Can you pay provisional tax once per year?

Posted 30 August 2015

Can you pay provisional tax just once per year in Feb

Comparatives for tax thresholds

Posted 30 August 2015

What was the requirement for submitting tax return for the following years. In terms of the threshold. 2011/12
2012/2013
2013/2014
2014/2015 = R350000

Im been audited and I want to know if I can complain to someone

Posted 30 August 2015

It says I have selected for Audit. For the last 3 years I have been requested to send all my documents through to SARS I have done so I have even fully explained on the IRT12 what other amount I claim each year for my Business Cell Phone Contract which is fully deducted from my payslip, I also keep a log book and my tax Certificates. This year I was only requested to verify Source 4016 which I did I sent all the Company Invoices which has the Cell Number on it and is addressed to the company I w...

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Where to record a donation

Posted 30 August 2015

Who must record a donation of R100 000? The donor or donee and where on the tax form must it be reflected.

How much tax for R41000

Posted 30 August 2015

How much will be deducted for tax if I claim provident fund for R41000

Can I claim depreciation on a personal vehicle even though I get a travel allowance

Posted 28 August 2015

I received a travel allowance and have a logbook, can I claim depreciation on my personal vehicle based on percentage of business usage

Earning income outside of South Africa.

Posted 28 August 2015

Hi Tim, Before I start a Tax Return I need to ask a few questions. I currently am working in the UK. I started in July 2014 to date. I submitted a tax return in SA for the 2013/2014 tax year, but my last income was January 2013 (paid tax on a Pension/provident fund early cash out for this period). I keep a current address, and still have a bank account, and assets such as a car, etc in SA. I do not own property. Under what circumstances would I be required to submit a tax return in SA, and if so...

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Do offshore workers pay tax ?

Posted 28 August 2015

I am working for a UK company in the offshore outside South Africa. I work 6 weeks away then 6 weeks in South Africa. I usually stay out of South Africa for more than 183 days but not 6o days consecutive. Being an offshore worker, am I still liable for paying taxes in South Africa?

Provisional Tax, should I submit?

Posted 28 August 2015

I get income through three sources:
- Salary
- Rental Income
- Affiliate Advertising Income

This year, I filled in my tax return (using TaxTim) indicating that I am (or should be a provisional taxpayer). However, my rental made a loss after all expenses and my affiliate income was really small for the year (less than R5,000 after expenses). I received the following from SARS in my ITA34 for 2015 tax season:
"According to the information you declared in your income tax return, you were liable to pay provisional tax for this year of assessment...

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I filed my return for 2012 since it was overdue now SARS is asking for supporting document and I do

Posted 28 August 2015

I filed my tax return for 2012 since it was overdue now SARS is asking for supporting document and I do not have my IRP5 with me.

How much I must pay/be paid?

Posted 28 August 2015

Thank you for submitting your income tax return for the 2015 year of assessment. Your assessment has been concluded and reflects an amount refundable to you of R -316. 36

Please note that this amount only reflects your income tax assessment and does not reflect tax payable under any previous assessment or any other balances on your account. The current balance on your assessed account is R 4621. 86. For a statement reflecting your final balance (including all amounts payable or refund...

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Earned R43000 comm earner year ended feb 2015, travel & depreciation R17000 will I get tax refund

Posted 28 August 2015

Earned R43000 commission only year ended feb 2015, have travel expenditure of R13800 with log book and depreciation of R4200 on my vehicle, will I get tax refund?

What expenses can I deduct to calculate my taxable income

Updated 28 August 2015

Please enter your Taxable Income. This is your Gross Income minus the business-related expenses from business or rental income. Also subtract any contributions to a pension fund or retirement annuity fund, donations, depreciation and other travel allowance deduction and any exempt income. Does this mean petrol, stationery, ink rent etc.?

Company changed trading name and I cannot get my 2011 IRP5 from new company

Posted 28 August 2015

Hi, I submitted my tax return this year 2015 and they owe me a refund, only to be asked for 2011 tax returns and 2013, 2014 when I filed I was not asked for 2011 tax return and I was paid refunds, when I check 2011 tax return on SARS eFiling it is black and I refreshed it still black. October 2011 I resigned, and joined another company that is the year my tax return is blank. And the company I resigned from I now merged with the other company and changed the trading name. When I contact them for...

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How much will I get if I start claiming my returns from 2013.

Posted 28 August 2015

I have been employed since 2013 and have not claimed my tax returns since then, so I would like to know how much I would get back if I claim this year.

I called my previous employer for my irp5, but they sent me an IT3a can I use it as supporting docum

Posted 28 August 2015

I called my previous employer for my IRP5, but they sent me an IT3a can I use it as supporting document.

Do you pay tax on leave pay outs?

Posted 28 August 2015

An employee wants us to pay out 10 days' leave? Is it taxable?

What to do when one hasn't filed for the last 4 tax periods?

Posted 28 August 2015

What to do when one hasn't filed for the last 4 tax periods?

What deductions can I as a homeowner claim for ?

Posted 28 August 2015

As a home owner can I claim for insurance, armed response,renovations?
There's no business on premises.

Request for vehicle purchase agreement

Posted 28 August 2015

I submitted my tax returns via eFiling, I also claimed for travel expenses refunds on 2 vehicles my tax returns were selected for verification by auditors who are now requesting for copies of purchase agreement for both vehicles. I have contacted the bank to request for the copy of my old vehicle as I no longer have one, they told me the document has been archived and promised to send it through as soon as they have access to the file. I have waited without receiving the document is there an al...

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Freelancer with multiple sources of income, what sort of tax do I register for and how do I sumbit?

Posted 27 August 2015

I am a freelancer working in the film industry. As such I have have periods of consistent work with a production company for a number of months, but also gain smaller amounts of income from private work on the side. Giving short courses and doing small corporate or private videos and edits. I am not registred as company and do all work as a private individual. How do I divide up my income, to sumbit for my tax return?
And what type of tax-payer would I register as?

This is my fir...

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What can I do now?

Posted 27 August 2015

I never received my IRP5 from my employer

Forgotten IT3 submission

Posted 27 August 2015

I've already submitted my IRP5 but I just found IT3 for an investment policy from last year and this year. Is it possible to still submit these or should I wait for the next tax window next year? What are the implications of this cause I don't want to discover that I own the tax man anything by failing this submission.

JUST FOR ARGUMENT SAKE.

Posted 27 August 2015

If you are retrenched and your provident fund is standing on an amount of R501200. 00. WHAT AMOUNT TAX WILL BE DEDUCTED?

Tax payable on savings?

Posted 27 August 2015

What % tax do you pay on interest earned on savings and or fixed deposit.
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