Tax Q&A

Do fully vested trusts have to submit provisional tax returns?

A trust is registered as a provisional taxpayer. All the income in the trust vests fully in the beneficiaries meaning that no income is retained in the trust.

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Pay income tax

I pay tax from my salary, that's what it says on my payslip, do I further need to pay income tax this year if I only started worked under 6 months and earned

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Medical not included in salary

For the last few years my employer didn't include their portion of my medical in my deductible salary, so there was no PAYE paid on it. I did receive my annua

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What supporting documentation is required for source code 4027?

I have been requested to submit to SARS A4 copies of the relevant material in support of the following declarations:For source code 4027, depreciation of R6,2

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How do I treat travel costs that are reimbursed to me after I have paid for them?

I am a consultant who travels. My company then reimburses me for my travel costs. How do I treat this in my tax return? What source code appears on your IR

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Reclaim attorney costs

Good dayI want to find out, I've bought a flat and it was registered in March 2015 on my name. Can I reclaim the attorney fees and where I complete it on the

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Amending your tax return after submission

I'm a first time tax payer. I only completed my tax return for the first time this year. I used e-Filing and already submitted my tax return, and received the

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Registering for a tax number

Do I have to register for a tax number if I earn R2970 pm? You should have a tax number if you are employed.

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Duplicate expenditure for both employment and freelance monies earned

I am permanently employed and work from home. I also have a freelance business that I run after business hours, using the same equipment (laptop, printer, off

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How can my payment be audit twice.

I submitted my tax return via SARS eFiling on the 1st of July 2015. I was not selected to be audited. I did not get my refund as usual. When I contacted SARS

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Tax Certifcates

Hi - what happens is I cannot find my tax cerficates if you are unable to find any documents requested by SARS and cannot obtain them from your previous em

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Where do I declare the bond amount on rental income?

I'm stuck in the section where I declare the rental income for a house I was renting out. I don't see where I put total I spent on the bond to justify that it

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Travel Allowance & Company Provided Vehicle

Please advise if you are able to claim if you receive a travel allowance and use a company provided vehicle during the day to visit clients? Yes, you can,

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Domestic taxes?

Hi, my Domestic worker has been coming in every day, but for two weeks now she has been refusing to do the washing and ironing, she only tidies the bedrooms a

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What examples of income which falls under IRP5 code 3602

Examples of income of a that can be classified under IRP5 code 3602 Examples include:â%u2013« Non-taxable pension paid on a regular basis (e.g. war pension

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Can you claim any expenses against income code 3714

Can you claim against income code 3714 This is a non-taxable code so you are not taxed on the amount so there is nothing to claim against.

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Sole prop tax directive

Hello there I need to get a tax directive for a sole prop You would apply for a tax directive for yourself - you need to complete a IT3 and apply to SARS.

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Claiming medical expense not covered by medical aid

My partner has no medical aid & is a full dependent of myself. A) How do I claim her medical expenses? B) How do I claim medical expenses not covered by my med

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Tax on foreign money

If a SA resident invested money overseas and want to bring some of that now back to SA to live off as he is retiring, what will the tax implications be? Th

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What is tax return?

What is tax return? and how do I benefit if am paying tax Please read our blog on Returns, Rebates and RefundsEveryone has to pay tax if they are earning a

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How to fully claim against code 3703

How does the IRP5 code 3703 work in conjunction with the 8000km per year travel limit Your company can reimburse you for business travel using the SARS ap

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If one is not employed but gets donations for their upkeep, are they liable for tax?

If one is not employed but gets donations for their upkeep, are they liable for tax? If you are financially dependent on someone, the money you receive wou

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Do students need tax numbers?

I am a 18 student. I've just matriculated and I'm planning to do casual work over the holidays. I was told I have to have a tax number on my CV in order to ge

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Would I have to register as a provisional tax payer?

I was a permanent employee at a company for the first 6 months of the tax year. I have gone freelance for the remainder of the tax year and the foreseeable fu

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Tax on pension at 53 years old.

I am 53 years old. I will be resigning at the end of January, and I will still be 53 years old. My pension is 1. 1 million rand. What will I clear after tax,

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