Written by Nicci
Posted 22 August 2025
Written by Evan
Updated 23 May 2025
Your IRP5 has two fields on it that relate to Pay Periods:
A Pay Period describes an amount of time within a year that you were employed by your employer.
This can be an amount in:
Written by Nicci
Posted 6 May 2025
The CIPC stands for the Companies and Intellectual Property Commission in South Africa.
It is a government agency under the Department of Trade, Industry and Competition (DTIC), responsible for:
Company Registration:
Registering new companies (e.g. private, public, non-profit)
Maintenance of Company Records:
Written by Nicci
Posted 5 May 2025
Written by Nicci
Posted 24 April 2025
There is a section on the ITR12 tax return that asks you to indicate any periods during the tax year when you were not working (i.e., were unemployed).
This section applies only to South African tax residents who are salaried employees and receive an IRP5.
...
Written by Alicia
Posted 24 April 2025
Written by Alicia
Posted 24 April 2025
Written by Nicci
Posted 14 April 2025
Written by Nicci
Posted 20 February 2025
I worked for an international company (UK based) during the 2024 tax year. I was a contracted employee, meaning I had to submit salary invoices. Therefore, I was advised to register as a provisional tax payer and submitted an IRP6. I worked 100% from home during this time and would like to claim a home office deduction, which was already taken into account during my IRP6 submission (audited by SARS and accepted). However, when submitting my home office deduction on Tax Tim for my IRT12, it says ...
Written by Nicci
Posted 20 February 2025
Written by Nicci
Posted 14 February 2025
Saving for retirement is one of the best financial decisions you can make, but sometimes, you may contribute more than the tax-deductible limit in a tax year. In South Africa, the tax-deductible limit for retirement contributions is 27.5% of taxable income, capped at R350,000 per year. If you contribute more than this limit, the excess amount does not provide an immediate tax benefit. However, it is not lost. Instead, these 'excess contributions' are carried forward to be used in the future, ...
Written by Marc
Updated 31 October 2024
If I earn business income as a sole proprietor for services delivered as an electronic engineer, do I need to declare all my personal assets (bank balance, investments, motor vehicle, etc.) on the Statement of Assets, or only the assets that I mainly use for business (i.e. laptop computer)? I do not have a separate business bank account. Do fixed bank deposits fall under "Financial instruments" or "Cash in Bank" or does it not really matter? For investments such as unit trusts, do I need to s...
Written by Nicci
Posted 13 September 2024
Written by Alicia
Posted 17 July 2024
Written by Alicia
Posted 13 June 2024
Written by Alicia
Posted 12 June 2024
Written by Alicia
Posted 12 June 2024
I bought furniture for R 172 000 back in 2018 for my rental property. This was bought through the developer as part of a rental pool offering. Rental pool contract stating furniture costs, e-mail clarifications and proof of payment for this is in my possession but not the actual receipts or individual pricing for the items. According to the TaxTim depreciation calculator, I can claim around R 28 600 in 2022 tax year. My question is, can I claim this with the documentation in my possession and ca...
Written by Alicia
Updated 5 June 2024
Written by Alicia
Posted 23 May 2024
I know that the interest on a bond is tax deductible in the case of an Airbnb.
I was wondering if the rental of a property is also tax deductible if you use the arbitrage Airbnb method, i.e. subletting a fixed-term rental as an Airbnb?
Another question, what if the property is not my own, I am renting it from someone and subletting it. Is the rental expense that I pay, a deductible expense of operating the Airbnb business?
I know you have tiers of packages. How much do you charge to do the income tax of individuals that include the rental income? ...
Written by Alicia
Posted 21 May 2024
Written by Alicia
Posted 21 May 2024
Written by Alicia
Posted 16 May 2024
Written by Alicia
Posted 16 May 2024
Written by Alicia
Updated 14 May 2024
Written by Alicia
Updated 14 May 2024