Do your Tax with TaxTim and WIN R10,000  More info   T&C's apply

TaxTim's Blog

How do I calculate the travel expenses to be deducted from Commission Income?

  Written by Marc  

I earn commission only, but do not keep a logbook. Can I claim any deduction for travel from my Commission income. I kept the petrol slips.

Statement of assets when married out of community, but with 50/50 primary residence

  Written by Marc  

Interested in how to represent the primary residence assets amount on the ITR12, statement of local assets and liabilities, if:

Married out of community of property, with accrual
Purchased a house with the wife 50/50, therefore in both our names

What happens if you do not pay tax?

  Written by Marc  

My previous employer said that I do not earn enough to pay tax, I have just recently found out that even if you do not pay tax there are some administration fees that have to be paid in. I never knew this so will there be any penalties that I have to pay and will I get into any trouble with SARS for not paying the administration fees.

On the logbook do you need to give reason if a zero entry is made on a day of no travel?

  Written by Marc  

On my logbook I have several entries as zero where I did not use my vehicle for travel. does one need to give reason for this on the logbook?

How do i declare commission based income?

  Written by Marc  

A family member is a running the contract in my name, I went to study so they took over. The income is commission based and approx 15k a month. They using their own personal vehicles to run the contract and have a few people that works on a casual basis. How do I declare this income? And how will I declare the expenses? I just started working and earns 80 per annum which is taxable course.

SARS Tax Tables for 2013

  Written by Marc  

Tax rates for Individuals and Trusts
Income tax rates: Natural persons (that's you) and special trusts.

2013 tax year: 1 March 2012 - 28 Feb 2013.


Read more →

How do I locate my tax number?

  Written by Marc  

I would like to find out how to retrieve my tax number?

How do I find out if I'm registered with SARS or not?

  Written by Marc  

My previous employer said that I did not earn enough to register for tax, but there were some forms that I filled in from SARS so I just need to find out if I am registered or not. My current employer want's my Tax no.

What is employee's tax?

  Written by Marc  

What is employee's tax?

How do I proceed with a tax directive? (One associated with my ex employer & from the pension fund)

  Written by Marc  

I retired on 30th June 2012 and received a SARS Tax Directive that states that "tax amounting to R0.00 is to be deducted from the gratuity / lump sum payment of R308732.65." What use does one make of this tax directive? Am I correct in assuming that this amount is to be subtracted from Income received (Codes 3697 & 3698). Is it still possible to submit my return via the provisional tax electronic medium; or will I now have to file a return manually at the end of February 2013?The p...



Read more →

What is the amount that I will receive for medical tax credits?

  Written by Marc  

If I receive R12350 CTC per month, and I pay a hospital plan of R1200 per month, can I get a tax credit?R500 for myself, R700 for two dependants.

How do I go about starting a business?

  Written by Marc  

Morning... I'm thinking of starting my own business - what should I do first? How much must the business earn per month to pay tax?

Maximum Limitation on Receiving a Gift before Liable for Tax?

  Written by Marc  

Hello Tim,What is the maximum amount of money that I can receive as a gift from somebody before I become liable to pay tax on the gift? To be exempt from paying tax on a gift, am I limited to whom I may receive a gift from (for example: a relative/friend/stranger/business)?Nice website, by the way.

Please advise cost if you completed my annual tax return and provisional tax returns?

  Written by Marc  

Please advise cost of completeing my annual income tax return and also provisonal tax returns

What about a pensioner?

  Written by Marc  

Where can I see the tax tables for a pensioner over the age of 70?

How do I get my tax number?

  Written by Marc  

My boss wants my tax number at work and I don't know it as I don't know if I was registered or not?

What is the last date for submitting my tax return?

  Written by Marc  

I would just like to know what is the last date for submitting your personal tax forms?

I am a first time taxpayer, what do I do now?

  Written by Marc  

I finished my studies middle November 2012 and started working on the 19th of November. I am a bit clueless with the ins-and-out of tax. I have already registered for a tax number and would like to know what the next step is. When should I register for eFiling, etc. Any help will be greatly appreciated!

Tax refund/rebate dating back to about 7 years

  Written by Marc  

I have heard so many great things about you, I hope you can assist me too. Until today, I was not aware that one can actually contact SARS directly to enquire about a possible refund. I have always been under the impression that they would contact or notify the taxpayer and then mystified when they actually did not.

My tax documents are always submitted automatically by my employer. I finally dragged myself to the nearest SARS office and registered as a tax payer in 2010. Now, my que...



Read more →

What is the difference between a levy and tax?

  Written by Marc  

What is the difference between a levy and tax?

Can I get a copy of my IRP5 via email?

  Written by Marc  

I need a 2012 IRP5, can I ask SARS to sent me one via email?

I received statement of account from SARS, what does it mean?

  Written by Marc  

My statement of account :assessed tax and at bottom it does give me refund advice does that mean that the process has been completed and that I should receive my refund?

I received a donation from a non-resident relative.

  Written by Marc  

Is this donation taxable in SA?

SARS appointed my employer as agent?

  Written by Marc  

According to SARS I have penalties of R22 250. I only discovered this recently after becoming more educated about the whole tax thing and investigated my own SARS status etc. Naturally I had to update my details and they now know where I work. 3 weeks ago, my employer received a letter saying something about appointment of agency and that she had to pay R1 500 per month over to SARS, in order to pay the penalties. Around the same time I went to SARS offices to log a dispute re the penalties and...



Read more →

Is the sale of a business taxable?

  Written by Marc  

If I were to sell a business, would I pay tax on the sale price? and if appropriate, how would this tax be calculated?
Older posts →← Newer posts    312  313  314  315  316  317  318  319  320  321  322  323  324  325  326  327  328  329  330  331  332

Do your Tax Return in 20 minutes or less!

TaxTim will help you:

 Do Your Tax Return Easily
 Avoid penalties
 Maximise your refund

Tim uses your answers to complete your income tax return instantly and professionally, with everything filled in in the right place.

Let Tim submit your tax return direct to SARS in just a few clicks!

Get started

Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk

Get SARS Tax Deadlines in your Inbox
We'll tell you when you need to file, along with tax tips and updates.