Can the offshore tax law dates be changed?

  Written by Marc   Posted 12 December 2015

My husband works offshore on a ship for a few years now. We understand about the 183 days out of SA to be exempted from paying tax in South Africa. However, there was 3 months in this year where he had no work, so he might be a few days under the required amount of days needed to be exempted. I have heard that one's tax year does not have to fall under the same dates as the financial tax year? Is that correct? If so, can one use 12 months prior or after those 3 months he was at home, to still ...

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Jointly owned rental property and non-mortgage interest.

  Written by Marc   Posted 11 December 2015

A rental property is jointly owned by two individuals. There is no registered bond over the property, however each part owner has contributed funds to purchase the property. Can a loan be created and interest charged on this loan to each of the owners and a corresponding interest deduction against the rental be claimed?

On ITR12 do I fill in local assets/liabilities at cost?

  Written by Marc   Posted 11 December 2015

What does local assets and local liabilities (at cost) mean

Percentage of annual commission deducted

  Written by Marc   Posted 11 December 2015

I am in sales and earn a commission at the end of the year. I would like to ascertain how much of that I will be losing to tax. Is there a formula or a percentage?

Broken service

  Written by Marc   Posted 10 December 2015

I was unemployed until 03 Aug 2015, but still get deducted the normal monthly PAYE. How do I work out what I should have paid in tax for broken service? presumably this will result in a refund in 2016, correct?

What cost to use for Travel Allowance?

  Written by Marc   Posted 10 December 2015

What cost of Motor Vehicle to use for Travel Allowance? Original new cost or second hand cost actually paid?

Do you have to pay CGT with your first provisional tax payment?

  Written by Marc   Posted 10 December 2015

We are completing our 1st provisional tax return for our property company, and because we have disposed of properties in the last 6 months, this has triggered a Capital Gain which is payable to SARS (we donâ%u20AC%u2122t have any assessed losses which we can utilise). Our question is quite simple. Do you have to pay over the CGT to SARS with the 1st provisional tax payment, or can you defer it to your 2nd provisional tax payment?

Ideally we would like to push this out by 6 months to...

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I have recieved a statement of account from sars, but it does not state when SARS will pay me, will

  Written by Marc   Posted 10 December 2015

I have just received a statement of account from SARS, but it does not state when SARS will pay me, will I need to contact them or something?

IT3b on loan accounts for tax purposes?

  Written by Marc   Posted 10 December 2015

If you earn interest on loan accounts from your company and the company do not issue IT3b from the company what do you use as supporting docs for interest income?

Can I still query my statement of assessment after the tax returns deadline?

  Written by Marc   Posted 10 December 2015

I completed my first tax return via SARS eFiling early November (I have only been working for two years). After the SARS eFiling deadline, I checked to see my statement of assessment, and found it be by -20 cents. I am not sure if I filed correctly, but I was expecting a larger tax return. Is it too late for me to re-submit or correct my tax return, even though I initially completed it before the tax deadline?

Maximum tax benefit for provident fund and annuity contributions from myself

  Written by Marc   Posted 10 December 2015

Can I get a tax benefit for a provident fund that I contribute to as well as an annuity at the same time?

Delay of refund due to audit and outstanding tax returns from 2005/2006

  Written by Marc   Posted 9 December 2015

I have enjoyed many years of good refunds from SARS. ( round about R30 000. 00 per tax year) This year I had an audit and they then issued a letter of completion but flagged my account for an outstanding tax return for 2005 and 2006. With great difficulty I managed to get a copy of 2005 IRP5 but could only get proof of salary for 2006. These years of income were very small and simple as there was only a small car allowance to factor in. I have subsequently been selected for audit again on these small tax returns. My questions are :...

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Monthly tax multiply by 12 months

  Written by Marc   Posted 9 December 2015

how is bonus calculated?

A copy of a company's EMP103

  Written by Marc   Posted 9 December 2015

How do I obtain a copy of a company's EMP103 registration certificate?

The company (an NPO) registered in 1992 and the certificate is not to be found

Capital gain and recoupment consideration?

  Written by Marc   Posted 9 December 2015

When you sell a property at a profit. Should there be a recoupment in your tax return as well as a capital gain? I. E. You reverse any deductions that you have received over the life of the asset via the recoupment, and then the proceeds are reduced by the recoupment and the deductions are reduced against the base cost.

Query with obtaining old IRP5?

  Written by Marc   Posted 9 December 2015

SARS is requesting an old IRP5 which I don't have as its 5 years ago, My previous company doesn't exist anymore. I have contacted the accounting co at that time they also don't have it. Now SARS refuses to pay me out until I get the Old IRP5 from 5 years ago. Please assist how to go about getting this sorted

ITR12 for expats.

  Written by Marc   Posted 9 December 2015

I currently live and work in the United Kingdom. Should I fill out the ITR12 as Unemployed? All postal correspondence is posted to my mother's address. Should I give my physical address in the UK and postal address as it is at the moment?

Alimony for tax purposes?

  Written by Marc   Posted 8 December 2015

Do I have to declare the alimony I receive every month from my ex husband

Qualifications to pay tax?

  Written by Marc   Posted 8 December 2015

How much per annum must you earn not to pay any income tax

Calulate tax on leave

  Written by Marc   Posted 8 December 2015

How to calculate tax on annual leave - wage paid fortnightly (every 2 weeks)

Tax on leave money

  Written by Marc   Posted 8 December 2015

My staff wages is payable fortnight - do I deduct tax on their annual leave money?

Unsure how this calculation works for medical tax?

  Written by Marc   Posted 8 December 2015

Why is the medical tax credit multiplied by four.

Late submission of supporting documents

  Written by Marc   Posted 8 December 2015

I submitted a tax return on SARS eFiling. A letter requesting supporting docs was issued but I neglected to upload within specified time. An additional letter was issued 21 days later, when our practice was closed for the December holidays. Once the additional assessment was issued I only realised that the documents were never submitted. I uploaded the documents on the open link. The Sole Proprietor's expenses was denied against his income and now has a massive tax debt. During the year I submit...

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Code 3901 on IRP5, no payment received nor entitled to receive

  Written by Marc   Posted 8 December 2015

My previous employer added an item to my IRP5, code 3901, for the amount of 134062. My reading of 3901 is for gratuity related to retrenchment, retirement or death. I did neither of the three, I simply resigned. Then of course, there was no such payment received by me, yet the employer claim there was. I cannot see how I can be expected to pay tax on something I did not receive nor did not qualify to receive. What to do now?

SARS audit again!

  Written by Marc   Posted 8 December 2015

I submitted my tax return for 2014/2015 tax years and they said I have to be audited until I bring an affidavit proving that I only worked for short periods during those tax years. I was unemployed so did 2 jobs of 4 months each. I went back the next day and submitted my affidavit. I got at sms saying I will only be refunded 31/01/2016 and the amount could change. Why would they audit me they can see I did not have any other work?
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