Welcome to The South African Institute of Professional Accountants (SAIPA)

Home

Site Map

Pay Online

Update CPD

Update Details

FAQ (Frequently Asked Questions)

Page Extras

Print this page

Comment

Send this to a friend

<< Back

Below are the list of current FAQ's that members have already asked. To view the information (question), proposed answers as well as further comments (if applicable), please click on the name on the appropriate question.

If you cannot find your question below please Ask a question on Tax.

Tax - (Income Tax)

• 2011 Tax Guide (24 August 2010)

• IRP6 Return for Provisional Tax (19 August 2010)

• Family business employment and taxation. (16 August 2010)

• additional income (13 August 2010)

• VAT on management fees(reovery of costs) charged to subsidiaries (11 August 2010)

• Prov Tax companies (6 August 2010)

• accrued interest (6 August 2010)

• Members of a CC earning commission (4 August 2010)

• Home office deduction (4 August 2010)

• PAYE refund (3 August 2010)

• Provisional Tax (2 August 2010)

• PAYE not paid over by employer (8 July 2010)

• Income Continuation Benefit and Life Covers (8 July 2010)

• Foreign Dividends (6 July 2010)

• Fringe benefit on a motor cycle(FB) (1 July 2010)

• FRINGE BENEFIT TAX (25 June 2010)

• Tax rtreatment of revalued PPE (22 June 2010)

• Employer Payment into Benefit Funds (2 June 2010)

• Distribution taxable (27 May 2010)

• Sections 47A and 47B - Taxation of non - resident sportspersons- Does this include a COACH (27 May 2010)

• Capital Allowances for Developers (27 May 2010)

• Inter company loans (25 May 2010)

• No IRP5 issued (25 May 2010)

• Income ax (25 May 2010)

• Travel Allowane (25 May 2010)

• Trust Income Tax (19 April 2010)

• Tax query (7 April 2010)

• Disabled medical expenses (6 April 2010)

• REntal deductions (29 March 2010)

• Tax on NPO (29 March 2010)

• Income tax on trade (4 March 2010)

• IRP5 FOR 2009/2010 - CASUAL EMPLOYEES (4 March 2010)

• Tax on Lump sum withdrawal (24 February 2010)

• Income protection (24 February 2010)

• Payment to Beneficiaries (17 February 2010)

• 2nd Provisional Tax for 2010 dispensation (11 February 2010)

• WEAR AND TEAR RATES - SMALL BUSINESS CORPORATIONS (11 February 2010)

• Efiling - getroud binne gemeenskap (11 February 2010)

• single trade (10 February 2010)

• Non Profit Organization (10 February 2010)

• TRUSTS (29 January 2010)

• Liferights on properties (29 January 2010)

• Deductability of bursaries (25 January 2010)

• Emigration (19 January 2010)

• Donations Tax and CGT (19 January 2010)

• Promotion (19 January 2010)

• 2nd Provisional tax for 2010 no 2 (19 January 2010)

• 2nd Provisional Tax payment 2010 (14 January 2010)

• PROPERTY PURCHASED BY A CC (11 December 2009)

• Research and Development Costs (11 December 2009)

• efiling does not protect us as professionals (7 December 2009)

• Tax on Foreign Earnings (Close Corporation) (7 December 2009)

• Small business corporations - our accounting practice is not qualifying for the sbc tax rates because of the shelf cc's that we are holding for resale to clients. (7 December 2009)

• Non Resident (30 November 2009)

• Usufruct (24 November 2009)

• EXTENSION DUE TO WEBSITE (20 November 2009)

• Rental Loss (19 November 2009)

• Body Corporate - Income Tax Registration (18 November 2009)

• Afstaan van begunstiging (18 November 2009)

• SUBMISSION OF 2009 TAX RETURNS (17 November 2009)

• Members Interest (17 November 2009)

• FOREIGN INCOME (17 November 2009)

• Relief for Winding up dormant property-holding companies (17 November 2009)

• Deductions - Commission Income (17 November 2009)

• Registrasie vir inkomstebelasting (17 November 2009)

• SDL Grant Levies (17 November 2009)

• Penalties on Company income tax (17 November 2009)

• Foreign earnings (14 November 2009)

• Pension payout for divorce (11 November 2009)

• When must a non-residents register for Income tax? (28 October 2009)

• Small Business Corporation Tax (28 October 2009)

• Residence base tax (28 October 2009)

• integrated vat/income tax-improvement on leased property (22 October 2009)

• Withdrawal by owner of SBC (21 October 2009)

• Temporary Disability Annuity Tax Implication (9 October 2009)

• DONATION TAX (29 September 2009)

• Professional services (21 September 2009)

• Third Provisional Tax payment (18 September 2009)

• EMIGRATION: ESTATE DUTY (18 September 2009)

• Small Business Corporation (18 September 2009)

• Travel allowance: Value of vehicle (18 September 2009)

• Motor vehicle recoupment (7 September 2009)

• CAPITAL GAINS TAX (4 September 2009)

• SUBSCRIPTIONS BY MEDICAL DOCTORS (4 September 2009)

• Dr employed received (4 September 2009)

• transfer property from a trust tax free (24 August 2009)

• Donations Tax (24 August 2009)

• Interest as taxable expense (24 August 2009)

• Taxation on company cars (27 July 2009)

• Directors' loans - interest (22 July 2009)

• Tax return and foreign reporting currency (16 July 2009)

• Expenses for Mentally Handicap person (3 July 2009)

• Tax calculations (3 July 2009)

• Tax on cell phone allowance (29 June 2009)

• Exemption foreign dividends (29 June 2009)

• Section 10(1)(o) exemption (17 June 2009)

• Income Tax (15 June 2009)

• Double taxation ruling (15 June 2009)

• Resident or non-resident? (8 June 2009)

• Two or more vehicles for travel allowance (6 June 2009)

• Income tax refunds (26 May 2009)

• Taxable Supply / Time of Supply (25 May 2009)

• Diesel rebates from SARS (18 May 2009)

• trusts as a member of cc (17 April 2009)

• Is accomodation rental income? (31 March 2009)

• Equity instruments by virtue of his/her employment and performance (3 March 2009)

• Registration of Micro Business (23 February 2009)

• Deuction on Foreign Locum Work (23 February 2009)

• ZAMBIA DOUBLE TAXATION AGREEMENT (16 February 2009)

• 3rd Provisional top up payment (6 February 2009)

• Tax on foreign earnings (19 January 2009)

• Commission earners & cellphone allowance (16 January 2009)

• Tax on foreign earnings (14 January 2009)

• SALARY FOR A CONTRACT EMPLOYEE (8 January 2009)

• Deemed disposals when ceasing to be a South African Resident (8 January 2009)

• Provisional tax 200902 (12 December 2008)

• Medical Deduction (11 December 2008)

• Provisional Tax (10 December 2008)

• Dual Membership for SBC (9 December 2008)

• Closing down a CC with fixed property (9 December 2008)

• Definition of dividend for STC (2 December 2008)

• STC & Amnesty (2 December 2008)

• Local staff working long periods overseas (27 November 2008)

• Paying out of Leave (26 November 2008)

• Road Accident Claims (20 November 2008)

• Theft of assets (17 November 2008)

• Tax implications on holders of public office (17 November 2008)

• Liquidation Dividend (12 November 2008)

• Deduction for Travel on Courtsey (31 October 2008)

• Medical aid deductions (30 October 2008)

• DONATIONS TAX (27 October 2008)

• Expenses against commission income (10 October 2008)

• NEW PROPOSED TAX PENALTIES (10 October 2008)

• PENSION FUND SURPLUS APPORTIONMENT (9 October 2008)

• Payment received from Angola (8 October 2008)

• TAXATION ON GOVERNMENT EMPLOYEE PENSION LUMP SUMS (6 October 2008)

• Capital gains tax (6 October 2008)

• Retirement Package (19 September 2008)

• SALE OF SOLE PROPRIETORSHIP (19 September 2008)

• medical deduction calculation (17 September 2008)

• Fringe benefit - use of motor vehicle (17 September 2008)

• Disallowed portiong of trust expenses (11 September 2008)

• Inheritance Tax (11 September 2008)

• Tax on Alimoney - Pension (10 September 2008)

• Development Expenditure para 12(1)(d) 1st Schedule (4 September 2008)

• Ring Fencing (4 September 2008)

• Members additional drawings not disclosed for tax purposes as pert the new EMP501 reconciliation (28 August 2008)

• Expenses against rent income (20 August 2008)

• CGT TAX AND ESTATE DUTY (14 August 2008)

• Long service awards (5 August 2008)

• Rente ontvang - Artikel 21 Mpy (Interest Received - S21 Company) (1 August 2008)

• IRP5 Retirement Funding Income (1 August 2008)

• Reimbursive Travel allowance (31 July 2008)

• Kapitaalvermindering op geboue (Capital reduction on building) (31 July 2008)

• travel expenses on a individual that earned commission (18 July 2008)

• Securites Transfer Tax Act 2007 (18 July 2008)

• Clubs (PBO's) exempt from Income Tax (18 July 2008)

• COMPANIES NOT QUALIFYING AS SBC (18 July 2008)

• SBE owns shares in another (Pty) (18 July 2008)

• Promulgation of 2008 Corporate Tax Rates (19 June 2008)

• EMP30 Certificate (19 June 2008)

• Tax on Body Corporate Interest (4 June 2008)

• Fringe benefits tax (29 May 2008)

• INCENTIVE - LEARNERSHIP AGREEMENTS (28 May 2008)

• new filing season (28 May 2008)

• Members' OF CC's - Commission Earners (28 May 2008)

• Bursaries to connected persons (15 May 2008)

• Section 24C of the income tax act Act 58 of 1962 (14 May 2008)

• CM42 AND REVENUE STAMPS (24 April 2008)

• Travel allowance on commission (24 April 2008)

• AUDIT CERTIFICATE IRO S18A RECEIPTS (24 April 2008)

• Trust (21 April 2008)

• Use of a motor vehicle (21 April 2008)

• Treatment of deemed dividend - S64(C) on an interest free loan (7 April 2008)

• INPUT VAT-VEHICLE PURCHASED FROM SWAZILAND (7 April 2008)

• P RESUMTIVE TAX SYSTEM - VAT (3 April 2008)

• Medical aid deduction as a beneficiary (17 March 2008)

• Medical aid contributions (17 March 2008)

• Loss deducted for income tax purposes (17 March 2008)

• Tax implications surrounding soccer teams (17 March 2008)

• Convention on the Privileges and Immunities of the Specialized Agencies with respect to the World Bank (13 March 2008)

• NON RESIDENT TAXATION (11 March 2008)

• Small business corporations under the income tax act (11 March 2008)

• Travel Allowance (28 February 2008)

• Toll Gate (28 February 2008)

• Small business (26 February 2008)

• Med Aid and Expenses (26 February 2008)

• Waiver of interest SBA 001R (12 February 2008)

• Invoice receive from brach in Australia (12 February 2008)

• CAPTIAL REDUCTION/FRACTIONAL PAYMENT (8 February 2008)

• Waiver of penalties - SBA001R (8 February 2008)

• Disclosure of Employer Contributions to Group Life and Disability (23 January 2008)

• research tax VERY URGENT PLEASE (22 January 2008)

• Zimbabwe Income Tax (16 January 2008)

• Journal entry (14 January 2008)

• Disclosure of Employer Contributions to Group Life and Disability (7 January 2008)

• Depreciation on commercial buildings

• Finance charges as tax deduction & agreement between loaner (wife) and financer (husband)

• Tax consequences for the foreign Company in South Africa

• Overseas Investors payouts

• Small business Entity

• e-filing


	Maintenance & Development \| Privacy Policy \| © SAIPA 2010