Tax Q&A

VAT Application form

I would like to register for VAT which application form is the correct and most recent one? I have downloaded two forms one is called the VAT101 and the other

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How to calculate overtime for 6500

How to calculate overtime on R6500Saturday - 15 hrs (2weeks)Sunday - 8 hrsMidweek - 10 hrs You need to speak to your payroll department about this.

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VAT Registeration

How long does it take to get a VAT number? After you have submitted the documents you should receive a number within 24hrs.

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Employer Registration

I need to register as an employer for PAYE and UIF once I submit the application forms and supporting documents and all is well, how long does it take to get

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Work done for previous employer after hours

I have done some work for my previous employer after hours to assist until the new person is employed. We agreed upon a hourly rate. I must now be paid for th

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Retirement fund payout

I changed jobs and had a portion of my retirement fund paid out to me. Where do I include this info on my tax return You should have received an IRP5/IT3A

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Unsure about income source codes

What is the difference between income source codes 3601, 3605 and 3801 as it appears on my tax return? 3601 is salary3605 is an annual payment e.g. bonus38

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Travel Expenses - commission

I work for a company. I am contracted out to a client. I gather I can claim travel costs from work to the client? I have maintained a log book but I have not

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Are you able to help with semi-complex returns as well such as shares dividends and trust incomes?

Are you able to help with semi-complex tax returns as well such as shares dividends and trust incomes? We can certainly assist with investment income (i.e.

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What will TaxTim cost?

Hi Tim, I am 68 years old, and employed full time. I receive a salary of R 20,000 per month before tax. I receive an annuity payment of Â±R 650 per month and

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Do I qualify if I earn R32400,00 a year

I 'm earning R2700,00 per month which is R32400. 00 annumDo I qualify Your earnings are below the tax threshold and therefore you do not pay tax nor need

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I am a provisional tax payer with an employee - I want to give him a bonus for December -

I am a provisional taxpayer with an employee - I want to give him a bonus for December - does he pay paye/uif on this? If he works more than 24 hours per m

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Lump Sum Retirement Fund deposit no longer accepted under SARS code 4006 in reassessment

Hi. My 2013 tax return was reviewed this tax year and adjustments made by SARS to my Retirement Annuity fund which has now left me owing SARS a large sum of m

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When will I be taxed, if buying and selling vehicles privately for profit.

I have started buying, fixing, and selling vehicles privately. This is a secondary income, as I am employed full-time. I probably sell four vehicles a year, a

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ITA34 report when receiving a non-taxable allowance

The bank requires me to submit an ITA34 report for a loan application. My income is not taxable because it is an allowance from my parents. Is it possible to

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Needs a tax number urgently

One of our employees needs to get a tax number. He stays with his mom who has a lease agreement, she completed the SARS form and he took her ID as well as the

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Difference between IRP5 and IRP12?

I registered for SARS eFiling this morning but online it says IRP12 n IRP6 was I on the right page? because am having IRP5 and they sent me an sms asking me t

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Tax percentage on over time

If I worked 140 hours over time at a rate of (R300 per hour) how will this be taxed? will It be added to my basic salary and then taxed as a whole or will the

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Have an IRP5 but am an independent consultant, how do I answer some questions?

I was part-time employed for 5 months of Tax year 2015, for which I have an IRP5. But I have made income elsewhere throughout the year as an independent consu

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Are my medical expenses (besides contributions to medical aid) deductible if I earn R70 000 per mont

Are my medical expenses (besides contributions to medical aid) deductible if I earn R70 000 per month Please make use of our Medical Tax Credits Calculato

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Why file a tax return?

If you advise filing a tax return why do SARS say you shouldn't? I have been told by them not to.. I make minimal money at a very part time job. I do earn int

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Medical aid supporting docs

Hi. I have claimed for medical aid contributions and excess medical expenses out of pocket. SARS is auditing me, do I have to submit the actual slips for the

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Can I add bond & registration fees to a rental

Rental - can I claim or declare bond registration fees and transfer fees on a rental Unfortunately not, these costs will be added to the base cost of the p

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Medical tax credit change upon SARS review, can you help?

I calculated that since my wife and kids were on separate medical scheme and that I was contributing towards this I would be entitled to a refund, which appea

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Copy of completed tax return

Where/how do I see a copy of my completed tax return? During the filing process you have the three options of filing manually, by SARS eFiling and via TaxT

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