Do I need to complete an IRP6?

  Written by Marc   Posted 26 February 2016

You sent me a reminder to file my IRP6 Provisional Tax Return for 2016 however, I'm not sure whether I am still a Provisional Tax payer?

I did freelance work until Feb 2015, and from March 2016 I've been employed, paying PAYE through my employer. I haven't earned any additional income. Do I still need to complete an IRP6 as a Provisional Tax payer?

Freelance work while paying PAYE

  Written by Marc   Posted 26 February 2016

I currently earn a salary and pay PAYE tax. I also take on occasional freelance work which isn't consistent amounts. What's the best way to be tax compliant?

Can invoicing several clients constitute a salary and not trade?

  Written by Marc   Posted 26 February 2016

I privately tutor pupils at their homes and invoice several clients for this service. One of them pays me a monthly salary (but pays nothing to SARS) based on monthly invoices and the rest I invoice by the hour. Can I declare all of this as a single salary and pay it with my ITR12 or do I need to register as a provisional taxpayer?

I changed from being employed (normal IRP5 scenario) to self-employed during the last financial year so I am not yet registered for provisional tax

PAYE refund

  Written by Nicci   Posted 25 February 2016

Do I qualify to get tax return money back if I was paying PAYE since 1 May 2015,and my basic salary was R5,000 per monthly till 26/02/2016

Business runs at a loss - do I need to submit provisional tax return?

  Written by Nicci   Posted 25 February 2016

Another question - what if the business has run at a loss? It's a medical practice, and turns out many of my claims will only be processed in March 2016 i.e Next tax year. That means my total income for the business so far has been R30 000, with expenses totalling R50 000. Surely I don't have to submit a provisional tax return?

Close Corporation Tax Returns

  Written by Nicci   Posted 25 February 2016

Do you help with very small close corporations as well? (Turnover ZAR 100. 000)

Foreign Employer doesn't pay UIF or PAYE for me

  Written by Nicci   Posted 25 February 2016

I am employed by a company outside South Africa and receive my gross salary monthly on which I then need to pay PAYE. My question however relates to UIF. In this set up where the employer does not pay South African taxes, what needs to be done from my perspective in terms of UIF? Do I pay this myself? If so, what percentage - i.e : the 1% normal, or 2% total?

Provisional Tax Form - where to reflect Employees Tax

  Written by Nicci   Posted 25 February 2016

I receive a monthly amount from an Annuity Policy - this is taxed at source. Where in the Provisional Tax Form do I enter the tax paid? I see that previously my accountant entered the tax portion under: LESS: EMPLOYEES TAX PAID FOR THIS PERIOD. I do not see this option in the Provisional Tax Form. Could you please indicate where I find this?

Company Registration on SARS eFiling

  Written by Nicci   Posted 25 February 2016

How do we know that our company is registered with SARS e-filling,cause we have a login password and password name and we use it to the mobile app it doesn't want to login.

2016 Budget Speech: Welcome Back, Minister! You Couldn't Have Returned Just for the Free Lunch?

  Written by Vee   Posted 25 February 2016

The 24th of February 2016 was supposed to be a watershed moment for the Economy of South Africa. The old-new Minister of Finance, Pravin Gordhan, was to deliver his budget for the 2016/2017 tax year and save South Africa from a financial pit-fall in the form of an International Ratings Agency downgrade. The jury is still out on whether or not this is possible. Immediately after the budget was revealed the Rand tumbled 2%, which doesn’t bode well for market sentiment. However, ...

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UIF for Commission Earner

  Written by Nicci   Posted 25 February 2016

On my monthly pay slip it states I only pay tax and not UIF as I earn only on commission. It that right though? I earn between R10 000 and R12 000, it's different every month and what is the tax % for that bracket?

Medical expenses but no Medical insurance

  Written by Marc   Posted 25 February 2016

If you are self employed and do not pay for medical insurance and pay out of pocket for all medical expenses can you still deduct these?

Can I deducted 2 years from my CGT.

  Written by Marc   Posted 25 February 2016

We just sold a flat that we owned for 10 years. We lived in it for 2 years but we've been letting it for the last 5 years. Do I need to pay CGT of the full 10 years of can I deduct some amount for tee 2 years that we lived in it and it was our primary residence?

Is there any capital gains tax reduction if I resided in the property for part of the time owned

  Written by Marc   Posted 25 February 2016

This year, 2016, I sold a flat which I bought at the end of 2011 and took transfer in February 2012. The flat was my permanent residence for 1 year. Will there be any reduction on capital gains tax as I was resident in the flat for 1 of the 4 years that I have owned it?

Why am I taxed twice in a month?

  Written by Marc   Posted 25 February 2016

My salary is divided into 2 payments per like I get my standard pay on the 15th of each month then all my allowances they follow on the 25th. So my question is why am I taxed twice in a month and why is the second tax deduction high than the deduction on the 15th?

Can I claim back my tax?

  Written by Marc   Posted 25 February 2016

I earn less than R180 000 per annum. I only just entered the work force, and taxes still confuse me. I'm an independent contractor (but get set salary each month), and therefore I pay 25% tax. However, our accountant assured me I can reclaim all the tax I paid. Granted, last yr I earned only R74 000, paying 25% tax, and I know I can reclaim that. Basically, will I be able to reclaim the tax I am paying this year, and what is the maximum annual income for which you can still reclaim your tax?

Tax deduction on provident fund

  Written by Nicci   Posted 25 February 2016

What will my payout be on the following for my provident fund when I resign. I am not retirement age yet ( 52 years old ). On resignation from the SATU provident fund you are taxed on the full employer share and interest earned on the member share. (not on the member contributions)
My member contributions amounted to R170,585. 44. My current statement shows member and Employer share:

Member share Employer share Total share
R706,779. 50 R689,136....

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Can you apply for a deferrment or make a payment plan with SARS for provisional tax.

  Written by Marc   Posted 25 February 2016

Payment plan or deferment for Provisional Tax payers

% take from tax

  Written by Marc   Posted 25 February 2016

Im getting divorce, and claim 50% of my husband pension, it is in a provident fund, how much did SARS take from R140 000, please?

Dividend Tax

  Written by Marc   Posted 25 February 2016

Is dividend tax deductible from normal tax payable for Micro Business exceeding the R200 000 dividends tax exemption threshold?

What are acceptable write off periods for depreciation?

  Written by Nicci   Posted 25 February 2016

In addition to my previous question, the "Schedule of Write-off Periods Acceptable to SARS" (provided by SARS) - does that apply to Depreciation and/or Wear and Tear?

Can I not decide on a set period for all my assets and write off depreciation and wear and tear at that same rate? Example: @ 25%

Donations tax on member's interest

  Written by Nicci   Posted 25 February 2016

Must I pay donations tax if I donate 49% of my members interest in a CC?

Is interest income taxable?

  Written by Nicci   Posted 25 February 2016



I have a money market account. Is the interest taxable?

Tax on retirement lump sum

  Written by Nicci   Posted 25 February 2016

Why deduct R130,000 36 % on retirement savings that exceed R1,050,000?

Do I need to declare gift?

  Written by Nicci   Posted 25 February 2016

I received (from a family friend in South Africa about R120 000 as a gift over a period of a year to help me pay back a loan. I had not been working for a few years so did not submit tax returns. Did I have to declare the amount to the receiver?
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