What is employee's tax?

  Written by Marc   Posted 17 January 2013

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   Posted 16 January 2013

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...

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

  Written by Marc   Posted 16 January 2013

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   Posted 16 January 2013

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   Posted 15 January 2013

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   Posted 15 January 2013

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

What about a pensioner?

  Written by Marc   Posted 14 January 2013

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   Posted 14 January 2013

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   Posted 14 January 2013

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   Posted 14 January 2013

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   Posted 13 January 2013

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...

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What is the difference between a levy and tax?

  Written by Marc   Posted 12 January 2013

What is the difference between a levy and tax?

Can I get a copy of my IRP5 via email?

  Written by Marc   Posted 11 January 2013

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   Posted 10 January 2013

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   Posted 9 January 2013

Is this donation taxable in SA?

SARS appointed my employer as agent?

  Written by Marc   Posted 7 January 2013

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...

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Is the sale of a business taxable?

  Written by Marc   Posted 7 January 2013

If I were to sell a business, would I pay tax on the sale price? and if appropriate, how would this tax be calculated?

I just receive a salary and receive car allowance - why do I have to pay in tax?

  Written by Marc   Posted 3 January 2013

I find myself having to pay extra tax in every year, last year 2500 and this year 6000. Why?

What is my claimable medical contribution as a pensioner?

  Written by Marc   Posted 3 January 2013

I am a pensioner and my part of my medical contribution is paid by my pension fund from my previous employer. I don't see any of this reflected on the IRP5 from my pension fund, but I do get a medical certificate from Discovery indicating the full contributions, along with a letter from the pension fund indicating what was paid by said pension fund.

What is claimable? The full contribution, or only the amount that I pay?

I have received a notification of assessment - an IT34

  Written by Marc   Posted 3 January 2013

HOW DO I VIEW THE IT34 AND ITSA?

Can I complete my tax return on the morning of the 23rd deadline?

  Written by Marc   Posted 3 January 2013

The closing day for submission of tax return is tomorrow. Will I be fined if I complete it tomorrow and submit before the end of the day?

Retired and not earning an income

  Written by Marc   Posted 3 January 2013

Hi Tim, I am retired and the only income I get is from my pension every month, do I still need to submit a Tax Return?

How much tax do I have to pay if I earn R6500 per month?

  Written by Marc   Posted 3 January 2013

Hi Tim, I'm 26 years old and I work as assistant manager at restaurant. I'm aware that I pay tax but I'm not sure how much tax do I have to pay every month. How much tax you should pay if you earn R6500 p/m?

Changing jobs during the financial year

  Written by Marc   Posted 3 January 2013

What happens if I change jobs during the financial year? How will my tax be affected?

Fringe benefit tax on company car

  Written by Marc   Posted 3 January 2013

Hi Tim,

I have driven a company owned and paid-for motor vehicle so pay fringe benefit tax based on the value of the car when it was purchased (new). Should that value be adjusted as the motor vehicle is no longer worth that much? How do I go about it to ensure it's always up to date? Thanks a mil!
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