tax

  1. J

    Rand coming to Steam - there goes the neighbourhood?

    Just saw a mail saying that prices will now be quoted in Rand. Do you suppose this will be on the fly conversion? Or actual South Africa related pricing? (Example: I wanted a game that was charged in Euro's, Pounds and Dollars. I bought it in dollars, and due to the rate at that time...
  3. C

    Importing Nutritional/Gym Supplements from USA

    I'm looking at importing a big shipment of Nutritional/Supplements from a distributor in the USA. 1.) Can anyone recommend a Logistics/Import company to use? 2.) What are the duties and other costs involved in importing these type of products? 3.) Time frame for delivery once ship leaves...
  4. J

    Which is better - billing to myself or to my company?

    I'm a contractor and send a monthly invoice - which is better, invoicing in my name or in my company's name (I have a CC). Which is better and why? (I assume tax plays a role, but what else?)
  5. bchip

    Property - Tax Benefits?

    Hi Guys Ive heard this argument just too many times now so Ive opened this one for anyone to read. Everyone keeps saying its a brilliant idea to have a home loan rather than paying off the property with cash because you get the tax benefits that you get to deduct. So I thought I would...
  6. T

    Tax Avoidance?

    Hi, I am currently employed as a contractor. This month we received an email stating that we would received a travel allowance starting in August. Today I received my payslip for August and noticed that an amount was deducted from my Salary and added as a 'Travel Allowance'. Even though...
  7. K

    Declaring REIT Dividends on EFilng

    Hi. Does anyone know how you should declare dividends from REITs on your efiling ? Is it just another income entry ? Any caveats ?
  8. L

    How does tax ACTUALLY work?

    I've been working as a freelancer for just over 2 years. One of the projects I've been working on in that time now has me in a position where I can start earning some serious cash (conservative monthly amounts could end up in the neighborhood of R500k). This project carried potentially...
  9. D

    Tax claim for student

    Howzit Over the past few months I have done vacation work and have been charged a cumulative few hundred rand in what seems to be a tax deduction. To my understanding you have to earn over a certain amount to be paying tax, which I am not. Can anyone advise if it possible to claim this tax...
  10. Polar79

    Fee chargeable - Help me turn the tables on the TAX man.

    Accounting fee chargeable - Help me turn the tables on the TAX man. That time of the year again and I have been researching TAX deductibles. As title suggests, I am willing to pay an accountant's fee... Sure thats deductible too ;) First my circumstance- I am full time employed as field...
  11. A

    When should a private company /.pty's financial statements to be audited?

    I read different guides some say that private companies don't have to file audited financial statements. I read in another guide that you should change your Memorandum of Incorporation MOI in order to not have to file audited financial statements this is the guide...
  12. A

    Understanding Annual Returns and Accounting for Small .pty

    I registered a .pty company for small IT work I do on the side outside of my work. I have kept track of all of my transactions (my expenses) and invoices that I sent out to my clients. Firstly I don't understand the very obsecure cipc.co.za website. What is annual returns and how do I do it...
  13. D

    Advice on bringing in foreign currency and SARS

    Good day all, I have been working overseas for the past 7 years and accrued some tax free savings. The time has come to move back to South Africa. I have yet to sign up with SARS. I plan on buying property and possibly renting it out (I understand I will need to pay tax on rental...
  14. Jan

    E-filing over 50% of tax returns filed in 2014: SARS

    Over 2 million eFiling tax returns submitted: SARS Tax refunds are not a right and must be substantiated by the correct documentation, Sars has said.
  15. marco79

    Rental income and tax

    We are renting out our house as of 1 December. Should I let the rental income be paid into my wife's banking account instead of mine? She is a housewife and thought it could be better tax - wise if the rental income doesn't get added to my income tax. Any advise?
  16. Kevin Lancaster

    Amazon faces tax investigation

    Amazon faces tax investigation The European Union’s competition authority is opening a formal investigation of Amazon’s European corporate income tax practices
  17. W

    Starting a small business - PAYE vs VAT vendor

    Hi All, Gonna be starting a small business soon (whilst working a 'normal' full time PAYE day job for a company). Income expected to only be a few thousand if not a few hundred a month. Big growth is possible, but hard to tell right now. My Q is, should I just submit the additional income...
  18. rpm

    Mark Shuttleworth wins R250 million legal battle again SARB

    Mark Shuttleworth wins R250 million legal battle again SARB South African IT billionaire Mark Shuttleworth has succeeded in his R250 million court battle against the South African Reserve Bank (Sarb).
  19. T

    Does a small company have to register for PAYE if the only employee is the owner ?

    Does a Small Company (Operating from home), with no employees (except the owner), have to register for PAYE. The owner takes home less than (R40K pa) - far below the Tax Threshold for him to pay tax. Would the company still need to register for PAYE ?
  20. QuintonB

    Tax season opens for employers

    SARS eFiling season for employers opens The 2014 tax filing season for employers has opened
    • QuintonB
    • Thread
    • active e-filing easyfile efiling sage pastel south african revenue service (sars) tax tax season
    • Replies: 0
    • Forum: Broadband and IT News
  21. J

    Tax on retirement funds - Taxation Laws Amendment Act, 31 of 2013

    A couple main points: 1- Members of retirement funds, including pension, provident and retirement annuity funds, will be able to deduct contributions made to such retirement funds within certain limits as shown in the table below. 2-Contributions made to retirement funds by employers on...
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