FAQ: Do I use foreign currency to declare foreign income?
All foreign income must be declared in South African currency.
FAQ: I donated some money to my child who is a minor, do I declare?
You are liable for tax on any income received by/accrued to/in favour of any of your minor children if such income arises from a donation, settlement or other disposition by: You (the taxpayer) Any other person (if you made a donation, settlement or gave some consideration directly or indirectly in favour of the other person […]
FAQ: How do I declare investment income on my return if I am married in community of property?
The total amount of your investment income must be declared even if you are married in community of property, as SARS will do the necessary apportionment.
FAQ: How does SARS treat insolvent taxpayers?
Please explain the different tax numbers used for an insolvency cases. “- Based on legislation a person (purely for personal income tax purposes) may be issued with up to three tax reference numbers to finalise his/her estate. The taxpayer or the appointed trustee/administrator is required to visit a SARS Branch to request the taxpayer to […]
FAQ: I am not a South African resident and I work in South African for a foreign government, what are the tax implications?
The remuneration paid to any domestic or private servants of the employees who work for a foreign government in South Africa is also exempt from normal tax provided that the domestic or private servant is not a South African citizen and is not ordinarily resident in South Africa. The exemption is not applicable to any […]
FAQ: I work for a foreign government in South Africa, what are the tax implications?
In terms of Section 10(1)(c)(iii) any remuneration paid to any person of a foreign diplomatic or consular mission in South Africa is exempt from normal tax in South Africa on condition that the person is based in South Africa solely for the purpose of holding office as an official of a foreign government and he/she […]
FAQ: In the past I was employed outside South Africa, in another country, and I received pension. Do I pay tax on this amount?
Any pension received or accrued to any resident from a source outside South Africa which is not deemed to be from a South African source, in consideration of past employment outside South Africa, is exempt from normal tax in South Africa.
FAQ: I received pension outside South Africa, do I pay tax on this amount?
Pensions received by or accrued to a resident under the social security system of another country are exempt from normal tax in South Africa.
FAQ: I worked outside South Africa, in another country, for a South African company, how do I treat my remuneration/income?
Remuneration as a result of services rendered for an employer outside South Africa is exempt from tax in terms of section 10(1)(o)(ii) of the Income Tax Act if: The employee is outside South Africa for a period of more than 183 days in any twelve month period and the employee is outside South Africa for […]
FAQ: How is the income received by me treated if I am married in community of property to my spouse?
Income received by (or accrued to) a taxpayer (other than that from the carrying on of any trade, but including investment income and capital gain transactions), is deemed to accrue to the spouses in equal portions. This includes rental from the letting of fixed property/assets that forms part of the communal estate.
