Tax on pension gratuity - what is the amount?

  Written by Marc   Posted 13 January 2014

Is the gratuity from a government retirement pension taxable and if so what %

What amount of tax should I be paying?

  Written by Marc   Posted 11 January 2014

Hi Tim, I am 32 years old and I work as assistant manager. I am aware that I pay tax but I am not sure how much tax do I have to pay every month. How much tax you should pay if you earn R 26000p/m?

How much the tax I have to pay?

  Written by Marc   Posted 11 January 2014

Hi TaxTim I earn R22 000 every month and this goes to in my account, I just registered few days ago. so like to know how much tax I have to pay every month.
Thank You

Medical aid 3810 fringe benefit tax

  Written by Marc   Posted 11 January 2014

I have submitted my return for 2013, but under source code 3810,I have employer tax contributions on my behalf,where they are paying half. I pay the other half which I claim as a deduction.

It seems as tho I am paying tax on this 3810 amount-as it is a taxable fringe benefit,(R16807)
Can I claim back ?(in addition to claiming my contributions as a tax credit)

The company I worked for retired me at the end of October 2013. Can I get an IRP5 form from them now

  Written by Marc   Posted 10 January 2014

The company I worked for retired me at the end of October 2013. Can I get an RIP5 form from them now. instead of having to wait until March 2014

Am I tax resident?

  Written by Marc   Posted 10 January 2014

Hi Tim,I was born in South Africa, however have been living out of the country for the last 7 years. (6 of which were spent in the UK). I have recently returned, but not on a permanent basis, as my main income comes from freelancing in the UK, and my partner is only here on a visitors visa. I have however been in the country for more than the 183 days this tax year. Will I need to pay SA tax on my UK income? I am still registered for UK tax, so I will be paying UK tax on that income as well.

Where should a British citizen consulting for a Dutch organisation living in South Africa pay tax?

  Written by Marc   Posted 10 January 2014

I am a permanent resident in South Africa, where I have been residing for over three years. I recently started a new job. I am paid as a consultant for a Netherlands-based company, and my pay is made to a UK (sterling) bank account, as I am a British citizen. Where should I pay tax, and must I bring my pay into South Africa within a certain time frame?

Where can I see my finished tax forms?

  Written by Marc   Posted 10 January 2014

I used your services on 22 November 2013 and was impressed. I want to print the results to file it in my personal file at work. Where do I go to retrieve it ?? I cant seem to find it on my pc?!

Have no employer's details to register for tax?

  Written by Marc   Posted 10 January 2014

How can I register for tax when I don't have my employer's details

I am not employed, can I still register?

  Written by Marc   Posted 9 January 2014

I am unemployed, can I still register for a tax number, if yes which documents is required from me to register?

Does SARS recognise a tax loss as a deferred tax asset?

  Written by Marc   Posted 9 January 2014

Hi Tim,
I am a provisional tax payer and for the 2015 tax year, I will have recorded a net income loss. Am I correct in saying that this will yield me a tax loss (deferred tax asset) which I can use to offset my taxable income in subsequent tax years?
The loss was substantial and I hope to be able to use the tax loss to offset my taxable income for at least 2 years.

i want to pay

  Written by Marc   Posted 9 January 2014

I already filled in my tax I want to pay now

Foreign student earning salary and noticed 25% PAYU deduction??

  Written by Marc   Posted 8 January 2014

I am a Dutch student doing research work twice a week with a local university, I am legally allowed to work and earn a salary with the university.
I however received my first payslip and notice PAYE deduction of 25%, will this money be lost or can I claim it back when I go back to Holland??

Hope to hear from you

Thx

Amount of PAYE and UIF deducted from a salary of R9500

  Written by Marc   Posted 8 January 2014

How much PAYE and UIF would I pay if I earn R9500 a month?

Medical calculation for source code 4008 for 2011 and 2012?

  Written by Marc   Posted 8 January 2014

Everywhere I can find a formula on how to calculate the 2013 medical deduction code 4008, but nowhere one for 2012 and 2011. Your example for the 2013 helped a lot, thanks for that. Can you maybe also give one for the 2011/12 please.

Can an employer who is not giving you benefits allowed to break down your salary, reducing basic sal

  Written by Marc   Posted 7 January 2014

My. Basic salary is R33943.06
My employer break it down as my basic salary is R28169.48 medical aid R3698.00 , vitality R39.00, provident fund R2063.58 rate per hour R192.20 then deduction is tax R6203.69 and UIFR148.72
Is this legal ? My employer does not give me any benefits from all the deductions.

Can PAYE be deducted if on commission only and can I invoice the company contracting me ?

  Written by Marc   Posted 7 January 2014

I'm a consultant and earned only 5% on commission. The company pays me a retainer of R10K per month. Can they deduct PAYE per month ( 5 month contract only)? if so, of how many %? Can I bill them in my personal capacity or from my CC? what would the tax implication be?

What is the definition of "place of effective management?"

  Written by Marc   Posted 7 January 2014

What is the definition of "place of effective management?"

Multiple IRP5 in tax return using TaxTim?

  Written by Marc   Posted 7 January 2014

I'm a provisional tax payer and I changed jobs in February last year. I would like to use TaxTim to submit my return, but would just like to ensure that the program will handle both provisional taxpayer and multiple IRP5s.

How do I calculate PAYE on a 13th cheque

  Written by Marc   Posted 7 January 2014

How do I calculate PAYE on a 13th cheque

Is the primary residence exclusion applicable if property was lived in and rented out?

  Written by Marc   Posted 6 January 2014

I have a property that I have recently sold. I lived in it for 7 years and then rented it out for 3.5 years subsequently. Now that it has been sold, do I qualify for primary residence exclusion on any portion of the capital gain? Is it pro-rata for the years that it was my primary residence, or how would I apportion it?

Registration for TaxTim?

  Written by Marc   Posted 5 January 2014

How can I register as a new user without using the Facebook option?

Leasehold improvement - how is this taxed?

  Written by Marc   Posted 30 December 2013

Our company has to make improvements to our offices that we lease. I know we should account for these as leasehold improvements and amortize it over the lease period, but will this amortization be a tax deductible expense? (will the accounting and tax treatment be the same?) The total improvement will be less than R7 000 can I rather treat this as a "small items" deduction?

Resident abroad aiming to cash out shares/ unit trusts, do I need to register with SARS ?

  Written by Marc   Posted 30 December 2013

I am a dual citizen (SA & European). I am currently living abroad on my European passport and never formally emigrated from SA. As a result I still hold a bank account there, as well as unit trusts & shares. I left SA shortly after studying so never had a job there/ paid income tax/ registered with SARS. Although I still visit the country on occasion, I am no longer a resident there. I would like to consolidate all my SA assets (have it all in one place) so I would like to "cash out...

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How much will I get being paid R6000,00 a week after paying tax?

  Written by Marc   Posted 27 December 2013

How much after taxed on R6000 for per week?
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