Written by Marc
Updated 30 March 2022
Written by Alicia
Posted 30 March 2022
Q: Negative amount on my SARS statement
Written by Evan
Updated 29 March 2022
Written by Marc
Updated 29 March 2022
Written by Marc
Updated 29 March 2022
Written by Alicia
Updated 29 March 2022
Written by Marc
Updated 29 March 2022
Written by Marc
Updated 29 March 2022
Written by Neo
Updated 29 March 2022
I will soon be receiving additional income of about R30000.00pm from a forex investor who is trading on my behalf, I am not trading. My current income is around R36000.00 to R41000.00 gross per month.
How do I go about paying tax on the forex income? Do I have any exemptions on this?
Also can you please give me advice in terms of paying less tax? I presume the bes...
Written by Marc
Updated 29 March 2022
Written by Marc
Posted 29 March 2022
I need to explain it to grade 12s
Written by Marc
Posted 29 March 2022
What is UIF, how do you calculate UIF contribution, i.e. how much should an employee contribute for UIF...e.g., If an employee earns R15 000 how much will be his/her UIF contribution per month & how is it calculated ??
The Unemployment Insurance Fund (UIF) is a policy implemented by SARS (www.sars.gov.za). It is responsible for collecting and distributing funds to unemployed workers across the country to assist with lightening the economi...
Written by Marc
Updated 29 March 2022
Written by Evan
Updated 29 March 2022
Written by Neo
Updated 29 March 2022
Written by Nicci
Updated 28 March 2022
Written by Marc
Posted 28 March 2022
Please can you help me by giving me my password and user number, because I lost it and I am already registered with SARS.
Written by Neo
Posted 22 March 2022
Q: How do we calculate leave days?
Scenario 1: An employee who works 40 hours per week and who has a monthly basic salary of R17933.00 and has carried over 20 leave days of which we would need to pay out.
Scenario 2: An employee who works 37.5 hours per week not 40 hours who has the same basic salary of R17933.000 and had 20 leave days to be paid, how would you calculate leave days?
A: You can calculate leave days as...
Written by Marc
Posted 22 March 2022
Q: I forgot my tax number; how do I get it urgently?
A: You can usually find your tax number on you IRP5 or payslip from your employer. If your tax number is not on those documents or if you are self-employed you can also phone SARS on 0800 00 7277 to check or you can request it online by following these steps:
Written by Nicci
Posted 17 March 2022
Written by Nicci
Posted 17 March 2022
I own two rental properties from which I earn rental income. This is my only source of income - I do not earn a salary. In the 2021 tax year I let one of the properties' monthly rental pay directly into my long-time girlfriend's account (R7500 per month). The monthly levies, rates and agency fees (deductible expenses) were still paid from my account. At the end of the tax year, my girlfriend paid the lump sum amount (R7500 X 12 plus interest) that had accumulated in her account back to me.
...
Written by Nicci
Posted 17 March 2022
Written by Nicci
Posted 17 March 2022
Written by Vee
Posted 17 March 2022
If you think earning an income from a global source isn’t taxable on home soil, I’m afraid I have some bad news. Whether you’re earning Dollars, Euros or Yen, as a South African, it’s more than likely you’ll have to pay tax on this income. This is because South Africa’s taxation system works on a residence-based tax system meaning we’re taxed on worldwide income.
There is, however, some good news!
Section 10 of the Income Tax Act offers a list of conditions where foreign remuneration earned (up to R1,25m) for services rendered outside of South Africa borders will be exempt from income tax.
Read more →
Written by Marc
Posted 16 March 2022
If your ITA34 does not have a Make Payment button, then this means that the particular ITA34 you are looking at has a R0 assessment. Rather log back into eFiling and select the following:
Do Your Tax Return Easily