IRP5 differs from Payslips?

  Written by Marc   Posted 14 May 2013

Employer is coming back saying that they deducted to little tax. IRP5 shows more tax deducted than tax deducted on payslips. Do I need to pay them money back?

Tax on lump Sum pension Withdrawal

  Written by Marc   Posted 14 May 2013

I worked at a company and my portion of pension contribution was taxed as it was part of my basic salary(taxable income). I resigned from my company and received a lump sum payout where there entire R264k was taxed at 18%(excluding the first R22500). Will I get this tax back when I submit my tax return this year as I feel I have paid tax twice once on my contribution and again on my lump sum payout.

I have a medical claim of R4500 which was not covered by my medical aid, can I claim this as a tax d

  Written by Marc   Posted 13 May 2013

Any cash payment for medical expences = e.g. a single claim of R4500 and another of R2400. Can these costs be deducted from my tax return?

I was late in submitting my returns and a penalty notice was issued.

  Written by Marc   Posted 12 May 2013

I was late in submitting my returns and a penalty notice was issued. I then (very quickly) finalised my returns which showed that SARS would owe me a refund. Does SARS deduct the penalty from my refund or do I have to pay the penalty first?

When can I submit my provisional tax forms?

  Written by Marc   Posted 10 May 2013

I am a provisional taxpayer

Does your provident fund contribution appear in my IRP5 or is there another term used?

  Written by Marc   Posted 10 May 2013

I can't see it on my IRP5.

SARS requested additional documentation but didn't tell me

  Written by Marc   Posted 10 May 2013

I am a provisional taxpayer... I work freelance and my income fluctuates. I've been doing my own tax through efiling for several years now, and have never had a problem. So this year, I send off my return on January 29 (yes, I know, leaving it till the last minute... every year I
promise I won't do that!!), and my assessment comes back, I'm owed R120.56. The amount is so small because I actually already did all the calculations in order to make my third provisional payment by the September deadline, so as not to incur any interest....

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When can my tax form be submitted?

  Written by Marc   Posted 10 May 2013

When can tax forms be submitted for private individuals?

I got an ITA34 notice of assessment, now what?

  Written by Marc   Posted 10 May 2013

My husband's work did his tax with the IRP5, they did all the years but not 2010 and 2011 so we submit them on the 25-04-2013 so the lady told as after we bring her the new bank details it will take 21 days to get the money so we did all that was ask but I know we have a penalty do we need to pay the penalty before we can get the money and today I got the letter in the mail its a ITA34 notice of assessment.

Bad boss not giving a raise

  Written by Marc   Posted 9 May 2013

So I figured out that my husband was registered for UIF and tax, but that he never filed an IRP5 to claim back.

His boss hasn't given him a raise in 3 years. I complained and after a lot of fighting and him wanting my husband gone...I think he was making an example out of him, he gave him a raise of...R200!!! It was supposed to go up with the new financial year since 2010, but nothing!

Is what his boss doing legal? He says he can't afford to pay more, but he just bought a h...

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Will I pay tax on my rented house if I use that money to rent a house in another area?

  Written by Marc   Posted 9 May 2013

I only own the 1 property.

Who should register for tax?

  Written by Marc   Posted 9 May 2013

If one gets a salary between R2500 and R3000 pm, is it law to register for a tax number?

What is the importance of compiling a VAT return if you are an accommodation provider?

  Written by Marc   Posted 9 May 2013

This will be a persentation I have to present to 35 small businesses which provide accommodation to university students. I was asked to have a full understanding about VAT/TAX for accommodation providers, please help me as I am about to present this on this coming monday.

I receive a salary from Taiwan, but pay tax there. What do I do?

  Written by Marc   Posted 9 May 2013

I have recently returned from overseas and I'm planning to stay in South Africa. I'm about to start teaching online for a Taiwanese company and will be taxed 18% in Taiwan if I make more than $893 with them (which I plan to do). I just want to know if I have to pay tax here in SA on that income. It seems a bit harsh to pay 18% and then another x% here at home. Is this going to be unavoidable? The amount in my bank account every month should be between R7 000 and R10 000. If I have to pay full taxes on that, I was thinking of keeping back about 25%, but I first want to find out whether there are any lenience I can get since I'm already taxed in Taiwan....

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Tax Return

  Written by Marc   Posted 8 May 2013

I am a music teacher. I teach part time at a school. I receive a payslip and the school deducts 25% for paye. I also have a private music studio at my home. When I complete my tax return do I just need to add the income from my private students as my income from the school will be showing already. Also, are there any deductions I can claim in terms of my home studio.

Hi please help me in finding my tax number via internet ?

  Written by Marc   Posted 8 May 2013

How do I get my tax number via internet?

Do I pay tax on extra monies earned?

  Written by Marc   Posted 8 May 2013

My wife earns a basic income of R2975 per month. This is not taxed due to the tax bracket.
She however, also gives dance classes 10 months a year in which she earns an additional R8330 per month.
It costs her R1650 in petrol and vehicle maintenance per month to run the classes.

How much tax should she keep out monthly to pay SARS what is owed to him?

Do I pay tax and how much do I pay?

  Written by Marc   Posted 8 May 2013

Im originally not South African but I have a work permit and just got a permanent job paying me R7000 per month. Am I to pay income tax on my salary and if so how much and how do I apply as a first time tax payer. Thanks so much

My business has gone into liquidation under s65, what happens to the money I owe SARS?

  Written by Marc   Posted 7 May 2013

My cc was liquidated last year in November and the court put me under Section 65, because I have no income and no more properties. What is going to happen to my outstanding account at SARS. That is for the business and my personal one?

I am self employed and is not registerd for tax what should I do?

  Written by Marc   Posted 6 May 2013

I am self employed and I am not registered for tax what should I do I just started my own business?

Audit/Verification, how long does this last?

  Written by Marc   Posted 6 May 2013

After initial assessment of a tax return, and if in the initial assessment no further audit/verification was called for. For how long can SARS ask for audit/verification?

What is the definition of a "person"?

  Written by Marc   Posted 5 May 2013

In terms of the Tax Act of SA, does CC's, trusts or estates of Deceased persons count as "persons"?

I am going to start work for another company. When I went for an interview they asked me for a SARS

  Written by Marc   Posted 4 May 2013

I don't know if I have a tax number or not can you please tell me if I do have one and what is it?

Tax confusion?

  Written by Marc   Posted 4 May 2013

I am graduate and currently unemployed full-time. I write for a small company. I get R700 a month for writing promos. Now thing is when I get deposit alerts from FNB, they show that R525 has been deposited,I want to know can bank charges for R700 be up to R180 or is there some taxing going on. I don't have a SARS number either. What's going on?

What effect does this year's budget has on small business?

  Written by Marc   Posted 3 May 2013

What can be done to keep them going?
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