Med aid and RA on my IRP5?

  Written by Marc   Posted 12 November 2014

The amount on my IRP5 for code 3810/4005/4474 (all the same R23022) but more than the amount indicated on the medical aid tax certificate (R22092). Which amount do I use for filing purposes.

Also, I contribute to retirement annuity privately and for the period 1 March 2013 - 28 February 2014 paid R17080. do I put the same amount for code 4006/4007?

Depreciation/Wear and Tear

  Written by Marc   Posted 12 November 2014

Calculating Depreciation/Wear and Tear (note 47), does it apply to both provisional taxpayer and regular taxpayer ?Under which conditions can you claim for it ?

Receive ITA34 after being audited for 3 months

  Written by Marc   Posted 11 November 2014

I was audited by SARS from July 2014, received completion letter at the beginning of August 2014 then I was selected for further review but today I received an ITA34 I'm I getting my refund?

Income tax for taxi owners - how can I submit my return?

  Written by Marc   Posted 11 November 2014

How do I fill a tax return with an income from local trade- public transportation?

Tax Return Amount - is it correct?

  Written by Marc   Posted 11 November 2014

Does the money reflected on the e Filing site as a refund the same amount a person should expect or will it still be assessed and you could receive less/more than that?

Need clarification on whether an ITA34 means they have concluded your review by SARS?

  Written by Marc   Posted 11 November 2014

I would just like clarity on this. I submitted my return, they asked for supporting docs, I gave my tax certificate of medical aid only and then was issued with a ITA34 which said said I was due a refund.I don't have an ITSA, should we get both? See below. What I am unclear of is the wording, it says the assessment has been concluded but then later on it talks about info not matching and a review. I have looked back on previous returns I have done and it said the same and I got the refunds with no hassle. Just want to know if this is final now or may they come back and request more info or can I expect a payment in the next few days?...

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Status of tax return submitted via T-Filing

  Written by Marc   Posted 11 November 2014

I just made use of the new T-Filing method (very nice btw). I followed all instructions pertaining to enabling shared access via SARS e-filing. My question is thiswhat happens next? How do I know the transfer was successful, and is there anything left to do from my side?

What of form of tax do I pay if I am an SA resident employed and paid by a foreign employer?

  Written by Marc   Posted 11 November 2014

I am employed by an non-profit organisation based in the UK. I am a permanent resident of SA and I work from home. I receive my salary from the UK (monthly, with payslips) in GBP every month and I would like to know what I need to do to pay tax and what documents are required for SARS. Do I do a normal tax return?

can a tax payer claim for his umemployed spouse, medical bills?

  Written by Marc   Posted 11 November 2014

Can I claim for my wife's medical bills? she is unemployed, on chronic meds. she is not a member of my medical aid. All bills are my responsibility.

Tax implications of working in Germany

  Written by Marc   Posted 11 November 2014

I work in Germany, am taxed in Germany (heavily it seems). What are my tax implications in South Africa?
Do we file a return in Germany & South Africa?

My husband has been working in Germany since the beginning of 2013, and myself since March 2014.
We are in Germany for the entire time (visiting SA for maybe 1 month to 6 weeks a year).
We also pay for medical aid, and related German funds (church tax, solidarity tax, retirement taxes, etc)
We both have an Retirement Annuity running in South Africa too. ...

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2 requests to upload supporting documents - is that normal from SARS?

  Written by Marc   Posted 11 November 2014

I filed my tax and claimed for medical expenses - I had an operation I had to pay for privately. I uploaded the invoices upon SARS' request. They called me after about 3 weeks and asked me to further upload the receipts which I have now done. Will it take another 3 weeks for them to review the receipts?

Advantages of paying for own medical aid rather than employer's contributions?

  Written by Marc   Posted 11 November 2014

Is there any distinct financial advantage to paying for my medical aid on my own (therefore not involving my employer at all), rather than opting for my employer to contribute a portion (which would form part of my total cost to company)?

In both instances, the Total Cost to Company would stay the same - I understand that the contribution from the employer does not get deducted from the income earned and thus the tax on income earned stays the same, apart from the tax credit for independents. If this is correct, it would seem that the only benefits would be that the employee receives monthly tax credits rather than once per year. ...

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Are bank charges deductable wrt interest earned?

  Written by Marc   Posted 10 November 2014

I have a money market account and am charged a monthly fee. Can I deduct this from my gross interest?

Tax on small businesses?

  Written by Marc   Posted 10 November 2014

What if the Small business has had no profit, can I still claim from SARS

How do I claim the 2013 returns from SARS?

  Written by Marc   Posted 10 November 2014

Submitted 2013 returns this year and found out that SARS owe me a certain amount, how do I claim that amount from SARS?

What will happen if I owe SARS and I don't pay for decades?

  Written by Marc   Posted 10 November 2014

What will happen if I owe SARS and I don't pay for decades?

Manual Audit - what is the time frame and turnaround from SARS?

  Written by Marc   Posted 10 November 2014

I have been selected for a manual audit. How long could this take and what does it involve? I have sent through all documents today.

Who should claim the medical tax credit?

  Written by Marc   Posted 9 November 2014

I would like to find out if it is better to let my medical aid be deducted from my salary or is it better for me to pay it with a debit order, which method will be more beneficial.

Early retirement lump sum

  Written by Marc   Posted 9 November 2014

I am resigning in December 2014, but owe SARS about R5000. Will SARS deduct it with my pension lump sum tax?

How is tax calculated on on half-yearly payments?

  Written by Marc   Posted 8 November 2014

I receive an average monthly salary of R25 000 for which PAYE is deducted at the rate given in the PAYE table.
However, I receive an extra R30 000 twice a year. For these two months PAYE is deducted at the rate given in the table as if I was earning R55 000 every month! Is this correct? Must the R30 000 payments be taxed at another rate?

Reimbirsive travel allowance declaration for income?

  Written by Marc   Posted 7 November 2014

I would like to if, how do submit for taxable reimbursive travel allowance?

Can you help us do our CC's tax ourselves?

  Written by Marc   Posted 7 November 2014

We own a small business doing Tours and Transfers, registered as a CC with one owner. Can you assist us to do our tax ourselves, cutting out the accountant, but still qualifying for all possible tax exemptions and refunds?

How can SARS deduct R2500 from 7yrs ago (after a refund), and a further R2500 after I disputed it?

  Written by Marc   Posted 6 November 2014

Hi Tim. I have a major dispute going on with SARS as efiling didn't show that my return for 2007 was done manually. Being a new efiling user I was still learning the process. How can SARS be so inhumane when they have clearly made this service available to the common person and then charge us thousands for making a human error by clicking a wrong button. I submitted a return in error that should never have been submitted from 7 years ago (a year they rightfully refunded me I might add)... S...

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Depreciation claimed on my tax return?

  Written by Marc   Posted 6 November 2014

Can I claim depreciation on my laptop if it's older than 3 years and I haven't claimed before? If I can, how do I work out the depreciation value of the laptop? Thanks!

Where do I declare a secondary source of commission income in the ITR12 if the primary is on IRP5?

  Written by Marc   Posted 5 November 2014

I am an independent contractor operating out of a home office, and earned commission during the year from two sources, however only one of them deducted PAYE. That IRP5 is reflected on eFiling, however there is no section on the ITR12 to declare the second source of commission income. If I select the trade section of the ITR12 then I get a whole income statement to complete; if I do this must I include the IRP5 income as well? Also must I include all my expenses here or rather in the standard de...

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