PAYE regulation regarding 'unpaid salaries'.

  Written by Marc   Posted 23 October 2014

As a shareholder/director of a PTY, if I received "unpaid salary" that then accumulates in a loan account, would I still be require to pay PAYE, even if no income as such is received?

Is PAYE going to be increased by 50% next year?

  Written by Marc   Posted 23 October 2014

I heard that PAYE is going to be increased by 50% in the next Tax year. Is this true?

Tax rebate for working out of South Africa but paid in South Africa

  Written by Marc   Posted 22 October 2014

I work overseas , for about 8 months of the year, sometimes 2 months at a time. I am paid by a South African company in Rands into a South African bank account. Is there a tax rebate for this?

Tax obligations on monetary gift from foreign source?

  Written by Marc   Posted 22 October 2014

I am a UK Citizen and have had Temporary Residence in South Africa for a few of years. I work in South Africa, have a valid work permit and am married to a South African.

My parents in the UK (who are British Citizens) would like to put a gift into my UK Bank Account of just over R1,000,000. My UK bank account has sat dormant for years and I submit my SARS Tax Return with the details of my active South African Bank Account. Will I, or my parents, have any tax obligations in South Africa in relation to the gift? Also, am I required to reflect the gift on my next Income Tax Return in South Africa?...

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Can I get a tax practitioner to submit for me if I did it myself before?

  Written by Marc   Posted 22 October 2014

Is it possible to change from submitting by myself to using a tax practitioner for instance?

Is a verification of assessment notice that assessment have been concluded?

  Written by Marc   Posted 22 October 2014

I received a Verification of Assessment and it states that refers to a specific tax period. No adjustment has been made to the assessment. Is this to say that the year of assessment can be deemed completed? All documents previously requested was provided etc. Am I not suppose to receive a ITA34?

SARS won't register me as an eFiler?

  Written by Marc   Posted 22 October 2014

I have completed a once off registration as an eFiler, told to wait 48 hrs for verification, the problem is it been weeks now nothing, when I log in to my profile to continue with my filing it still says I must wait for 48 hrs. Help wait to do now...

Tax on Severance Pay?

  Written by Marc   Posted 21 October 2014

how do you tax Severance Payment?

Source code for rental income?

  Written by Marc   Posted 21 October 2014

As rental income is included under 'business' I don't know how to find a source code as this is not listed.

Are dependants on someone else's medical aid allowed to claim out of pocket medical expenses?

  Written by Marc   Posted 20 October 2014

Are dependents, on someone else's medical aid, allowed to claim out of pocket medical expenses from SARS, because the medical aid was depleted early in the year?

What will be the total tax payable to SARS?

  Written by Marc   Posted 20 October 2014

It would be appreciated if you can advise what will be the total tax payable to SARS. My age is 56 and I go on early retirement in oct 2014.

Provident lump sum is R940 000
My contributions to the PF is R260 000

Hi TaxTim just one question how long does a refund take

  Written by Marc   Posted 20 October 2014

Hi TaxTim just one question how long does a refund take I did eFiling on 23/09/2014 and gave supporting documents and still no word from SARS (20/10/2014)?

Do I get a Tax Refund if I change jobs?

  Written by Marc   Posted 17 October 2014

I heard somewhere that if I changed jobs this year or worked for less than 12 months then I might get a tax refund back from SARS.

Is this true? If so, can you explain why?

Travel allowance?

  Written by Marc   Posted 16 October 2014

If you have a travel remibursement recorded under code 3702 by your employee do you record that as a travel allowance?

Tax on Forex withdrawals

  Written by Marc   Posted 16 October 2014

I am 21 years old and I have recently started Trading on the Forex Market to try and help finance my studies. I've been trained very well and am doing pretty well on the platform.

The course the I am going to be studying costs R 35 000,00. The thing is I need to withdraw that amount and still keep about R 10 000,00 in the account in order to keep the account 'tradable'. As well as have some money on the side to help me get through the month for petrol and so on and so forth.

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claiming rental expenses against bond (residential)

  Written by Marc   Posted 15 October 2014

Hello Tim,I came across this and would like some advice on whether or not it means I shouldn't claim rental expenses for the space I use for office purposes in my home. I'm still paying the bond towards the property and use one of the rooms as an office. (beware, if you own your home, do not write off a portion of your interest on your bond or rates, as you will lose your primary residence capital gains exemption of R2-million! When you sell your property one day, this would equate to ...

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Do I submit an IRP6 for the sale of a primary property if there is no Cap Gains Tax payable?

  Written by Marc   Posted 15 October 2014

On 3rd October 2014, I received proceeds from the sale of my primary residence. By my calculations, no capital tax is payable. I am registered as a provisional taxpayer, but have not had reason to pay any provisional tax for 5 years. Do I need to submit a provisional tax return on the sale by Feb 2015, or can I wait until I need to submit an ITR12 next year?

Do I get 2009 tax return?

  Written by Marc   Posted 15 October 2014

Do people get tax return from previous years?

Can I see on the calculation if they going to audit me?

  Written by Marc   Posted 15 October 2014

If I do my tax and ask to calculate before I submit it will it show me on the calculation if I they going to audit me?

Can a special needs learning centre be run in the form of a special trust created for the benefit of

  Written by Marc   Posted 14 October 2014

can a special needs learning centre be run in the form of a special trust created for the benefit of an autistic child?

Help for a non-resident of South Africa fill in tax returns?

  Written by Marc   Posted 14 October 2014

I am a non-resident of South Africa because I have been living and working in the UK for the past 2.5 years. I had gotten some (bad!) advice from someone that said that I should continue to fill in my tax return because I have not officially emigrated. He said I should just fill in "0" for income and to state that I am unemployed. I went ahead and did this, but now SARS are asking for additional verification documents. I can still amend my return online. I realise now that I probably d...

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In serious need of help and advice please

  Written by Marc   Posted 14 October 2014

Hi,

My previous employer failed to submit my IRP5 in time. I was only issued (after a few months of begging) with a copy of my IRP5. This I sent to my Tax Practitioner, I have been informed that Im being audited via my Tax Practitioner, SARS didn't contact me, can this be? What does it entail? Am I in trouble for a previous employer's negligence? What to do now that the closing date is in November and I still haven't heard / received anything.... what will happen if I miss the c...

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UIF reference number and IRP5 for employee under threshold

  Written by Marc   Posted 13 October 2014

1. Do I need to create an IRP5 certificate for an empoyee that earns under the threshold?2. I am registered for PAYE - and was told I will be automatically registered for UIF. However I cannot add a UIF amount in my IRP5 certificates because it asks for a UIF reference number. Where can I get my UIF reference numberTHANKS so much

is parking fines included in the calculation of travel allowance

  Written by Marc   Posted 13 October 2014

do we include parking fines in the calculation of a traveling allowance

Should you subtract VAT when calculating business expenses?

  Written by Marc   Posted 13 October 2014

I am a non-VAT registered, sole proprietor. When I deduct business expenses i.e. office equipment, phone costs etc. from my income to determine taxable income for the year, should I first subtract the 14% VAT portion of those expenses or am I allowed to "claim" the expense as-is?

For e.g. I buy an office desk for R2000.00 incl. VAT from a shop. Do I factor in R2000.00, or only R1754.39 as an expense?
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