Tax on leave payout and which law governs the tax deducted

  Written by Marc   Posted 23 June 2015

What amount should you get taxed on for leave payout if it is paid out separately and not with your monthly salary? Is it suppose to be taxed as a lump sum using code 3605? What law governs the tax deducted for this? would it be a SARS law or a LRA law? Please advise

Does pocket money count towards the R100,000 donations threshold?

  Written by Marc   Posted 23 June 2015

I am giving my son R100,000 and putting it into a fixed deposit account to save. I know this is the maximum donation I can give to him without me paying tax. If I also give him an allowance of R1500 per month for pocket money into his current account and this is obviously spent every month on necessities does this count towards the R100,000 allowance?

Do I need to submit tax return, back in 2013 if I earned well below the threshold?

  Written by Marc   Posted 23 June 2015

I've recently submitted my 2015 tax return with Tax Tim. After phoning SARS - they mentioned that my 2013 tax return was outstanding. I only worked for three months of that financial year and accrued an income of WELL BELOW the threshold. Do I need to submit this tax return? Will I get penalized?

What papers do I need if I worked abroad and want to submit my tax?

  Written by Marc   Posted 23 June 2015

What documents do I need to submit my tax return if I worked abroad

Total tax

  Written by Marc   Posted 23 June 2015

How much is my tax

Can my retirement annuity and charity contributions paid by my spouse be claimed by my spouse

  Written by Marc   Posted 23 June 2015

Unemployed for past financial year and spouse paid my retirement annuity contributions and donations . Can he claim my retirement annuity contributions and donations against my spouses tax

Can I submit invoices for building material?

  Written by Marc   Posted 23 June 2015

Can I submit invoices of building material I bought for renovation to my house?

Taxable income for taxi business?

  Written by Marc   Posted 23 June 2015

Is income generated by operating a taxi business taxable?

No tax income ductions, do I get tax return?

  Written by Marc   Posted 23 June 2015

I am not a income taxpayer but I want to know, do I get tax return money?

Late Dependent benefit on UIF

  Written by Marc   Posted 23 June 2015

Our brother passed away last year March and he had 2 children. We didnt knw that we could have claimed depengent benifit on his UIF. Can we still claim it? And can we appoint someone to claim it on our behalf.

I HAVE CLAIMS NOT RECOVERED FROM MY MEDICAL AID OF R23,733.00,WHAT IS THE EFFECT OF THIS ON MY TAX R

  Written by Marc   Posted 23 June 2015

I HAVE CLAIMS NOT RECOVERED FROM MY MEDICAL AID OF R23,733. 00, WHAT IS THE EFFECT OF THIS ON MY TAX RETURN

What numbers do Tax refernece numbers start with?

  Written by Marc   Posted 23 June 2015

Hi. What are the 1st qualifying digits on a Tax Reference number that separate it from all the other SARS numbers. Ie. What numbers do Tax reference numbers start with?

Completion of tax assessment to SARS?

  Written by Marc   Posted 23 June 2015

Can you please complete my tax assessments for the years 2014/15 and 2015/16? Can you please indicate the price you will charge me?

I had surrendered a policy, where do I put this in my return?

  Written by Marc   Posted 23 June 2015

I had surrendered a policy a few months ago. Where do I put this in my return?

You have not ask me the amount next to code 4149

  Written by Marc   Posted 23 June 2015

You have not ask me the amount next to code 4149

Balance on assessed account R11288.68

  Written by Marc   Posted 23 June 2015

What is the meaning of - The current balance on your assessed account is R11288. 68.

How much PAYE should I be paying to SARS?

  Written by Marc   Posted 23 June 2015

I started working in June 2014 and I am not sure how much tax I should be paying (PAYE) and whether I will fall withing the 2014/2015 tax season as I started working in June of last year. I have tried to use the calculators but I am not sure I understand. Assuming that I earn R300000as total annual package, from which I contribute towards my own pension fund. What is my estimated PAYE amount monthly?

Am I liable for capital gains tax on the proceeds I received from selling the house I stay in?

  Written by Marc   Posted 23 June 2015

Last year, I sold my house in Cape Town because it was big and could no longer afford repayments and maintenance. I bought a smaller one in which I now stay. After paying off the bond, I used what was left to deposit the new house and do some renovations. Am I liable for capital gains tax?

Do I have to file a tax return with SARS?

  Written by Marc   Posted 23 June 2015

My Name is Ali I want know about tax return am working from July 2013 my pay was R13 000 now currently on getting R16 800 am eligible or tax return or not ?

No IRP5 received from ex-employer?

  Written by Marc   Posted 23 June 2015

My previous employer hasn't reconciled with SARS and hasn't provided IRP5 for 2012 and 2013. I have been to SARS and previous employer and get pushed from pillar to post. What do I do?

What tax is payable on a voluntary retrenchment package and pension fund lump sum withdrawal?

  Written by Marc   Posted 23 June 2015

I am 53 and am being retrenched by my company. They have offered a voluntary retrenchment package of approximately 700K. What amount of tax will I pay on this amount? What tax will I pay if I withdraw my pension fund and not transfer it to a preservation fund?

Why pay tax every month but when you submit your returns they sms you that you still owe the tax man

  Written by Marc   Posted 23 June 2015

Why is that even though you pay tax every month and you submit your tax returns they still tell you that you owe tax man a certain amount. How do they got to that conclusion?

Provident fund tax - beneficiary

  Written by Marc   Posted 23 June 2015

I have received some money from my partners provident fund, he is deceased. I have only received tax directive from his provident fund insurance, which is on his name. What else should I submit at sars for this, or the tax directive on his name, is it okay?

Can I submit tax return whilst I'm retrenched

  Written by Marc   Posted 23 June 2015

I was rentrenched now in May the 6th is it necessary for me to submit my tax return for refund

Two employers - how does tax work?

  Written by Marc   Posted 23 June 2015

If you work for 2 different employers within the same tax year, will you get a refund. The first job was a contract and it expired, now I am permanently employed somewhere else.
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