I wish to register as a tax practitioner, how do I do this?

  Written by Marc   Posted 16 April 2013

I need a tax practitioner code to be able to submit tax return on behalf of customers.

I don't know what to do about getting a tax number after registered ?

  Written by Marc   Posted 16 April 2013

Please I need help I've submitted my application to get a tax number but yet I am still waiting over 21 days now?

PAYE tax: when to pay and how much?

  Written by Marc   Posted 16 April 2013

I work on a contract basis(Service Level Agreement) for a company, I only do contract work for them and no other company. I get paid per service rendered and working hours are anything from 6 to 14 hours a day, 5 to 6 days a week. My salary differ each month ranging from R14 000 to R35 000. They do not supply pension, medical fund, travel allowance or fuel. All expenses are for my own account.(Study fees, professional body registration fees included) The company know wants to register for PAYE a...

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What is the % rate for a temp employee earning monthly salary of R7371?

  Written by Marc   Posted 16 April 2013

They tax me at 25% on my monthly income, is that right?

How much of medical expenses not covered by medical aid do you get back?

  Written by Marc   Posted 15 April 2013

I am a salaried employee and have out of pocked medical expenses, what can I claim for tax purposes?

What tax do I need to pay?

  Written by Marc   Posted 14 April 2013

I've got 4 small businesses that are not registered. The money comes into my personal bank account. I earn around R30 000 a month. Must I pay personal tax on the whole amount I get in every month or can I deduct the expenses used for business? I do not include any VAT on my business invoices, but I do spent money for business purposes.

I would appreciate it if you can help me with this!!

Do I need to submit an ITR12

  Written by Marc   Posted 13 April 2013

Why must I submit a ITR12 form if my income is only R44000.00?

Will negative cashflow property reduce my taxable income?

  Written by Marc   Posted 12 April 2013

I own an investment flat that currently provides a negative cash flow. I am employed and pay quite a bit of tax with very little deductions. Can I offset any amount "lost" on the property against my taxable income and so reduce tax payable to SARS legitimately?

Do I need an IRP5?

  Written by Marc   Posted 11 April 2013

I worked for two months only for the 2013 tax year and I was taxed. Do I still require an IRP5 from the employer?

Please help me find my tax number?

  Written by Marc   Posted 11 April 2013

I've got a job and they are looking for my tax number please.

When capitalising an amount for renovations to a home office how do I calculate the amounts?

  Written by Marc   Posted 11 April 2013

What amount is allowable for Repairs and maintenance and how do I depreciate the capitalised amount which consists of plumbing, paving and builders?

How much PAYE is due on R5 500?

  Written by Marc   Posted 11 April 2013

I have started a new position and would like to know how much PAYE is due?

Tax exemption clause

  Written by Marc   Posted 11 April 2013

I understand the section 10(1)(o)(ii) about being outside a country for 183 days, of which 60 days must be consecutive in a 12 month cycle. My question however is: the company I work for is registered in SA and pays me in ZAR. But I travel outside South African borders for more than 183 days and for a 60 day continuous stint also...so, am I still exempt from tax then? Or do I have to pay tax as I get paid in ZAR and the company is registered in South Africa?

If I work mid-year, how does that a affect my tax calculation?

  Written by Marc   Posted 10 April 2013

If I start working in the middle of the year and my total income for that year is under the tax threshold do I still have to pay tax monthly for that year?

What code to use when the Employer pays 100% of the Medical Aid contribution?

  Written by Marc   Posted 9 April 2013

I have an employee where the company pays 100% of their medical aid contribution. when submitting the ITA3/IRP5 form to sars how is this captured? I cannot use the code 4474 without a corresponding amount in code 3810?

What is the difference between a personal service provider and an independent contractor?

  Written by Marc   Posted 9 April 2013

What is the difference between a personal service provider and an independent contractor?

When will I get my IRP5 form for 2013 from my employer?

  Written by Marc   Posted 9 April 2013

Would like to submit with SARS for refund.

How to calculate provisional tax?

  Written by Marc   Posted 8 April 2013

When a company is a few months behind on their books (Nov 2012), can I either use an estimate from the 1st return (Aug), or even a 8-10% calculation above the 2012 returns, or figures just to get the provisional tax in? I'm still new to provisional returns - is the second (Feb) return's figures the TOTAL of the year, or the difference between the total and Aug's figures, i.o.w. the two returns should be the total? Thank you again!

What is the difference between Capital Gains Tax and normal tax?

  Written by Marc   Posted 8 April 2013

If a company's main activity is buying and selling properties, will they pay Capital Gains Tax?

What am I to do when the company I was working for ended our contracts and did not give me an IRP5?

  Written by Marc   Posted 8 April 2013

I did not receive an IRP5 because the company went into bankruptsy and closed their doors. SARS want the IRP5's of that year which I can't get anywhere and they are giving me penalties each month.

I need to get my tax number, how do I go about it?

  Written by Marc   Posted 8 April 2013

I was employed in November 2013 and payroll need my tax number.

I would like to know whether I am liable for Provisional Tax?

  Written by Marc   Posted 6 April 2013

I am under 65, DONOT PAY ANY TAX as my taxable income is under R67111. I have investment accounts and according to latest IT3 B statement, interest has accrued to R21000.00. Before this figure increases the R22800.00 threshold should I register as a provisional tax payer.

Can I claim the distance traveled from home to the office as part of my travel allowance claim?

  Written by Marc   Posted 5 April 2013

I receive a car allowance. At present I claim my business km's from my office ,do my work and till I come back. A colleague says that SARS allows to claim business km's from my home until I get back home at night.

In other words the portion I drive to work and then back home, I should be allowed to claim for. Is this correct?

Can I claim tax which was deducted in one month extra because I received a backpay?

  Written by Marc   Posted 4 April 2013

I have received two backpays in one year because of payroll and HR incompetence. So, when they ultimately pay it in for me it is a great amount of money which places me in a higher income bracket and therefore I have to pay more tax. But if they just payed the increased amount monthly I like they were supposed to, I would have stayed in my normal income bracket.

I am a pensioner and I have R1,000,000-00 on fixed deposit, how much tax will I have to pay? I am 65

  Written by Marc   Posted 4 April 2013

As a 65 year old you will entitled to your first R104 611 of taxable income to be tax free and a further R34 500 of interest.

So for example if your R1 000 000 attracts 10% p.a then the first R34 500 of the R100 000 interest will be tax free and the remaining R65 500 as it is below the tax threshold.
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