Yes you should submit a tax return so you can ensure you are up to date with SARS.

answers

Can I claim Pty start up costs back from tax

I have registered a new Pty company. Can I claim any of the start up costs back from tax? Like the company registration fees, training courses, lawyers fees f

answers

Tax code 3805 query

Hi I have tax code 3805, if I move out of state housing do I no longer pay the amount coupled to the code? If things change at your employment then the emp

answers

Donation from overseas

A British pensioner who lives in RSA and is a South African resident is being offered Â£1000 per month from her sister in the UK as the pensioner has no mone

answers

Im looking for my tax number

How do I get my tax number? I do have one but I dont remember it. Please assist me. Please call 0800 00 7277 to find out your tax number.

answers

Sole proprietor registration and tax returns

Where do I register as a SP? What type of expenditure must I submit during the tax return season? You do not register as a sole prop, you are effectively t

answers

Do I need to pay tax on monetary gift amounts that I have received?

If I receive a monetary amount as a gift e.g. A birthday gift, do I need to declare it and is it taxable? I'm not referring to R500 - more like R5000. No th

answers

Independent contractors - liable for employee tax?

We have several independent contractors who we pay regularly each month (R7k). (1) Is employee tax relevant in this instance? (2) If so, do we do deductions b

answers

What to do after incorrectly claiming expenses?

I incorrectly claimed my MPS fees back on SARS eFiling. I only realised this after submitting supporting document as requested. Since then I realised my mista

answers

I need tax number from SARS?

I need a tax number. Please read our blog on How to get a SARS tax number

answers

How do I register for eFiling when it refuses all my attempts?

For years now we have tried to use SARS eFiling but have never yet managed to get into the system. What are the exact reasons it gives you for failing?

answers

What are the admin penalties, if any, for late submission of the second provisional tax return

Apart from the potential penalties for under estimation of provisional tax, are there additional (separate) penalties for non/late submission of the second pr

answers

Independent Contractor Setup

Hi TaxTimGreat site! I need guidance on what is required ito independent contractor (IC) tax & vat requirements. 1) If trading through my PTY LTD company as an

answers

Hi tim to claim my late husbands provident I was asked to obtain a tax number but I do not have one

Hi tim to claim my late husbands provident I was asked to obtain a tax number but I do not have one as I was never employed in my life what type of tax form d

answers

Online Bookkeeping Service

Does TaxTim, know of an online Bookkeeping system, that would work similar to TaxTim. A digital bookkeeper offering simple bookekeeping and preparation of fin

Page 73 of 317

Showing 1801–1825 of 7902 articles