Tax on Foreign Income

  Written by Marc   Posted 10 February 2013

Hi Tim,I've got a new contracting job where I'll be working from SA, but I'll be paid from the UK. How do declare/pay my taxes on these? And do I have to transfer all my funds back to SA?

Are bank statements proof?

  Written by Marc   Posted 10 February 2013

SARS refused ALL my expenses! Now they want proof of payments of my expenses. I keep all my bank statements as it is easier to do my return and no invoices go missing. Will they accept my bank statements?

Asset depreciation in first tax year

  Written by Marc   Posted 10 February 2013

If I registered for tax for the 2012 tax year, does that mean that I can't claim asset depreciation in that first year, since the calculations are based on asset usage in the previous year (when I wasn't utilizing the assets for work purposes)?

As a Sole Proprietor - do you need to do annual returns on profit, AND monthly PAYE?

  Written by Marc   Posted 10 February 2013

If you are drawing a monthly salary from your business being a sole proprietor should you be paying monthly PAYE, as well as company tax on the annual profit? Or should you not be drawing a salary and only live off the profit of your company, but pay annual taxes on the profit?
Also if so, is this provisional tax or annual tax?

Is the depreciation of a private vehicle an allowable deduction?

  Written by Marc   Posted 10 February 2013

I do not own a business, I only earn a salary.

Is a person who has asthma classified as disabled for tax purposes?

  Written by Marc   Posted 9 February 2013

My son has asthma can I claim as a disabled benefit for medical purposes when submitting my tax return?

How do the medical rebates work?

  Written by Marc   Posted 9 February 2013

I was wondering if u can maybe assist me.
I?%u20AC%u2122m studying payroll and sars returns, I have an old text book with the old medical aid rates of 720 & 440. I hav a question where I have to calculate the taxable value of medical aid. The question reads, The following tax rebates apply to medical fund contributions: R230 for sole member, R230 for first additional dependent, an additional R154 is allowed as a REBATE for each additional dependent other than the first dependant.
...

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When can I apply for a tax directive?

  Written by Marc   Posted 8 February 2013

My employment was terminated and I applied for a tax directive, for my terminal benefits, which I received from SARS which allowed me to get my final payment tax free. My employer however claims the termination of my contract does not constitute retrenchment and therefore I misrepresented the reason for requesting a directive. Is this true? I did detail on the form the breakdown of the money (December Salary, Bonus and Leave pay) I had received and SARS gave me the directive.

Can a 15 year old with only a birth certificate apply for a tax number, how to apply?

  Written by Marc   Posted 8 February 2013

She can only obtain her ID when she is 16 years.

PROVISIONAL TAX VS PAYE QUERY?

  Written by Marc   Posted 8 February 2013

I am a Freelance Art Director, started Freelancing mid Sep 2011. At the end of tax year 2012, I submitted my tax which reflected income from projects that I had under-taken. Some of the companies that I did projects for automatically deducted PAYE @ 25%, although a few of them did not which was also reflected on the tax return. Resulting in me having to pay the shortfall PAYE to SARS per project that did not deduct tax. I was then told that I had to register for provisional tax which I did. MY D...

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Medical Aid Tax Credits

  Written by Marc   Posted 7 February 2013

Just want to know how it works with the Medical Aid Tax Credits. My friend works for a private company and on his Pay Slip under credits he has Medical Aid Tax Credit and the amount that is credited to his PAYE. I however work for Dept Health, the Government and on our salary advice there has been no change. I see nothing on my salary, have never received more money since this system kicked in, and nobody can answer my question. When will I see this tax credit due to me? Somebody mentioned I m...

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Tax on local interest

  Written by Marc   Posted 4 February 2013

Please can you tell me what tax I would pay on say R10,000.00 per month interest
from local money market. I see R22 800 p a is tax free, then the local table applies, does
that mean after 60.000 pa. This would be my only form of income.

How much tax must I pay?

  Written by Marc   Posted 3 February 2013

I'm currently earning R10 000 and paying R1 306 for my own medical aid as it is not provided for by my employer. How much tax must I be paying?

Provisional tax, what must I submit?

  Written by Marc   Posted 1 February 2013

As a provisional tax payer I submit returns from September 2012- 28 February 2013. Am I allowed to submit on 1 March 2013? Do I need to submit receipts/ documents as some receipts have faded. Or is it acceptable to submit a summary of my expenses as I have recorded them?

I opened my shop in February of 2012, how do I organise my taxes?

  Written by Marc   Posted 1 February 2013

I am not sure how to do my tax can you help? When must my tax be done?

MY EMPLOYER PAYS MY FULL MEDICAL AID IN LIEU OF SALARY INCREASE.

  Written by Marc   Posted 1 February 2013

HOW CAN II BENEFIT FROM THIS? IT SEEMS SARS DOES NOT TAKE THIS ACCOUNT.

How much tax do I pay on R6000 a month?

  Written by Marc   Posted 1 February 2013

I am asking on behalf of someone...
She earns R6000 a month and there is no deduction coming off, that is the amount deposited into the bank account. With that income every month, what deduction should her employer be taking off every month??

I have not filed tax returns since I don't work in SA anymore. Do I need to do this?

  Written by Marc   Posted 1 February 2013

Hi Taxtim! I'm a SA citizen but a resident in Canada for the past four years and paying taxes here (even for investment income earned in South Africa). I worked in South Africa and fulfilled all my tax obligations for the time I worked there. I still have investments (share trading and mutual funds) , Retirement annuity and joint property with my brother in South Africa. Do I need to file tax returns in SA?

How can i claim tax from my pension fund that has been paid out on resignation?

  Written by Marc   Posted 31 January 2013

I have resigned from my previous company and my pension fund has been paid out and I want to claim my money back.

Do i pay tax if i earn less than R5200.00 per month?

  Written by Marc   Posted 31 January 2013

I live in South Africa and earn R5000.00 a month. Do i need to pay tax?

My son is disabled, what costs can I recover for him?

  Written by Marc   Posted 31 January 2013

Can I recover costs of his carer if she also cleans the house? Can I claim her transport? My son is still in nappies at 4 years old, can I claim the cost of these as it is due to his disability? how can I maximize the return of some of costs I incur for him?

How long it takes to get my SARS tax number?

  Written by Marc   Posted 31 January 2013

I want to know how long it takes to get my SARS tax number because i want apply for job?

How to calculate taxable income?

  Written by Marc   Posted 30 January 2013

How do you calculate taxable income, grade 11 student?

What is the tax situation is w.r.t. a donation of less than R100 000 from a child to a parent?

  Written by Marc   Posted 30 January 2013

I know that it is possible to donate up to R100k per year to your children, but what about a donation to your retired parents? Especially if they are financially dependent on you?

How do I fill in the form as a salary earner PLUS freelancer?

  Written by Marc   Posted 30 January 2013

If I earn extra money as a freelancer, over and above my monthly salary, and I'm not registered as a business / CC, how do I fill that in on the form? i.e. I'm not the "director of a Private Company or a member of a Close Corporation" as it says in Section 13 & 14 - but I do freelance work outside my job that pays me (and some of it is foreign income).
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