Sars Monthly Deduction Tables 2013 PDF
effective date 2013.03.01 monthly tax deduction tables (2014 tax year) paye-gen-01-g01-a03 revision: 5 page 2 of 18 monthly deduction tables
TAX TABLES 2013/2014 Income tax: Individuals and Trusts Tax rates (year of assessment ending 28 February 2014) Taxable Income Rates of Tax 0 - 165 600 18 % of each R1
TAX DEDUCTION TABLES (2013 TAX YEAR) PAYE-GEN-01-G1 Revision: 2 Page 1 of 7 ... Commissioner The Commissioner for the South African Revenue Service. ... tables A monthly remunerated employee under the age of 65 receives a salary of
TAX TABLES 2012/2013 Income tax: Individuals and Trusts ... • Individuals who are 65 years and older still have the benefit of a medical aid tax deductible deduction, subject to no ... Buget speech 2012 / 2013 VIP Tax Calculator SARS Pocket Guide.
SARS Tax Tables Download this report and save it on your desktop for quick tax table access 24/7 In this report you’ll find: Income Tax: Rates for the 2012/13 tax year, Retirement
on the SARS website under Legal & Policy ... Act, 1962. Travel Allowance A log book confirming business kilometres travelled must be maintained in order to claim any deduction for business kilometres. PAYE must be withheld by the ... The monthly taxable value of a company car is 3.5 ...
Tax Guide Budget 2013 ú acquired by the employer under an operating lease the taxable value is cost incurred by the employer under the operating lease plus the
effective date 2012.06.08 monthly tax deduction tables (2013 tax year) paye-gen-01-g01-a03 revision: 4 page 1 of 19 monthly deduction tables
EFFECTIVE DATE 2012.03.01 ANNUAL TAX DEDUCTION TABLES (2013 TAX YEAR) PAYE-GEN-01-G1-A4 Revision: 3 Page 1 of 58 ANNUAL DEDUCTION TABLES Remuneration
Fourth Schedule are hereby withdrawn with effect from 1 March 2013. 3. The new deduction tables are known as the Weekly, Fortnightly, Monthly and Annual Tax Deduction Tables with an effective date 2013.03.01 and shall ... SOUTH AFRICAN REVENUE SERVICE SUID-AFRIKAANSE INKOMSTEDIENS No. 320 26 ...
Quick Tax Guide 2013/14 Simplicity from complexity 2 Deductions and ... Monthly credit amounts set at R242 each for the taxpayer and his/her spouse (or first dependant), and a further R162 for every additional dependant. Balance of ... medical deduction and excluding retirement lump sum ...
deduction of R350 000 . ... Taxpayers below 65 years of age are entitled to a monthly “tax rebate” (i .e . credit) in respect of any medical scheme contributions made for the ... Details of these amounts are published on the SARS website .
TAX DEDUCTION TABLES (2013 TAX YEAR) PAYE-GEN-01-G01 Revision: 4 Page 1 of 7 ... PAYE-GEN-01-G01-A03 Monthly tax deduction tables All ... Commissioner The Commissioner for the South African Revenue Service.
monthly charge of R550 applicable. ... 2012: In excess of minimum deduction above 2013: In excess of four times the tax credit received Plus medical expenses other than contributions ... where the tax tables for natural person apply but without
2013 year of assessment (1 March 2012 to 28 February 2013) ... Tax payable (incl. rebates) as per tax deduction tables R 1,424 Tax payable (incl. rebates bases) - before tax credit) R 1,889 ... SARS South African Revenue Service
TAX TABLES For the year ended 28 February 2013 R R R 0 – 160 000 18% of each 1 160 001 ... From 1 March 2012 the monthly deduction for medical aid ... benefit organisations has been issued by SARS. Home study expenses A deduction will only be allowed if the study is used exclusively
South African Revenue Service Government Notice 320 Income Tax Act (58/1962): ... Fourth Schedule are hereby withdrawn with effect from 1 March 2013. 3. The new deduction tables are known as the Weekly, Fortnightly, Monthly and Annual Tax Deduction Tables with an effective date 2013.03.01 and shall
the monthly payroll including directors’ fees. VALUE ADDED TAX ... effect in respect of interest accrued on or after 1 January 2013. The tax will be at the standard rate of 15%, subject to double tax ... Separate tables apply to lump sums from approved pension,
This SARS pocket tax guide has been developed to provide a synopsis ... monthly contributions to medical schemes ... on the medical scheme and R154 for each additional dependant. When determining taxable income they can also claim a deduction for medical
New personal tax tables for individuals for the 2013 / 2014 tax year Taxable income Rates of tax 0 ... Monthly medical tax credits for taxpayers under age 65 ... SARS is working with the Department of Home Affairs to do this.
effective date 2011.03.01 monthly tax deduction tables (2012 tax year) as-paye-05-g1-a3 revision: 1 page 2 of 18 monthly deduction tables tax tax
Monthly tax deductible contributions for a member and first ... benefit organisations has been issued by SARS. Home study expenses A deduction will only be allowed if the study is used exclusively ... be disclosed to the South African Revenue Service if and when applicable. Immigrants
SARS e@syfile submissions. ... • The new tax tables are to be applied as from 1 April 2013. An email containing the tax changes has been sent to all our Lesotho users. ... deduction and company contribution will then recalculate and
(Year ending 28 February 2013) Taxable income as exceeds But does not ... monthly tax credit plus all qualifying out-of-pocket medical expenses exceeding 7.5% of taxable income (before medical deductions and excluding retirement lump sums benefits) as a deduction. • Under 65 years of age and ...
Year of assessment ending 28 February 2013: Taxable Income R Rate of Tax R 0 - 160 000 ... deduction for pension contributions or R1 extent that they exceed 750. Arrear Retirement ... Monthly taxable benefit from 1 March 2011: 3,5% of the determined value ...
In your interest 2013/2014 OCTAGON 2013.indd 1 2013/02/13 9:22 PM. CONTENTS Page ... corporations, unless a tax deduction directive is issued by SARS. ... Monthly average rates as published by SARS: US$UK£ e AUS$
Monthly amounts deductible from tax payable 2012 2013 ... • The deemed employee may apply to SARS for a tax directive for a lower rate of tax to be applied ... No deduction is allowed where the expense did not constitute income in the
PAYE deductions are required to be paid over to SARS according to Tax Tables applicable for the tax year ending 28 February 2013. ... directives from SARS to reduce this percentage deduction, ... to SARS between monthly EMP201 submissions and employee income declaration certificates but
A deduction from taxable income will be allowed for: ... of the monthly payroll including directors’ fees. VALUE ADDED TAX ... effect in respect of interest accrued on or after 1 January 2013. The tax will be at the standard rate of 15%, subject to double
AS-PAYE-05-G1-A3 Monthly tax deduction tables All ... Commissioner The Commissioner for the South African Revenue Service Computerised employer Employer with a PC which has the e@syfile software installed
and retirement annuity funds with a minimum annual deduction of R12 000 and an annual maximum of R200 000. 3 ... SARS implemented the new penalty regime on 23 November ... are made in terms of the PAYE tables, on a monthly basis. SITE
www.sars.gov.za, on the 2013 Tax Season page. ... in order to make sure that SARS takes the deduction into account. ... from 1 July 2013. The tax tables are available on our website. Please make sure you have a full system backup and that your
Monthly Update April 2013 Jens Accounting & Consulting Inc | www.jens.co.za ... either March or April 2013: New tax tables ... year must be made by 30 April 2013. Finally, SARS has advised that the 2013 Employer
the 2013 withholding tables as soon as possible, but not later than February 15, ... No deduction is allowed to the corporation for any ex- ... (For Wages Paid in 2013) Table D(1)—MONTHLY PAYROLL PERIOD ...
INCOME TAX 2013 / 2014 Taxation of retirement provision in South Africa is based on the E ... Individuals can also claim a deduction of R1 800 per year for arrear contributions. ... Tax tables for lump sum benefits are applied on an accumulative basis ...
Monthly tax credits will be increased from the proposed R216 to R230 for ... taxable income, they can be claimed as a deduction against taxable income. ... by SARS. 2. Voluntary disclosure programme
With effect from 1 January 2013 non-residents will be subject to a 10% withholding tax on interest, ... this deduction. Donations Qualifying Institutions Current Pension Fund Contributions ... Monthly taxable benefit from 1 March 2011 3,5% of the determined value ...
A deduction from taxable income is allowed for: ... Careful consideration should be given to the instances when SARS ... Separate tables apply to lump sums from approved pension, provident and retirement annuity funds, including approved
TAX RATES FOR THE YEAR OF ASSESSMENT ENDING 28 FEBRUARY 2013 ... Other taxpayers under 65 may in determining tax payable deduct monthly contributions to medical schemes, a ... determining taxable income they can also claim a deduction for medical scheme contributions exceeding
INTRODUCED BY SARS WITH EFFECT FROM 1 MARCH 2010 ... Based on total distance traveled and vehicle cost tables allowed by SARS ... Monthly P.A.Y.E Deduction Monthly Travel Allowance (Say) Rpm R11,588 Rpm R11588 Rpm R11588 Rpm R 9,933 .
The monthly Medical Tax Credit values are R230 per month for the main member, ... The new Tax Deduction Tables will also be applied to R.S.A. Dormant Companies which are in the 2012 ... soon as the final Validations for IRP5s for the 2013 Tax Year is made available by SARS.
available on the SARS website under Legal & Policy ... travelled must be maintained in order to claim any deduction for business mileage. The deemed mileage formula has now fallen away. PAYE must be withheld on 80% of ... January 2013 • Royalties – all amounts paid to non-residents ...
pocket expenses as a deduction against their taxable income. ... monthly tax credit in respect of their medical scheme contributions and may deduct their out of pocket expenses against their taxable income. The recently enacted ... SARS has traditionally allowed deductions for income ...
Monthly tax credits for medical scheme contributions will be increased ... annual deduction of R350 000. ... costs are kept are determined by using the following table effective 1 March 2013. Africa Mozambique New tax tables are expected to be released in April 2013.
If you are renting or leasing an asset, you can deduct your monthly rent/lease costs as an expense. Usually only the owner can depreciate a capital asset. ... MACRS tables, you can compute the deduction for each asset in the year it is placed in service and each subsequent year of its class life.
With effect from 1 March 2013, ... Greater of 15% of qualifying income or R3 A deduction for business travelling expenses may only be claimed against 500 ... Actual costs may be used instead of the tables. 80% of the allowance is subject to PAYE. However, ...
Define lookup tables for calculations such as Medical Aid. ... View current tax tables on screen. View the tax deduction per earning on screen. ... SITE and PAYE split immediately available. Tax travel allowances according to the SARS requirements.
• Unlimited earning and deduction types can be defined. • Process weekly, fortnightly and monthly paid employees.. ... 12 numeric fields, 6 date fields, 6 Yes / No fields). • These fields can be used in both formulae and lookup tables. • Create multiple income, deduction, ...
Budget 2013 2 Budget 2013 27 February 2013 ... Monthly tax credits for medical scheme contributions will be ... for each additional beneficiary. The amendments will come into effect from 1 March 2013. Travel allowances The deemed cost tables for travel allowances has increased as well as the ...
Budget 2013: Individuals Tax Tables: Tax Rates: Individuals and Special Trusts 2013/2014 ... Taxpayers of 65 years of age and above are entitled to a monthly ―deduction‖ against taxable income ... oversight by the South African Revenue Service and the Department of Labour, will avoid ...