tax

  1. C

    International tax consultant recommendation

    Before the pawpaw hits the fan or I'm missing something that will cause unnecessary fights with SARS, I need someone to give me step wise on what to do with my tax in South Africa and in the Netherlands in the coming year. I stopped googling info and speaking to people, as there is way too much...
  3. D

    Private Grant Funding Taxable?

    Hi I am a university student with a small business that recently received grant funding (+R100 000) from my bursar (a private company) following good performance in a pitching competition hosted by the said bursar and their partners. The grant does not require me to part ways with equity or...
  4. S

    Receiving Foreign currency and donations tax

    Hi, I'm going to receive money from overseas as a gift. I know that the recipient has to declare it on their tax return as a donation. Thing is I'm unemployed and do not submit a tax return. So is there another way of declaring it?
  5. I

    Another Crypto Tax Thread

    Ooookay so just a quick question if anyone could assist, I submitted my IRP6 for period 1 this season and included all my crypto tax gains which I cashed out and just added them in with my normal income (I'm a freelancer), but I'm wondering if I didn't make a mistake doing so? I was wondering if...
  6. RedViking

    Foreign Business TAX

    If said company is established in another country but does not operate in South Africa and I am for example 35% shareholder in the company. What steps do I need to take to be TAX complaint? Do I only declared dividends/income paid out to me?
  7. seneca_the_younger

    Please help: Tax for an independent contractor

    Good afternoon everyone, I hope that you are doing ok under the circumstances. Could someone please help me out, I'm trying to work out what I can or cannot write-off for tax purposes, specifically the use of my car. Here are the details: I work three days a week for a company I commute the...
  8. A

    Importing Photography Equipment Into South Africa

    Good Afternoon! I have been looking online for some deals on a Nikon D3500. I found one or two good ones on Amazon.com and I was wondering if there are any import duties or customs taxes associated with that. The product i'm interested in does ship here. I have ordered electronics via Amazon...
  9. W

    Tax SOS

    Hi Guys and Girls,this is my first post on MBB and I would like say that for many years now,this fourm was the place to find the answers and opinions your looking for,with any topic. Thank you all for that. My reason for starting this thread is that I am in looking for information as a small...
  10. C

    SARS - The 183-day / 60 Continuous Day Test

    Hi Just a quick question. I've googled this question numerous times without success. I know there are a lot of factors involved, but can someone just clarify the following for me please? As a simplified example - say a person was continuously working outside of SA for 7 months (±210 days)...
  11. bluebirdy

    Residence Based Tax

    Hey guys, I'm trying my best to understand the qualifications for paying tax if not living in the country for a considerable part of the year. I was under the impression that the rule was quite straightforward unfortunately I've come across a few things that have confused me on SARS website -...
  12. ToniO

    SARS debt - use a negotiator or not?

    Hi all A friend of mine's tax advisors have referred her to a 3rd party SARS negotiator to work out terms. He will take 10% of whatever he saves her. Does anyone have any advice or can you share your experience of dealing with SARS, either on your own or with a negotiator?
  13. B

    Nil Income Tax IRP6

    Hi, Do you have to submit a IRP6 if you have nil returns, or is submitting a nil ITR12 to SARS sufficient?
  14. RedViking

    Government takes my money - Help!

    I am depressed. I am a provisional payer. So twice a year I submit a return. (Which I am currently doing.) During the year I try to budget the tax but I am always short. When I pay I have to give even more money. In return hospitals are a mess. Police services are shocking. Crime is high...
  15. Nobody Important

    2019 Budget speech by Tito Mboweni

    Commences at 14h00 Live-stream: Minister Mboweni will be outlining where our tax money is going. Let the discussion commence.
  16. P

    Structuring renumeration in a tax effective way

    My wife is starting a new job and she found the following clause in her contract: "Employee shall be entitled to structure her remuneration in a tax efficient manner, provided that the Company shall not pay her more than the remuneration set out above." This is a permanent role and I would...
  17. G

    Crypto Tax Adviser

    I'm currently earning my "salary" almost complete in crypto: 1. Mining (what tax is applicable here?) 2. Donations for open-source projects (probably non-taxable) 3. Small contract dev work and getting paid in crypto (probably income tax) 4. Crypto investment portfolio (probably capital gains...
  18. Stonemason

    SARS w-Filing software a total mess

    I have been battling with SARS' antiquated e-filing software the whole morning. First of all it insists on using Adobe Flash. This means I cannot complete my tax returns on any IOS product and one has to find a Windows computer to do the job. Secondly, both Chrome and Microsoft Edge gets...
  19. S

    Quick question: Rental Income Tax

    Hi guys I am a total newbie to tax stuff. I hope you can help me. Just quick questions. I bought a flat property on November 2017. Rent out R 8000 per month started on December 2017. FYI, I have a job. I earn extra income as rental. Rental Income: R 8000.00 Levy: (R 1644.90)...
  20. T

    Online business/service serving a foreign audience, do I also pay tax to that country

    Hi, I've been a stalker on these forums for years. I've found countless answers to my questions without having to register. Decided, that I might as well formalize my stalking. Question is: Suppose I am an S.A. registered company with a ecommerce service/site being offered to a UK...
  21. Rouxenator

    VAT increase : companies absorbing VS companies passing it on to you

    Many of you probably got emails or SMSs over the last few weeks regarding the VAT increase of 1% to 15%. What is interesting to me is the companies that are absorbing this cost VS those that pass it on to the customer. Let's list the good ones VS the bad ones. In my case so far : Passing...
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