FAQ: I donated to the Solidarity fund through my employer and then made an additional donation to the Solidarity fund in my personal capacity. Do I add the amounts together or do I reflect the amounts separately?
The amount donated through your employer will be reflected on your IRP5 and will therefore be pre-populated under “Employee Tax Certificate Information [IRP5/IT3(a)]” on your return. You must answer the following questions on the ITR12 wizard: 1. Do you want to claim donations made to approved organisation(s) in terms of s18A? 2. How many organisations […]
FAQ: I have employees who contributed to the Solidarity fund, under which source code do I reflect the amounts on their IRP5s?
The amount must be reflected under the new source code 4055.
FAQ: How To Distinguish Between a Body Corporate and a Home Owner’s Association
A Body Corporate is created by law under the Sectional Titles Act and managed under the Sectional Titles Schemes Management Act and registered with the Deeds Office. A Home Owner’s Association (HoA) is an association of persons formed by agreement (constitution/MOI). The levy exemption and basic exemption are applied on assessment for a Body Corporate […]
FAQ: How To Distinguish Between a Government Department and a Public Entity
A Government department – either a national, provincial or local government entity. A public entity is established by a particular legislative provision.
FAQ: What supporting documents must I submit to report a new Estate Case?
In order to report a new Estate Case to SARS, it is important that you submit the correct Supporting Documentation: An image of yourself holding your proof of identity. It is important that your face and proof of identity are clearly visible in the same picture. Please submit as many of the supporting documents that […]
FAQ: What are S11F annual allowable deductions?
You are entitled to a deduction, under section 11F, of contributions to any pension fund, provident fund or retirement annuity fund. The contributions that may be claimed as a deduction in the current year of assessment are limited to the lesser of: (i) R350 000; (ii) 27,5% of the higher of – • remuneration; or […]
FAQ: Who can cancel a registration for employees’ tax?
As an employer you can cancel a registration for employees’ tax if: None of your employees is liable for payment of normal tax and you are not liable for payment of Skills Development Levy (SDL); You have ceased to be an employer but still carry on trade; Your business branch/division was sold; or All your […]
FAQ: How do I cancel a registration for employees’ tax?
To cancel a registration for employees’ tax you can: Indicate on the final EMP501 reconciliation that you want to deregister for employees’ tax and provide the reason for deregistration; Use the deregistration function on eFiling; Send a written notification and EMP123/EMP123T form to SARS. You can send the notification and form via email, post or fax […]
FAQ: I’m unemployed and applied for the COVID-19 grant at SASSA but it was declined with a response ‘Registered at SARS for PAYE’ or ‘Receiving an income’?
It should be noted that SASSA determines the criteria for paying of the grant or not. According to SASSA, to qualify for the grant, you need to be unemployed (not having any source of income) and not receive UIF or any other grants. Should this not be correct, please email SASSA on [email protected] if any complaints.
FAQ: How long is my certificate of residence valid for?
A certificate of residence is only valid for a period of one year from the date of issue if the date of issue is for a period going forward. Therefore a certificate for residency in advance will only be from the date of application plus one year. A certificate of residence can be issued retrospectively. […]
