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.

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?

Tax liability for an Independent Contractor

  Written by Alicia   Posted 25 April 2016

My son started as a independent contractor March 2015 and has not paid tax. He earned R10k for 2 months and R5k for the rest of the year. He got paid a lump sum of R80k when the job was done. He is going to SARS but what tax or penalties can he expect

May a sole proprietor have travel allowance and must retirement or providend fund be deducted monthl

  Written by Alicia   Posted 21 April 2016

I would like to know if a sole proprietor may allocate a travel allowance to himself?

In regards to a retirement or provident fund may I do payment once a year up to 27. 5% of my earnings or must I do it monthly?

Your help will be greatly appreciated

WS

filing season dates

  Written by Alicia   Posted 20 April 2016

When is the first tax return date and when is the closing date?

Tax paying Freelance Artist / Independent Contractor

  Written by Alicia   Posted 20 April 2016

I am a freelance artist, I want to work fulltime for myself, but can't be certain how much I will make or whether I would make any money at all. I am married in community of property. My husband is lucky enough to have an employer that takes care of his submission every year. I need to ask whether I should add my income to his submission or whether I should have my own tax number. I tried to enlighten myself by reading the Tax website,, but it's all greek to me, I can't seem to figure it out. I ...

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How is online income in foreign currencies taxed locally?

  Written by Alicia   Posted 19 April 2016

Hi. I'd like to know how online generated income is taxed. I am a South African resident currently in the process of generating income in foreign currencies ( US dollar and the Euro). I do not want to break any tax laws, please assist me.

Tax returns

  Written by Alicia   Posted 15 April 2016

When can I submit my tax returns for the year 2015/2016?

Does a sole trader require signed financial statements?

  Written by Nicci   Posted 14 April 2016

Does a sole trader who is registered for provisional tax need to have annual financials done?

Tax payable on buy to let property

  Written by Nicci   Posted 11 April 2016

I have invested in 4 properties to rent out to provide me with income. The total income I am recieving each month is R 18 000. I am 60 years old and have no other income. The properties are all in my name. How much tax will be payable on this monthly amount considering that this is my primary income.

The Smart Way to Save Tax when Renting out a Property

  Written by Marc   Posted 8 April 2016

Taxpayers who earn rental income from a second property of theirs often don’t know what they need to do when it comes to declaring this income to SARS. Sometimes taxpayers think that they don’t have to declare this extra income, or can hide it from SARS by not entering it on their tax return form - a big mistake!

The truth is that extra income earned from rental is taxable, and SARS needs to know about it. In some cases - if the amount earned (profit) outside of a sala...

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How do I de-register for Provisional tax?

  Written by Nicci   Posted 6 April 2016

I am a registered provisional taxpayer from when I earned other income than my salary. I now only have a salary income. Nothing else. How do I deregister for provisional tax purposes?

Tax when working for different employers / independent contractor

  Written by Alicia   Posted 6 April 2016

I am about to start 2 different half day jobs. In the morning I work for an organisation and in the afternoon I work for an individual. Should I expect the individual I work for to deduct PAYE or should I put it the PAYE amount away and pay it as personal income tax?

How do I claim Withholding Tax back?

  Written by Nicci   Posted 5 April 2016

Hi, we get charged withholding tax from Botswana. We have the withholding tax certificates issued from BURS Botswana Unified Revenue Service, but how or where do we claim this back on our IRP6 form.

Must commission earners register for provisional tax?

  Written by Nicci   Posted 5 April 2016

Hi Tim,
I earn a basic salary and a commission. The total commission earned is more than 50% of my total earnings. Do I need to register for provisional tax?

Submission of late Provisional Tax returns

  Written by Nicci   Posted 5 April 2016

I received rental income in 2016 tax year, but didn't pay provisional tax. On my ITA34 I am not registered for Provisional tax, but on my SOA, requested one day later, it states that I am registered for Provisional Tax. What are my options now in order to pay the minimal penalties/interest? Do I rather not submit the late IPR6 tax returns and only specify the rental income when I submit my next Income Tax Return?
Also, how does the fact that I am married in community of property influence ...

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Please clarify if I can get a tax directive and how they work

  Written by Nicci   Posted 4 April 2016

My estimated gross income R670 114. 00
My estimated expenditure R306 081. 00
Estimated taxable income R364 033. 00
Please show me the calculations to get a tax directive of 20%

Why aren't I getting tax rebates on all my work expenses?

  Written by Nicci   Posted 31 March 2016

I contract for a UK based company and and paid in Rands each month - a salary, and all my expenses. Currently I pay a tax person in SA to do my tax (I am paid in full and then it's my responsibility to sort my tax out), however I haven't received any rebates from SARS for 3 years despite all my expenses, including travel, office rental, parking (all business related). Wondering if you can help? Would TaxTim be able to deal with my provisional tax?

Wear and Tear claim for home office equipment for sole proprietor

  Written by Nicci   Posted 31 March 2016

Can a sole proprietor claim wear and tear on home office furniture, equipment, computers? What is the allowance?

Please explain provisional tax

  Written by Nicci   Posted 31 March 2016

I know that I have to pay personal tax 3 times a year but I don't understand for when I am paying or being calculated for.

Do I qualify for Turnover Tax?

  Written by Nicci   Posted 30 March 2016

I work as a sole proprietor in the travel industry where I earn commission. I work from home and have to look for my own business but I work through a travel agent who collects the money on my behalf and they pay over my commission monthly. Can I register for Turnover Tax? My income is below R1m per year but I am worried that I may be classified as a personal service provider as more than 80% of my income comes from one source namely the travel agent and not the individual clients.

If I am a provisional tax payer, do I still pay PAYE?

  Written by Alicia   Posted 24 March 2016

If I am a provisional tax payer, do I still pay PAYE?

Are bond initiation fees, legal fees and valuation fees deductible for tax?

  Written by Nicci   Posted 23 March 2016

Hi, I have registered as a provisional tax payer and did my tax return in August. My rental expenses (levies, interest and taxes) are greater than my rental income I earn. Do I still need to file the provisional tax payer tax return now and see if any payments are due?

I have paid for your services for my personal income tax, but haven't received any of my tax information yet (for investments, medical aid etc). Must I just wait until those all come later in the year and send them thro...

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How to calculate the IRP6 and ITR14?

  Written by Nicci   Posted 22 March 2016

My company was registered with CIPC last year in March 2015 and when I went to SARS to submit my ITR14 they say I must register online but before I submit the ITR14 I must firstly submit the IRP6. I would like to know firstly as to how do I calculate my IRP6 and when do I start to calculate since as I said my company was registered last year?

Should there be a PAYE deduction from my sole proprietor invoice?

  Written by Nicci   Posted 21 March 2016

I operate a sole proprietor providing services to various companies on an "in need" basis on short and medium tem basis. I operate at my client place of business however the latest client has started deducting PAYE from my invoice at a rate of 33. 3% although I am not on a fixed contract and will not derive more than 80% of my annual income from them. Are they entitled to do this and how do I reconcile these deductions as a provisional tax payer?
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