Rands | TaxTim SA
SARS requires that certain amounts in foreign currencies must be translated into Rands when entered into your tax return. To do this you must consult the SARS average exchange rates …
SARS Exchange rate tables | TaxTim SA
Feb 26, 2016 · SARS Exchange rate tables. Posted 26 February 2016 Philters says: 25 February 2016 at 17:06 I am ...
What exchange rate to use on foreign dividend inclusion
Sep 15, 2015 · When calculating the Rand value of foreign dividends to be included into taxable income under s1, what exchange rate must be used if the dividends accrued over a period of a …
Earning a salary in the UK but living in SA. - TaxTim
Jun 23, 2015 · What is my obligation towards SARS? My question is as follows: When declaring this salary and the taxes paid in the UK as a rebate/credit to SARS, what exchange rate must …
Foreign employment income Posts in Tax Q&A | TaxTim SA
May 21, 2024 · 3. Can withdrawal fees/currency exchange and bank fees be deducted from overall profit. 4. What documentation would SARS require? The only documentation that can …
Budget 2024: No Major Tax Hikes | TaxTim Blog SA
Feb 21, 2024 · Rate of Tax (R) 1 – 237 100. 18% of taxable income . 237 101 – 370 500. 42 678 + 26% of taxable income above 237 100 . 370 501 – 512 800. 77 362 + 31% of taxable …
Tax on Forex Trading | TaxTim SA
Mar 29, 2022 · Donate to a SARS approved/ registered Charity Fund; Join a Medical Aid Scheme; Keep a logbook if you receive a travel allowance; Keep a logbook if you drive a company car; …
Freelance Income from International Clients on ITR12? - TaxTim
TaxTim says: 5 February 2015 at 8:43 You would need to include the income in the "foreign income" section of the return and translate the income using SARS average exchange rate or …
Foreign Income Tax for SA Residents - TaxTim
Mar 3, 2022 · Jessica received a foreign dividend of R 10 000 ($ 662) on shares listed on the New York Stock Exchange. She is on a marginal tax rate of 45% and she owns less than 10% of …
Overseas income | TaxTim SA
May 9, 2022 · c. The foreign medical aid you can claim under the additional medical section on your tax return. If the pension fund is approved by SARS then you will be able to deduct the …