Tax Clearance Certificate?

  Written by Marc   Posted 17 August 2015

How long does it take to get a TCC renewal, over the counter at SARS? Can I send a representative? if so, what are the requirements/

Tax bracket if work half year only

  Written by Marc   Posted 17 August 2015

If I only worked 6 months of a 12 year tax period, should my final tax bracket be based on actual taxable income for the year (e. G. R200k taxable income for 6 months at 25% marginal) or at what the tax bracket would have been, had I earned that salary for 12 months, which would have been R400k (i. E. At 35% marginal)? I paid PAYE on the basis that I earned that salary for a full year (higher tax bracket), multiplied by 6 month/ 12 months. Therefore I feel I have overpaid when I look at my taxab...

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Home expenses when working from home and commission is less than 50 % of income

  Written by Marc   Posted 17 August 2015

If you earn a fixed salary and commission from the same employer and the commission is less than 50 % of the salary, can a deduction for home office space be utilised?
The employer confirms in writing that the employee works from home only and the employee incurred expenses to set up and amintian the home office. The salary was structured in a way to also include a Travel allowance and full logbook detail is being kept

How much do I claim back from r80 000 that was taxed from my provident fund paid out by employer

  Written by Marc   Posted 17 August 2015

I have resigned at work an received my pension whereas I was taxed nearly R80 000 how much am I suppose to claim back

How do commission earners get taxed?

  Written by Marc   Posted 17 August 2015

I earn a basic salary and earn commission every month. How do I know what percentage of my commission earnings will have to go to tax? I find it difficult to manage my expenses as I never know what percentage of my money will have to go towards tax. Are you able to tell me what these percentages are based on how much one would earn?

Can I claim the contributions made to my GAP Cover scheme?

  Written by Marc   Posted 17 August 2015

Can I claim the contributions made to my GAP Cover scheme under the "not paid by medical aid"?

I want to know how much tax I should pay?

  Written by Marc   Posted 17 August 2015

What is the amount tax to be deducted from a R11000 basic salary(nett income)the only deduction I have is my pension fund of 660 / UIF of 120 and my rent of the house im renting of 2205.

Equipment depreciation

  Written by Marc   Posted 17 August 2015

I am a self employed design consultant. I purchased a laptop I use for work late 2012, and have been depreciating it for the last 2 tax years (2013, 2014). My office was recently broken into and the laptop was stolen. Am I able to still claim depreciation on it (2015), even though it is no longer in my possession?
With the insurance payout I have replaced the equipment. Am I able to claim the full amount of the new equipment, or only the difference between payout and replacement cost?

Pay out waiting period from SARS?

  Written by Marc   Posted 17 August 2015

I've submitted my tax return 2 weeks ago and saw that I've received some refund. I would just like to know how long I will be waiting as most people say that it will on take one week.

"statement of assets and liabilities"

  Written by Marc   Posted 17 August 2015

Hi Tim,
"statement of assets and liabilities"
I dont remember seeing the field for motor vehicles on previous tax returns. Is it necessary to declare motor vehicles. . ?
Also: cash in bank accounts and personal effects. . . ?
thanks!

Travel/vehicle allowance not stated on my IRP5 by employer

  Written by Marc   Posted 14 August 2015

My previous employer never put a travel/car allowance on my IRP5 thought I travelled more than 40000km for them in 11 months. Can this be corrected? Unfortunately the consultant who did my returns for me already submitted without informing me before submitting about this issue. What can I do?

Tax on receiving death benefit from retirement annuity?

  Written by Marc   Posted 14 August 2015

I have a question about receiving the death benefit from a parent's retirement annuity payout. How will this affect my tax once I've received the payout?

When do I start paying tax when I'm only registered for tax on the 1st of June 2015.

  Written by Marc   Posted 14 August 2015

I have been employed and registered for tax the 1 st of June 2015, this being my first job. Do I still need to pay tax this year? When do I start?

Where does REIT (code 4238) get recorded on the IT12?

  Written by Marc   Posted 14 August 2015

Where does REIT (code 4238) get recorded on the IT12?

If one changes employment do they have to do 2 sets of submissions?

  Written by Marc   Posted 14 August 2015

I have changed Employment in November 2014. I left my previous employer end of Oct 2015 amd joined the current one in Nov 2015. I was on Travel allowance on my previous job and i'm now on a car allowance benefit. How do I go about in completing my SARS eFilling? do I need to have 2 set off IRP5's?

Is tax deducted before are after pension deductions?

  Written by Marc   Posted 14 August 2015

If my salary is R15000 pm and my pension contribution is 7. 5 % of my salary, do I tax the R15000 as the gross earnings or do I first deduct the 7. 5% pension from the gross salary before calculating the tax?

I have not proof of income to verify my return for 2010

  Written by Marc   Posted 14 August 2015

I just found out I need to submit my tax return for 2010. I have submitted it and I am due a refund for 2010. However they are wanting me to verify documents. I have not claimed for any medical expenses, RA's etc. I have never ever received an IRP5 form from my previous employers since I worked there. What documents do I send to SARS, as I do not have any payslips or proof for 5 years ago.

How much longer must I wait before I get my tax rebate?

  Written by Marc   Posted 14 August 2015

I have submitted my tax return on the 2/7/15. I had to submit my supporting docs on the 27/15,as I was chosen for an audit. Today is the 30th working day and still no tax refund. How much longer must I wait before I get paid out?

Tax return assessed but no refund

  Written by Marc   Posted 14 August 2015

My tax assessment was completed and verified and an additional assessment issued. My SOA reflects I am owed a refund even tho the ITA34 shows an adjustment to the original. My SOA says not selected for further verification, that was on the 15th of July and to date have not heard anything further or received a letter of completion. What could the delays be? On SARS eFiling it shoes that my tax is assessed. Thanks

How do I know if I'm due for refund is it the amount displayed in the ITA34 that's due to me?

  Written by Marc   Posted 14 August 2015

I would like to know what the ITA34 is and the amount it shows is it the refund due or what because I have submitted my tax returns for all the years and it all shows R0. 00. And I would like to understand how SARS makes calculations because my tax return for a company I worked for 1 month gave me a refund and I was earning very less than I'm earning now in the company I've worked for for 4 years but the tax returns for this company I get no refund. Many thanks and I have been reading other peop...

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Do I register for tax if I'm still waiting for permit

  Written by Marc   Posted 14 August 2015

I want to register for tax but I'm still waiting for my permit to be renewed will it be possible to register

Where do I get 20 years ago my IRP5

  Written by Marc   Posted 13 August 2015

SARS wants the 1995 1996 1997 IRP5 they say we didn't submit my employer doesn't have them what must I do its 2015 now please help?

What to include as taxable income for provisional tax calculations

  Written by Marc   Posted 13 August 2015

When calculating "taxable income" on an IRP6 should one include
- expected investment interest ?
- expected investment share dividends ?

Thank you.

Foreigner not yet working but receiving money from abroad

  Written by Marc   Posted 13 August 2015

I'm a foreigner living in South Africa. I don't work yet but I receive money from overseas from my family. Like R 30 000 or R 20 000. I want to have an importer code and they require personal tax. I'm scared to go to SARS because I don't know if I will have to pay tax while I don't even work

What are the tax implications for Voluntary Severence Package?

  Written by Marc   Posted 13 August 2015

What is the tax implication for Voluntary severence packages? Does it qualify for any severence benefits. According to general opinion, the first R500 000 is tax exempt?
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