Foreign employment income

  Written by Alicia   Posted 4 May 2016

Please advise the tax application on the following

1. SA residents living and working in South Africa for a overseas company. 2. Receiving a salary from the overseas company-paid in ZAR to the employees. 3. Should the foreign company deduct PAYE or should the employee be responsible for it when
submitting their Income Tax in SA.

Changing of banking details-SARS Tax practitioners unit

  Written by Alicia   Posted 4 May 2016

I want to change a clients banking details at a SARS tax practitioners unit. I understand that only the tax practitioner himself can change the banking details of a client on behalf of the client with a letter of power of attorney. I want to know whether an employee of the tax practitioner, with a mandate to act on behalf of the tax practitioner, can change the banking details of a client if the client himself also attends the SARS appointment with the employee of the tax practitioner?

Tax due on ccma award

  Written by Alicia   Posted 4 May 2016

Hi there I am due to receive R97000 from my ex employer for unfair dismissal was awarded from the CCMA how much tax would one pay on this amount thank you in advance.

Taxation Rate of Retirement Benefit Lump Sum

  Written by Alicia   Posted 4 May 2016

At the age of 58 - if I retire from a provident preservation fund and receive the benefit as a lump sum - at what rate will I be taxed?

Over-taxed on pre-retirement preservation fund withdrawal

  Written by Nicci   Posted 4 May 2016

I started working in Jan 2012 for company. In Dec 2014 I was retrenched and paid a severance package. I preserved my provident fund contributions in a preservation fund and haven't touched it since(about R100k). I started working for company Y in Apr 2015 and ended my employment with them on 31 Jan 2016. I again preserved my pension fund contributions in a pension preservation fund (about R35k). In March 2016 I ran into some financial trouble and decided to withdraw the entire pension preservati...

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Earn a salary in the UK and will be moving to SA permanently

  Written by Nicci   Posted 4 May 2016

We are a couple who recently moved to Cape Town from the UK. I am a South African and my wife is Swedish. She is here on a temporary residency visa. We both draw directors salaries from our company in the UK. My wife also works remotely for a company in the UK. We do as yet not have employment in South Africa but have some money invested here. Would taxtim be able to assist us considering that our circumstances aren't all that regular?

Is SARS open on weekends?

  Written by Nicci   Posted 4 May 2016

I need to go to SARS and get my Tax number so I was wondering if they open on Saturdays

Club membership costs tax deductible?

  Written by Nicci   Posted 4 May 2016

As a director of a company can I claim golf or boating membership fees as a tax deduction?

Are you able to submit my tax returns even if I was using another accountant?

  Written by Nicci   Posted 4 May 2016

I was using an accountant from my prevous employer. He was fired a few years back and I can't get hold of him so I can't file for my tax returns because he had all my details. Is it possible to get the details so that I can file for tax returns. He used to do it for me but I have lost contact and the company can't help me get his details. I also want to change my banking details.

Delay of payment of tax refund for 2015

  Written by Nicci   Posted 4 May 2016

I submitted my tax return to SARS via SARS eFiling for 2015 on time. The Tax Calculator indicated that the amount of R7584. 18 was due to me. This was confirmed by the SARS Notice of Assessment dated 2 February 2016. I quote from the correspondence as part of the Notice of Assessment: Your assessment has been concluded and reflects an amount refundable to you of R -7584. 18. Please note that this amount only reflects your income tax assessment and does not reflect tax payable under any previous assessment or any other balances on your account. The current balance on your assessed account is R -7729. 80. ((I am unsure of the full meaning of this))...

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PAYE unaccounted for

  Written by Alicia   Posted 3 May 2016

I've been working for a company for the past 2 and a half years. I've been paid a monthly salary of R6500 before deductions. I was recently asked by our company's HR assistant, for my tax number. I was under the impression that I'd already been registered - on my payslip it states that I've been paying R45 tax. I contacted SARS gave in my details and they informed me that I wasn't registered. I've asked the HR assistant what the PAYE was and she mentioned it was R7000. I'm just really concerned ...

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Tax on a donation between brothers

  Written by Alicia   Posted 3 May 2016

My brother owns half of a property and myself the other half. My brother lives in Australia, and want to donate his part of the property to me, as he is a citizen in Australia now. Must he declare the donation to Australian revenue service or by SARS?
Will SARS charge me donation tax or how will it work?

How much will my tax refund be?

  Written by Alicia   Posted 3 May 2016

Joe turned 65 in June 2015. He earned R240 000. 00 during tax year, and there was no other deductions from salary. He contributed R6 000. 00 during the year to private medical aid. And R30 000. 00 of other medical expenses. What is the amount he can claim on his tax return.?

Can I claim for my own training costs?

  Written by Nicci   Posted 2 May 2016

If I was un-employed for a specific tax year, and attended various technical courses, at approved Training Centres affiliated with Merseta, for artisan courses, can I claim a certain percentage for the costs of these training courses?
That is to say, I paid for these courses, and invested with my own money?

How to treat NHS contributions made in UK on my SA tax return

  Written by Nicci   Posted 2 May 2016

I was employed in the UK for 3 months during the 2016 tax year and had to tax return to SA for personal reasons. I do meet the physical presence tests for purposes of being taxed in SA on my income received in the UK. But, my question is whether I can take the NHS contributions made in the UK as an additional foreign tax credit against my taxable income when doing my 2016 SARS tax return? Both tax and NHS amounts were deducted from my UK salary but I haven't been able to claim back anything from...

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Tax on initial lump sum payment upon early retirement

  Written by Nicci   Posted 2 May 2016

How much of R220 000. 00 is paid as lump sum on retirement at the age of 55?
Is the lump sum tax deductable?

Does SARS pay interest on refunds due?

  Written by Nicci   Posted 2 May 2016

Interest payable on refunds:

I objected against admin penalties incorrectly charged and I am due a refund of R18,000
I objected against a incorrect tax assessment medical expenses not allowed refund of R9,261
I overpaid assessed tax by R7,000

Will SARS pay interest on these amounts owing to me? The admin penalties was initially taken from a refund due to me so they had already been paid.

deductions on salary increase

  Written by Alicia   Posted 29 April 2016

My company would like to offer me an increase. I have the choice of a straight bump-up or I can choose if there are specific benefits I would like that will have a benefit for me (additional money in pocket) and that will be beneficial for them (perhaps less tax they need to pay). I earn a straight salary without any travel allowance or any other benefits that is deducted. Please advise on what would be the best for me and for them?

Can I file a tax return before the tax season starts?

  Written by Alicia   Posted 29 April 2016

I am foreigner and have been working in SA since Dec 2014. My contract will be ended in the end of May 2016 and I will be leaving SA. Can I file tax return before I leave for tax year 2016 and 2017? Is e-filling still accessible after I leave the country?

Does my employer have my tax number?

  Written by Alicia   Posted 29 April 2016

How do I know if I'm registered for tax at the company I work for?

Tax on a sole proprietor

  Written by Alicia   Posted 29 April 2016

I have just opened a sole proprietor in my name. My questions is probably one of the most common ones but I would love to receive a clear answer. I would like to know:
~How much Tax would I pay on my sole proprietor income?
~Is it Tier related?
~Or is it the same Tax doesn't matter how little or much my sole proprietor earns?
~Can I claim this tax back?
~And final question How does my own income apart from the sole proprietor effect the taxes?

Independant Contractor - deductions

  Written by Alicia   Posted 28 April 2016

Can I, as an independant contractor, pay my unemployed spouse a minimum wage salary and deduct this from my monthly taxable income? I do have a payrol service provider and get issued a payslip with my income, travel allowence, UIF, medical aid and Tax after the deductions from them on a monthly basis.

PAYE on retrenchment package

  Written by Alicia   Posted 28 April 2016

Which percentage l am getting a package of gross 79383.61 rand after retrenched please help me.

Supporting documents for capital gains tax deduction

  Written by Alicia   Posted 28 April 2016

I have sold my primary residence which was bought in 2002 and there will be a profit of more than
R2 000 000 subjected to Capital Gains Tax. There were a few small improvements (not maintenance) done over the years which I believe can be included in the base cost for example Paving, Blinds, Towel and curtain rails, cornices and garden landscaping. However, I do not have documentary proof for some of the older improvements anymore. (Improvements still form part of property)
My question...

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Turn over tax compared to small business tax

  Written by Alicia   Posted 28 April 2016

If my company was registered for turnover tax and it makes R500 001. I would be taxed R1650 2% of taxable turnover above 500 000. Am I correct in saying as a small business the company tax would be 20 300 21% of taxable income above 365 000? if not registered for turnover tax. Would the tax I pay be on the profit, if I made for example R 80 000 for the year? would it be 7% as per below?

Taxable Income (R) Rate of Tax (R)
0 - 75 000 0% of taxable income...

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