Is there a penalty when SARS is late in payment to a taxpayer?

  Written by Marc   Posted 13 January 2016

Hi there,
Is there a penalty when SARS is late in payment to a taxpayer? If so, what is the penalty. Hopefully this works both ways. I'm eager to know. It would be much appreciated. Kind regards

Paying tax on money received as a gift

  Written by Nicci   Posted 13 January 2016

My sister is sending me money from the uk to me here in SA. It works out about R72,000
Do I have to pay tax on this amount and, if so. how much?

PAYE vs tax directive earning the same amount?

  Written by Nicci   Posted 13 January 2016

Hi, I am currently earning R10 000 as a basic salary and get taxed according to a PAYE scale. I am moving to a commission based structure where I assume I will earn approximately R120 000 over the year. How much should my employer tax me each month?

Site allowance claim

  Written by Marc   Posted 13 January 2016

i work in construction and stay out for long periods. My company pays me a site allowance(shown on payslip)
i use this for rent food and travel. Can I claim back?

Are pension contributions deductible even if it doesn't apear on the IRP5?

  Written by Nicci   Posted 13 January 2016

Am I able to claim my pension contribution if it doesn't appear on my IRP5 for the 2014 and 2015 tax years?

How do I get my IT 150 form online? I just want to check when I registered for income tax.

  Written by Marc   Posted 12 January 2016

How do I get my IT 150 form online? I just want to check when I registered for income tax. I am registered for SARS eFiling. Thank you

Commission earner

  Written by Nicci   Posted 12 January 2016

What expenses can a commissioner earner claim (he is office based but does travel to clients using his own car and petrol. No refundable expenses)

Freelance work.

  Written by Marc   Posted 12 January 2016

I am considering freelancing for a UK based company. I need to know how I would go about informing SARS etc. What are the laws regarding this situation?

Lotto winnings vs taxable ?

  Written by Nicci   Posted 12 January 2016

In 2012 the Min Fin announced the lotto winning excess of 25000 is taxable. On enquiry I was told the this was not promulgated yet so as of today lotto winnings is not taxable? is this true and if not, how do I pay the taxes and how much?

Auditing

  Written by Nicci   Posted 12 January 2016

Can I phone SARS to find out how far they are with auditing for someone else?

How to get a IRP5 if employer have closed and SARS have do not have one?

  Written by Marc   Posted 12 January 2016

SARS requested my 2012 tax return and on eFiling no IRP5 for this period have been uploaded. I have lost my IRP5 received and the employer at that time have closed and I do not know how I can get the IRP5. What should I do?

Allowable deductions from rental income

  Written by Marc   Posted 12 January 2016

I did some renovations to a rental property between tenants. I replaced the carpet with tiles, replaced all the kitchen cupboards and the oven, and repainted. All of these renovations were specified in my rental contract with the new tenant - she viewed the unit before the renovations, and we agreed that they would be carried out before she took occupation. Which costs can I deduct as expenses in the production of the rental, or must I add all of the costs to the base cost of the property for pu...

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What deductions can I claim?

  Written by Marc   Posted 12 January 2016

I am an employee earning R4100 a month, that is less than R50,000 per annum, do I need to pay tax? If no, what happen to the company that deduct tax to the employees? What must I do to get that money back?

Independent consultant tax submission

  Written by Marc   Posted 12 January 2016

I'm starting to do consulting on an adhoc basis and would therefore not be issued any tax related documents from my clients. How do I go about handling my tax? Is there a percentage I need to keep aside for SARS? please help me with where to start.

New business provisional tax

  Written by Nicci   Posted 12 January 2016

I registered a new private company in late September 2015 and would like to confirm by what date the first provisional tax return must be submitted. The company's financial year end is February. On the Notice of Registration with SARS, it states that the company is required to make provisional tax payments as from the 2017 tax period and that the date of liability for provisional tax is 2016/03. Many thanks

Turnover Tax Year of assesment

  Written by Nicci   Posted 11 January 2016

To Complete the TT02 Turn Over Tax form before 28/29 Feb 2016, is this for the 2015 or 2016 tax year?

The TT02 from on the SARS Website still has the 2015 Tax Table in.

A transfer from a Practitioner to a taxpayer has been authorised what happens next?

  Written by Nicci   Posted 11 January 2016

I need to transfer a tax return from a Practitioner to the taxpayer. Authorisation has been given. Must I register the taxpayer again?
I am a senior citizen and need help. Thanks

Year end

  Written by Nicci   Posted 11 January 2016

If a company has a February year end, when is the tax return (IT14) due to SARS?

How do I claim my Uber rides as a business expense?

  Written by Marc   Posted 11 January 2016

How do I claim my Uber rides as a business expense?

What should I do with a message stating that SARS is compensating me?

  Written by Marc   Posted 11 January 2016

I received a message stating that SARS is compensating me with a certain amount from Annual Tax Returned service 2016, with a ref no. What should I do next?

Question which relates to tax deductions on pensions

  Written by Marc   Posted 11 January 2016

Please understand, that I know very little about tax !! Infact, I leave it to the experts. Your wesbite is very informative, allow me to thank you. However, I need to clarify the tax deductable when a person withdraws their pension fund before retirement. Its very straightforward on you webpage, however, it does not make provision for the tax % a citizen will pay / should pay, it assumes that we all pay the same % tax. So if a layman has R100k in their pension fund, and so does the CEO of a big ...

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How much tax do I pay on a quarterly performance bonus of R40 000.00 with a my salary being R23 000.

  Written by Marc   Posted 11 January 2016

How much tax do I pay on a quarterly performance bonus of R40 000. 00 with a my salary being R23 000. 00

Property sale issue

  Written by Marc   Posted 11 January 2016

I'm selling a property of mine - it's my primary residence. The sale agreement will have the buyer settle the amount with me in monthly installments. Will this cause a problem with my tax return in terms of capital gains etc? Or would the end result be the same as if the buyer had paid me a lump sum?

How much tax should I pay on my second commission-based income?

  Written by Marc   Posted 11 January 2016

I currently have two jobs. One as a teacher at a private school and one as a teacher in a township. At school I get a fixed salary and at the township I am paid according to the amount of hours worked per month. I am totally confused on how to work out my tax. Will I fall in another bracket by adding my "commission hours" or will they calculate it separately? Another thing I want to know is if I can have a logbook for petrol for the teaching in the township? The company who employed me at the to...

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Would I have to submit income tax if I earn R10500 a month

  Written by Marc   Posted 11 January 2016

Would I have to submit income tax if I earn R10500 a month
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