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Salary / IRP5 Posts in

Non-Pensionable income

  Written by Nicci  

May you please advise what is a non-pensionable allowance and how does it work.

How do I get a tax number when I am expecting a varying income from offshore investments?

  Written by Nicci  

How do I apply for a tax number when I am expecting a varying monthly income by investments internationally?

Tax implications of UIF benefits

  Written by Nicci  

I retired at age 65 during the course of the 2016 tax year. I claimed UIF retirement benefits which I received monthly (part in 2016 tax year and part in 2017 tax year). Will this UIF retirement benefit impact on my annual taxable income? Will I be receiving an IRP5 or IT3a from the UIF?

Tax on divorce settlement

  Written by Nicci  

I would just like to know if I will be taxed on my divorce settlement?

Taxes for a R5000 part time job for foreign student visa holder

  Written by Nicci  

As a foreign student, do you have to pay taxes on a salary of R5,000 per month. I am working 80 hours per month.

Can I net off rental income against my rent payments?

  Written by Nicci  

I am receiving rental income on my primary residence and am paying rent to stay in another apartment. Obviously I need to declare the rental income but can any of the rental I am to paying out be set off against this income?

Am i due for a tax refund?

  Written by Alicia  

I want to know if SARS owes me money

Tax calculation

  Written by Alicia  

Tax applicable to monthly salary R29,024. 00 for a period from 3rd Nov'15 to 29th Feb'16

Tax Directive

  Written by Alicia  

How long does SARS take to issue a tax directive?

After a tax directive is issued, how long can it take for funds to be paid into one's bank account?

Car allowance calculation

  Written by Nicci  

How is the car allowance calculated if the car cost the business R165 000 (excluding VAT) when it was bought last year (tax year ending 28 Feb 2015) Purchase price did not included a maintenance plan and the employer expected him to use the car equally for business and private. Monthly value of the use of the car for tax is 3. 5% of VAT inclusive cost of the car.

Can I claim for medical expenses?

  Written by Alicia  

Went on early pension at age 55 December 2014 after working for 27 years at the Goverment. Receive every month a pension amount. Can I still claim medical costs paid by me.

Can I get a tax refund?

  Written by Alicia  

In 2014 I was working on campus, and I recently found my payslip from 2014 December showing that I had earned a gross payment of 6540, whereas I only got paid 4340 in my bank account... Could this mean I was taxed? and is it still possible to get refunded?

How much tax for R100,000 sign up bonus?

  Written by Nicci  

I joined a company which agreed a sign up bonus of R200 000 of which 50% (R100,000) would be paid in first month. And this sign up bonus is taxable, so how much tax would be deducted on my first payment of R100,000?

Does SARS have a right to deduct from my salary for SARS debt related to previous employment?

  Written by Nicci  

Does SARS have the right to take money from my current employer for my previous employer SARS debt?

Tax return help

  Written by Alicia  

I'm new to all this tax return issues. I do pay my tax every month. I just want to know what the process is when doing a tax return. Please advise.

Can TaxTim update my banking details at SARS?

  Written by Nicci  

I am unable to go to SARS to update my banking details etc Can TaxTim do that for me?

Can SARS hold a vendor liable for VAT prior to being registered?

  Written by Alicia  

My B&B started trading in Aug 2015, it's year end is Sep so the first set of Annual Financial Statements will be dated Sep 2016 (14 months). Our management accounts dated April 2016 reflect our revenue is already around R650,000. We are not yet registered for VAT but we'll be doing so very soon. My concern is do we now have to register, submit and pay all the VAT from Aug 2015 to current, OR do we just register, submit and pay from now going forward? I read somewhere that according to the VAT Ac...



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provisional tax due

  Written by Alicia  

I am now an au pair. Dont know if I need to pay tax. I am getting a monthly salary of R7000. However if the family go on holiday I do not get paid. I also do not get paid on a specific day. Will be before or just after the last day of the month. What must I do?

CGT on primary property worth less than R2m

  Written by Nicci  

My mum (78 years) wants to sell her house (market value is R1,7million) due to her deteriorating health, she can no longer stay on her own now, what are the the tax implications? Property was purchased in 2008 for R1,1million

Incorrect Initials on IRP5

  Written by Alicia  

Good Day

I have an IRP5 with n incorrect initials on, how do I go about getting the IRP5 fixed/corrected?

What is the procedure?

Estate duty and tax on a property held within a company

  Written by Alicia  

What taxes are due on a property owned by an individual when the person dies?
What taxes are due on a property owned by a company when a shareholder dies?

How to claim your vat if you are unemployed

  Written by Alicia  

I'm a female 20 years of age, married and currently unemployed.
I want to know how to claim my vat from my grocery slips shopping slips etc.. Would you be able to help me?

Must employer refund tax to me?

  Written by Nicci  

Employer deducted tax from my month's pay as if I had worked only one week instead of four. Must the employer refund the over-deducted tax to me?

I will not earn above the tax threshold this year as I am now a full-time student, so how do I get my money back?

Can I dispute a claim from a few years back?

  Written by Nicci  

I believe I qualified for a exemption on my tax a few years ago (around 2011/2012) - out the country for more than 183 days with one trip more than 60 consecutive days all for work purposes. My tax consultant at the time said he submitted all the documents, but when I went to SARS they said they had not recieved them. I handed them in at SARS and they requested further information which I submitted. They then requested further information which I then got so frustrated I decided to give up on th...



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Earning R1339.56 and pay tax of R685 every week

  Written by Nicci  

I'm earning R1339. 56 per week so that they deduct 685 every week - is that normal?
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