Am I required to file an annual tax return if my employer pays monthly tax on my behalf to SARS?

  Written by Marc   Posted 13 December 2014

I have recently started working and I have learnt that my company pays the tax owed by me on a monthly basis.

Due to them paying tax on my behalf am I still required to submit an annual income tax return?

Need a tax number for a learnership?

  Written by Marc   Posted 12 December 2014

How do I get a tax number if I am currently studying?

Confusing situation with SARS calcs methodology

  Written by Marc   Posted 11 December 2014

SARS - Why is an "original assessment" ITA34, positive amount, taken into consideration in the final SOA, even though a final "after a correction" ITR12 submission calculated to a negative reduced amount?What is the use of requesting and allowing a "request for correction" then in the first place?Shouldn't the final submitted ITR12 negative result (after corrections) be the only assessment that counts and be taken into account in calculations of your final SOA...

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tax on a 13th Cheque of R13 845.00

  Written by Marc   Posted 10 December 2014

I earn a basic of R13845.00 what will my tax deduction for a 13th Cheque

How do I calculate PAYE on yearly bonuses?

  Written by Marc   Posted 10 December 2014

How do I calculate PAYE on yearly bonuses?

I owe SARS - but being audited - when to pay?

  Written by Marc   Posted 9 December 2014

The result of my assessment shows that I owe SARS money. They have selected me for an audit / verification. I have submitted the supporting documents manually to a SARS branch. SARS could take 90 days to conduct the verification process. Should I pay SARS now, or wait and see what the result of their audit is, and only pay when they get back to me, i.e. maybe in 3 months time.

When do you deduct penalties - before or after PAYE?

  Written by Marc   Posted 8 December 2014

Hi. I am a freelance writer. 25% PAYE is deducted from each episode as we submitted. In our contracts, it states that if we miss our deadlines, a fee will be deducted. I have since realised that the accounts department minuses the 25 % PAYE from the gross, then minuses the penalty. Shouldn't it be that they deduct the penalty from the episode fee, then deduct 25%?

Do I have to pay tax on a monthly salary below R20833.00

  Written by Marc   Posted 7 December 2014

Anybody earning less than R250000.00 per annum don't have to submit tax returns according to media reports, that is equal to R20833.00 per month. Does that mean if your monthly salary is below R20833.00 no tax should be deducted monthly?

Tax directive for over 79 - part-time work (temporary)

  Written by Marc   Posted 7 December 2014

I am retired person age 79 being paid a SASSA Social pension of R1370 per month. I want to do a part time work in the complex I live in and wish to reactivate my SARS tax reference number an I will be earning a commission of doing some administrative work for the complex owners. Depends on the number of tenants I find and also promoting their holiday letting the earnings may be up to R4000 per month max in peak period.What tax must I pay and what is the tax directive required for a person at age...

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Hi how do I Declare rental income on my tax form?

  Written by Marc   Posted 5 December 2014

How do I declare rental income on my tax form? If my rental income is less than my bond, municipal and levy costs do I have to declare as I am at a loss?

IT34 account balance and due date ?

  Written by Marc   Posted 4 December 2014

Hi Tim, on my IT34 ist states:"Thank you for submitting your income tax return for the 2014 year of assessment. Your assessment has been concluded and reflects an amount refundable to you of R -14206.18"and then Due Date 2015-01-012nd Date 2015-01-31. I understand that is most probably a refund from SARS, but then they state they want to do a further assessment. What is the normal turn around time for this? Can I expect my refund before 2015-01-31?

Death and tax years applied

  Written by Marc   Posted 4 December 2014

If a client/tax payer dies in one tax year but the claim only occurs in another tax year, what transaction year, year of assessment and period of reconciliation do you apply? Will it be the tax year the client died, or the year the claim took place?

Can I claim medical expenses as a dependant on my husband's medical aid?

  Written by Marc   Posted 3 December 2014

I'm a new provisional taxpayer. Our private medical aid is in my husband's name. Can I claim anything for my medical expenses not covered by medical aid?

Can my employer get my tax number or should I?

  Written by Marc   Posted 3 December 2014

I just completed my studies and I am going to start working at quite a large company next month (January 2014). Should I get my tax number myself or will they be able to do it?

Tax on stipend?

  Written by Marc   Posted 3 December 2014

If I earn a stipend of R3 390 a month do I pay income tax?

Penalty for late submission to SARS?

  Written by Marc   Posted 3 December 2014

I submitted my tax return for the 2014 period right on the deadline date. However my 2012 return was not submitted, I finally managed to get the IRP5 and did the submission. In both returns I have a quite high refunds, I was wondering if SARS will penalise me for late submission? Or will they penalise me for the 2012 return only. Last year I was due a refund and they paid it out without any problems.

Do you pay tax on cash back from loyalty programs

  Written by Marc   Posted 3 December 2014

I work as a sole proprietor, I belong to discovery and get a cash back bonus every month, do I need to treat this as income and pay tax on it?

What are the requirements to claim back PAYE when working outside the country (SA)

  Written by Marc   Posted 3 December 2014

What are the qualifications if working outside SA to claim back your PAYE?

Can a new taxpayer claim refunds for last five years?

  Written by Marc   Posted 2 December 2014

My wife did not register as a taxpayer previously because she was told she earns a salary below the taxpayer threshold. She now intends registering as a taxpayer. Can she file returns for the last five years since she has incurred medical expenses on her own medical aid amounting to R50000 which was never recovered from the medical aid. Will she receive a tax refund for her medical expenses for the last five years?

Cruise Ship Work?

  Written by Marc   Posted 2 December 2014

I work on a cruise ship and get paid in US Dollars. I am only in south africa probably 8-10 weeks a year. Do I have to declare that foreign income and pay tax on it? also if I want to buy property here how will that impact me on a taxation basis?

PAYE on December bonus

  Written by Marc   Posted 2 December 2014

How do you work out the Tax Paye on your December bonus?

Is profit from offshore currency trading taxable in South Africa?

  Written by Marc   Posted 2 December 2014

Is profit made from currency trading offshore taxable in South Africa?

Have car allowance but using car that is not registered in my name?

  Written by Marc   Posted 2 December 2014

I get a car allowance and the car I am using is registered in my wife's name. She is paying for the vehicle. Sars is refusing to pay me a refund because the car I am using is not registered in my name. Can they do this or do I have grounds to dispute this.

is a owners loan Vat-able when he takes it out of the business, can we claim back VAT for the busine

  Written by Marc   Posted 2 December 2014

Is the owner's loan Vat-able when he takes it out of the business, can we claim back Vat for the business

Tax implications on money transferred to my account.

  Written by Marc   Posted 2 December 2014

My brother and his son has sold a flat in Durban.
My brother lives in the UK and is married to a UK citizen.
He wants to transfer his portion of the money to my account, as a small portion will have to stay in SA to assist my sister after the passing of his wife.
I will have to transfer the remaining to his account in UK.
The amount will be less than R500 000.

What are the tax implications for me?
Do you have any advise for me?
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