Learnership tax return

Posted 24 November 2015

SARS says that I have an outstanding tax return for 2010, I was on a learnership through BankSETA which did not contribute for PAYE and UIF, the stipend was R2500 a month. I see no historical tax return on SARS eFiling for that year but SARS consultants are adamant that I do the tax return. I received a UI-19 document from BankSETA stating it was a learnership and there was no UIF and PAYE. Should I take this document to SARS and will I need any other supporting documents?

Deduction for travelling to work

Posted 24 November 2015

Where do I enter my deduction for travelling to work as an independent contractor?

All I find is this:
"Did you spend any money on business travel which you do not get a travel allowance or reimbursement for? You must be a commission earner to answer Yes. Look for source code 3606 on your IRP5. Your Commission MUST also be more than 50% of your total income as stated on your IRP5. "

And this:
"Do you receive a travel allowance from your employer? Click Yes if source codes 3701 or 3702 appear on your IRP5, AND if you kept a vehicle logbook. "...

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What taxes would be applicable to my gross salary in UK?

Posted 24 November 2015

Dear Tim, I am a provisional tax payer in South Africa. What would my tax parameters be if employed and paid by UK company?

Income from consulting

Posted 24 November 2015

Where do I indicate my income from freelance consulting? I was not employed and thus did not receive an IRP5/IT3a from an employer.

Declaring financial derivative gains on the ITR12

Posted 24 November 2015

I earned income as the result of trade in financial derivates. I am not a professional trader and do this in my spare time. How do I declare this on the ITR12 and how do I claim expenses against this income? Is this defined as a business or as investing and capital gains? I used my home office and own equipment for financial research and online trading. In a previous answer you stated that this type of income can be declared on the ITR12 but somehow I missed it in the TaxTim Q&A process. When I ...

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Total tax withheld

Posted 24 November 2015

Good day, I've completed my tax return. Section 4149 on the completed form says "tax withheld". what does that mean?

Wrong IRP5 submitted by employer

Posted 24 November 2015

My employer submitted wrong IRP5. What do I do?

Do I complete my tax return if I started work in April 2015 earning R8000?

Posted 23 November 2015

I started working at my current company in April 2015 earning a gross of R8000, before I was earning R5800. Do I file for tax?

Provisonal tax versus monthly tax

Posted 23 November 2015

I am currently an independent consultant and I know I currently qualify as a provisional tax payer. Is there a way of paying my tax monthly (as a normal employee) by myself without having to pay the two major payment twice a year?

Can you assist with complicated tax return, involving extra income, provisional tax etc?

Posted 23 November 2015

My situation is pretty complicated. I am a provisional tax payer. I earn extra income for 3 properties, but also from a side business. All goes through my own personal bank account, so it is personal tax all of it. I am fully employed, however I was retrenched in 2014 June. I have an income protector and claimed from it for 2 months, until I started work again in September 2014. I have retirement annuities, medical aid etc.

Am I able to use your services effectively and accurately in...

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Tax on Receiving Foreign Funds over R100 000

Posted 23 November 2015

My mother is moving to RSA and wants to transfer an amount of R250 000 into my account to 'hold' for her until she sets up her RSA bank account. The amount is in EUR. I spoke to SARS who claim that I can declare it as 'non-taxable income/gift' in my tax returns. I asked them to clarify donations tax but they insist, it will not be counted as a donation unless I file an IT144?

a) is this true; every person and website I have checked with refer to donations tax @ 20% (on amounts > R100 000) ...

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Independent contractors - which form?

Posted 23 November 2015

1- If a person is an independent contractor which form do they fill?

2- What happens if they have not been paying provisional tax, are there penalties?

Verification of income tax declaration

Posted 23 November 2015

I have submitted my tax returns and they called for my 2013 tax return which I did, they then called for verification of income tax declaration for the PAYE amount. I then went to SARS to submit my IRP5 from 2013 to show them proof of my PAYE amount. This isn't a real complex case all they need to verify is my PAYE amount.

How long will it take them to pay out my refund with regards to the above case?

Out of pocket medical expense of R3920. Will that help my refund?

Posted 23 November 2015

Out of pocket medical expense of R3920. Will that help my refund? I have no medical aid.

Tax on allowance for laptop?

Posted 23 November 2015

Is there tax on laptop allowance?

Nedbank IT3(b) - which figure do I use?

Posted 23 November 2015

Hi, on my Nedbank IT3(b) certificate they have 3 figures for interest (Interest, Net Amount Paid and Net Amount Accrued). Which one must I declare to SARS ?

Need IRP5 from insolvent employer?

Posted 23 November 2015

I want to get my IRP5 from previous employer for 2012 tax year, but that particular company has gone insolvent, so I have no way of getting relevant information for that period, What do I do?

Does the employer and employee both pay PAYE?

Posted 23 November 2015

Is PAYE deducted to both the employer and employee? In the books of the employer is it 2x like the UIF or any other contributions?

Why do I have to pay R199 ?

Posted 23 November 2015

Why must I pay R199 to make tax returns?

Business Expenses - categorisation

Posted 23 November 2015

When declaring tax for my business I'm finding it hard to fit my business expenses into one of the SARS categories.

My expenses for the web hosting business mostly revolve around renting servers and software. What category would that fall under?

IRP 6 (3) - TOP UP TAX FORM

Posted 22 November 2015

Does your Provisional Tax Product include the  IRP 6 (3) which I understand is the form required for the 'top-up' tax?

Married couple rental income

Posted 22 November 2015

Regarding rental income as a married couple married outside of communion, do I list it as a partnership with 50 percent share or do I enter only half of the income and expenses and then don't list it as a partnership?

I have no IRP5

Posted 22 November 2015

What can I do if I don't have an IRP5?

Medical aid supporting documents

Posted 22 November 2015

SARS requested supporting documentation with reference to my medical expenses. Are you required to have the actual claims and payment receipts for medical expenses that were already covered by your scheme and appears on your tax certificate already (claims not recovered from the scheme)? For example, if SARS asked me for supporting docs would the tax certificate do? I don't have any other expenses - I submitted all my claims through my medical aid.

Medical Gap Cover - claimable

Posted 22 November 2015

I changed from a medical aid with gap cover to a hospital plan with gap cover. I don't have the gap cover tax certificate nor the expenses we paid cash for when on the hospital plan. Is this important to obtain? I think I may be able to get both.
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