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Employee tax

- strikamanf

Posted by strikamanf on Dec 7, 2013 in Business & Finance | 2 answers

employee tax SARS Tax VAT

If a company is not VAT registered, can it deduct employee tax through SARS?

Community Answers

12-19-13

TaxAssist SA says:

Yes you must deduct employee tax and pay that to SARS!! VAT and Income Tax is 2 separate divisions!!

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2-12-14

RICHARD says:

Winger Ltd has a total 500 ordinary shares, 100 of which are owned by ABC (Pty) Ltd. The Contributed Tax Capital allocable to the class of shares is equal to R500 000. Pursuant to a buyback, ABC (Pty) Ltd surrenders all 100 of its ordinary shares in exchange for R150 000. How much of the amount received by ABC (Pty) Ltd constitutes a dividend?

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