VAT Registration in person
Posted 1 December 2015
I need to register for VAT, I have completed the VAT101 form and attached all the necessary required documents. Must I submit this myself in person or could my wife who is my bookkeeper and has Power of Attorney be able to submit my application form?
Investment income whilst being in the UK
Posted 1 December 2015
I earn R3000 per month from an investment and this is my sole income. I invested in July 2015. I have been in the UK since July so might be classed as a non permanent resident for tax. While in the UK I have not earned any income and if I have in the past I have paid UK tax. Do I need to file a tax return for this year and get an ITb3 certificate from the bank
Can I get my refund even if I submitted my returns late?
Posted 1 December 2015
I submitted my tax returns late and the tax calculator showed that I have a refund. Will I still get the refund even when I submitted late?
Tax on retirement gift from a Church to a Pastor
Posted 1 December 2015
Our church wants to donate a parting gift to a retiring Pastor of between 500000 and 750000. Will the church have to pay donations tax or will the retiring Pastor have to pay tax on this amount?
Does Base Cost include interest over time?
Posted 1 December 2015
I am selling a rental house. Will the interest on my bond over the period of ownership be part of the base cost?
Is it a must to register at SARS?
Posted 30 November 2015
Is it a must that each and every person must register to SARS when they are employed?
Can employer deduct medical tax credits from employees tax but the employee is paying the medical ai
Posted 30 November 2015
Employer pays a basic salary to employee of R28 000,00 per month. There is no fringe benefits. Employee pays a medical aid scheme for himself his wife and 4 children. Employee shows proof of his medical aid to employer. Can employer deduct the medical tax credit of R1264 from the monthly employees tax. That is R5171 less 1264 =R3907. And then when doing the employers recon the IRP5 will only have the earnings of R336000,00 (under the 3601) and employees tax R46884 and no other codes except for u...
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Move from a Tax Consultant
Posted 30 November 2015
I am at present using a tax consultant. How do I transfer to doing my own tax return with the help of Tax Tim?
They have all my records etc.
I would like to know what is IRP5 is?
Posted 30 November 2015
I just want to know what is IRP 5 CERTIFICATE FOR LUMSPSUM. Ian if the say gross lumpsum is 7500 what that means. Can I get the best explanation please. Thnx
How do I get a number
Posted 30 November 2015
How do I get a tax number I have pay income tax on my salary per mouth with work but don't have a tax number?
Out of pocket medical expense for dentist.
Posted 30 November 2015
I'm 25 years old, my annual income is approximately R264000 and I'm also paying my own medical aid at a rate of R1710 p/m with no other dependents. I'm considering the possibility of having severe dental work done on my teeth that will be a R150000 out of pocket medical expense. How much of this will I be able to claim back from tax?
What do I expect from a mixture of employment and individual contractor at end of tax year?
Posted 30 November 2015
I was an employee up to 31 October 2015, then I resigned to work for another institution as an individual contractor. I am rated hourly and paid according to hours worked for the month. The institution deducts income tax from total income. What do expect at end of tax year?
As far as I know over the counter medical expenses cannot be claimed
Posted 30 November 2015
As far as I know over the counter medical expenses cannot be claimed, unless it is on doctor's prescription. You say I may claim it?
No IRP5 on liquidated company
Posted 30 November 2015
The company my wife has worked for has been liquidated in September 2014. She has worked for them form January 2014 until September 2014. Subsequently she hasn't received and IRP5 because of the liquidation (there is a case pending and they say that they cannot issue the IRP5 until the court has made a decision). She does however have payslips and the company did pay tax in the time period she worked for them. She also has a letter from the auditor explaining this. What do we need to do on SARS ...
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Tax on Rental Income
Posted 30 November 2015
Dear Sir/Madam
I am South African, but living and working in Kuwait. Back in Durban I own 2 properties which are rented out to tenants. Property 1 - rental income is R6200. 00 pm, monthly bond is R3500. 00, rates is R1600, monthly levy is R850. 00. Property 2 - rental income is R4500. 00, bond is R3550. 00 pm, rates is R350. 00, Levy is R700. 00. I have no other source of income in SA. Do I pay tax to SARS?
I was a registered tax payer whilst I worked in SA. But no longer....
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Does that mean I owe SARS?
Posted 30 November 2015
I received an SMS after submitted my IRP5 "said" assessment type : additional: amount Due by you: audit: N : first payment 01-01-2016 and 2nd 31-01 -2016 does that mean I should pay money?
Do I have to spend 63 days out of the country before 28 February 2016 to not pay tax?
Posted 30 November 2015
I live and work in Malta but travel back to South Africa frequently. I did not have to pay tax for the 2015 tax year because I did 63 days out of the country starting in March 2014 and spent the relevant amount of time not in SA. In 2015 I incorrectly assumed that a day spent in transit did not count, but because in OR TAMBO you have to enter with your passport, I have not done 63 days for the 2016 tax year. Do I have to do 63 days out of SA before 28 February 2016? I read somewhere that the mon...
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Completion Letter
Posted 29 November 2015
I was selected for audit. I have been waiting for more than 21 days now. I received a letter yesterday in my SARS eFiling profile - completion letter what is going to happen now.
ITSA issued
Posted 29 November 2015
I lodged my tax return, and was then requested to upload supporting documents for review. Three weeks past and now there is a ITSA (statement of account) - does this mean the review has been completed?
Non-resident donor tax
Posted 29 November 2015
If my brother is a non-resident (USA citizen) and he donates money to me as a South African citizen is there donations tax and if not - do I still need to notify SARS of having received the donation?
My IRP 5 not reflecting on my eFiling profile
Posted 29 November 2015
Why does my IRP 5 tax certificate not reflect on my tax profile, even though it was electronically submitted by my employer?
9857 - LUMP SUM DECLARED BUT DIRECTIVE OUTSTANDING error when calculating.
Posted 29 November 2015
9857 - LUMP SUM DECLARED BUT DIRECTIVE OUTSTANDING error when calculating.
What does this mean?
Taxable Income states eg -R40000 will this be paid to you or do you have to look at the calculated r
Posted 29 November 2015
If you calculate your information on SARS SARS eFiling and you calculate and it says Taxable Income states eg
-R40000 - is this what will be paid to you or do you have to look at the calculated result?
Tax on 2 incomes after increasing monthly tax
Posted 29 November 2015
How does SARS tax 2 incomes? Monthly salary and pension income. Paid SARS thousands last year and this year again after 'upping' my tax by R2000 per month?
eFiling registration form's name.
Posted 29 November 2015
I need to fill in the registration form and fax it to SARS together with my ID copy so that my SARS eFiling registration is completed. My problem is that I cannot find the registration form, what is the name of this registration form? When I received an sms from SARS to fill in this form, the name was not there so I am stuck, please help.
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