Do independent contractors working for US company have to pay South African tax.

  Written by Marc   Posted 25 January 2016

Awesome website you have, I currently reside in Cape Town and I am a South African resident, I recently quit my South African job in July 2015. I started working for a US company as an independent contractor as of 1 September 2015 until present. I also freelance on the side for a South African business, I work about 6-8 hours a day for the US company and on average 6 hours a week for the South African based business. I would like to know, what are the tax implications in my case for South Africa...

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Do I need to submit a tax return for my small business?

  Written by Marc   Posted 25 January 2016

I own a small business which was registered as a company in March 2015 and I'm the sole owner. I distribute online products in Johannesburg and my turnover was less than R30 000. Do I have to submit a tax return?

Tax free donations

  Written by Marc   Posted 25 January 2016

25. 01. 2016. How much money can I donate annually to individuals without myself or the recipient(s) having to pay tax on it? I am a widowed pensioner.

2007 tax claim

  Written by Marc   Posted 25 January 2016

Am I still able to claim tax for tax year in 2007 I did not claim for?

Currencies Trading Income - What Tax due

  Written by Marc   Posted 25 January 2016

If I trade forex currencies with a broker, for a income every month, what type of tax do I pay?

How do I efile previous tax years returns?

  Written by Marc   Posted 25 January 2016

I have monies owing to me by SARS. This money was not paid over due to previous years tax returns not submitted. I have received the old IRP5s from my old employer and I am trying to submit these old tax returns on eFiling. However there is no option to do this. How do I go about his?

Tax rebate

  Written by Marc   Posted 25 January 2016

I did not reconcile my 2014/2015 taxes due to misplacing of IRP5. I now have it. Can I stil reconcile? I received a backpay in Jan 2015 for backdating of promotion
the backpay was taxed quite a large percentage of it..... Will I get a tax rebate/refund?

Hw much will I pay for my tax

  Written by Marc   Posted 25 January 2016

I'm resigning as from February 2016 my contributions wit gepf is R300. 333 how much tax will I play

Contractor tax registratiom

  Written by Marc   Posted 25 January 2016

I am a contract worker at my company. And I invoice the owner for my time and then get paid as per invoice. Can you please advise how to go about registering for tax.

Confused about tax on bonus

  Written by Marc   Posted 25 January 2016

I earn 3000 per month but last year in December my boss asked me for my tax number after that I got a bonus. So what I would like to know was he gonna tax me for only that one month

Do I need to register for provisional tax due to CGT

  Written by Marc   Posted 22 January 2016

If I have a R1 000 000 capital gain, do I need to register as a provisional taxpayer and pay the capital gains tax as provisional tax?

Tax on provident fund

  Written by Marc   Posted 22 January 2016

I am emigrating overseas what would the tax be on my provident fund of - R 200,000

Tax deduction on 10.5 days

  Written by Marc   Posted 22 January 2016

What tax do I pay on 10. 5 days leave that is due to me and am resigning from the company

Unemployed tax payer-Do I inform SARS

  Written by Marc   Posted 22 January 2016

I was a 1 year contract worker and a tax payer but my contract ended and I'm nolonger working. I am still in the first month being unemployed and looking for a new permanent job. Do I need to visit a SARS branch to inform them to avoid pernalties and if yes what documents do I take along?

Ordinary taxpayer or provisional taxpayer?

  Written by Marc   Posted 22 January 2016

How do I know if I am required to be a provisional tax payer? Does it depend on your income level or is it whether you have other forms of income aside from your salary?

IS MY WAGES RIGHT

  Written by Marc   Posted 21 January 2016

If I get R1250 AND WITH OVERTIME R1770 PER WEEK IS IT POSSIBLE THAT MY WAGES IS R1239. 43 WHEN DEDUCTING MY PAYE

Arbitration Award Taxation R100,000

  Written by Marc   Posted 21 January 2016

Arbitration Award of R100000, HOW MUCH MUST I BE TAXED?

Work in SA for UK company.

  Written by Marc   Posted 21 January 2016

I'm a South African resident. I have a prospective job offer from a company in the UK. I will remain living in SA and work for them remotely. How does the tax work if I am to be paid in Pounds? Do I get taxed in the UK and in SA?

The offer on the table at the moment is between £30k - £38k PA.

How do you know I am still under audit after ITSA was issued?

  Written by Marc   Posted 21 January 2016

I opened my SARS eFiling and saw that a ITSA was issued 2 days ago, stating that SARS owe me an specific amount. I knew I was under audit, and all relevant documents for the audit was submitted 2 months ago, does this mean I passed the audit, or how do I know I`m still under audit?

On a leave payout of R9692,29 how much tax is to be deducted?

  Written by Marc   Posted 21 January 2016

My employer has decided to pay for my leave as I have resigned and the leave amount is R9692,29, how much tax is going to be decided on this amount?

How to calculate tax on bonus

  Written by Marc   Posted 21 January 2016

How is tax on bonus calculated?

No reply from SARS

  Written by Marc   Posted 21 January 2016

I still have not received feedback from SARS on my tax returns. Please follow up.

Interest free loan from parents

  Written by Marc   Posted 21 January 2016

My parents are lending me R500k to assist in purchasing my first apartment. This is an interest free loan and we have a loan agreement that specifies that I have a set minimum amount that I have to pay on a monthly basis (therefore I would not deem this a donation). There is however no set period for the loan as I may be able to pay more than the minimum amount. The loan agreement has been vetted by a lawyer. My folks are over the age of 65 and the money will be deposited straight into the attor...

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Detail required on tax payable on property donation

  Written by Marc   Posted 21 January 2016

My father has an un-bonded property (house) which he wants to donate to me (his son). 20% tax is payable on the value. When and by which individual is this payable? How is the property valuated, and by whom?

Living Abroad - nil return

  Written by Marc   Posted 21 January 2016

I have been working abroad for 2/3years in April, and was unaware I had to submit a nil tax return to SARS. I logged on and received a notice dated (current date - day of login)
Could you please confirm, I am not a provisional tax payer - do I have to file a nil tax return if no income in RSA
Also, what are the penalties for a late submisison of tax return (zero to pay)
How long to I continue to submit nil tax returns, or can you de-register?
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