Contract flying and Taxes???
Join Date: Oct 2005
Location: North of Antarctica
Age: 46
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"Not that this part is too important to me, because I now I know that I won't get taxed on my S&T because I get taxed on my basic."
That is quite correct, but just remember that the fact that you get taxed on your basic is not the deciding factor with regards to your S&T. The mere fact that you get paid S&T alone is good enough grounds for tax relief because S&T below the maximum is non taxable. If you want further tax relief on your basic you need to spend all that time out of the country.
Glad I could help, but like I said, better get a second opinion on this because there is always some other loop hole we don't know about! I am pretty sure though, that if you follow the basic guidelines you should be able to claim all your tax back - see, contract flying is actually GREAT!!!
Cheers
That is quite correct, but just remember that the fact that you get taxed on your basic is not the deciding factor with regards to your S&T. The mere fact that you get paid S&T alone is good enough grounds for tax relief because S&T below the maximum is non taxable. If you want further tax relief on your basic you need to spend all that time out of the country.
Glad I could help, but like I said, better get a second opinion on this because there is always some other loop hole we don't know about! I am pretty sure though, that if you follow the basic guidelines you should be able to claim all your tax back - see, contract flying is actually GREAT!!!
Cheers
Join Date: Sep 2005
Location: East
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To understand tax is like well "hard" for me: Now who is a great tax Guru that KNOWS the laws regarding contract flying etc etc .... Hey give us names please. One bright Guru must stand out ....
Join Date: Oct 2005
Location: North of Antarctica
Age: 46
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There is no law regarding contract flying buddy. Tax law is tax law, and contract flying is nothing more than a South African citizen working abroad, and earning an income for services rendered outside of South Africa.
Any tax consultant or accountant should be sufficient to provide one with all the necessary information required to understand the basics. The details are only required if you end up in court!!
Any tax consultant or accountant should be sufficient to provide one with all the necessary information required to understand the basics. The details are only required if you end up in court!!
Join Date: Jul 2005
Location: africa, South of the Sahara
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Tax Guru's
The 183/60 day thing is only for income earned outside of SA. Read the tax return form!
Any income generated inside of SA is liable to be taxed. There is, however, a minimum. If you earn less than that (
) amount, it will also not be taxable. Contact Casper Vos on +27834502282, he will definately be of help.
Any income generated inside of SA is liable to be taxed. There is, however, a minimum. If you earn less than that ( ) amount, it will also not be taxable. Contact Casper Vos on +27834502282, he will definately be of help.
