Study loans - how does it work for tax?

Posted 23 June 2015

If I took out a personal loan to pay for a course on the internet to further my studies, can I claim anything back on the loan. The course is in a different line of work so the company will not pay for it. Regards

Can I get IRP5 from accountants?

Posted 23 June 2015

Am working for a construction company can I demand an IRP5 from our accountants?

Provident fund tax

Posted 23 June 2015

How do I calculate the tax from the Provident Fund lump sum when resigning. I just want to have an idea of how much I will take home. Thank you.

Can I claim medical expenses if I did not pay any tax ( 4102)

Posted 23 June 2015

On my IRP5, no tax was deducted during the year. I did work only part of the year, as I was very ill. My income per month is above the threshold, but the employer took it over a year. I do have a lot of medical expenses paid out of my pocket. Can I claim from SARS?

Do I have to submit a tax return

Posted 23 June 2015

Do I have to submit a tax return if I am making R108000 annually?

Married ICP (should we not be taxed as a couple i.s.o.a single person)?

Posted 23 June 2015

My wife and I are married In Community Of Property (Feb 1977). She stopped work 2002. Why do I still pay so much tax. My income is from my pension (Investment) and I do odd jobs throughout the year. My wife has no income. Should'nt we be taxed as a couple (2 People) instead of me being taxed as a single person? I submit my Tax Return on E-Filing.

Fringe Benefits

Posted 23 June 2015

Hi
Question: Fringe benefit calculation query on the use of motor car. If a car has a maintenance plan per the definition in the 7th schedule but the plan is an optional extra do you include it in the determined value when calculating the taxable fringe benefit post March 2011?

Prior to March 2011 would you of included an optional maintenance plan in the determined value of a motor car?

REFUND ON PENSION PAYOUT

Posted 23 June 2015

Good day I GOT MY PROVIDENT PAYOUT LAST YEAR JULY , GOT ,Y IRP5 FROM THE PENSION FUND WITH AN AMOUNT OF R139686 UNDER CODE 3920 AND 139686 UNDER 3698, I ONLY STARTED WORK NOW AT A NEW COMPANY SO DIDNT PAY TAX ONLY FROM NOW AS I ONLY STARTED AT A NEW COMPANY NOW SO I ONLY HAVE THE ONE IRP5 SO I ONLY USE THE ONE ON eFILING DO YOU THINK I WILL GET A REFUND ?

Medical aid waiting period - will SARS pay back payments made?

Posted 23 June 2015

I changed medical aid schemes at the end of December 2014 from Sizwe to Discovery. I had a 3 month waiting period where I still had to pay our contributions (my employer too), but I enjoyed no benefits in January and February 2015. Will I get something back from SARS for this?

Help in doing my tax

Posted 23 June 2015

I have been struggling with Tax returns and seem to have to pay in many thousands every year - and I need to know why. I would like assistance in completing. Also I already have an online SARS account and the IRP5 etc get auto loaded. Which of your options would be best?

IRP5 from previous employer - do I need to submit a tax return?

Posted 23 June 2015

Between January 2014-September 2014 I used to earn R3750 a month at my previous employer, no tax was deducted. At my new place of employment, I earn R8500 per month and tax is deducted. Do I still need to submit a tax return? My old employer told me that there was no need for me to give them my tax reference number even though I was registered with SARS. Do I still qualify for an IRP5 from my previous employer>

How do I find out if I am registered or not without going to sars

Posted 23 June 2015

Hi tax tim. I got an irp5 but I am not sure if I am tax registered or not.

First timer currently not registered with SARS

Posted 23 June 2015

I am permanently employed for 2 years and prior to that I was temping for the same company for 4 years. My salary is currently R7000 after med aid, tax and pension deductions. Do I need to register for tax and submit a return?

I earn a gross salary of R13 520 per month do I have to submit IPR5 forms to SARS?

Posted 23 June 2015

I earn a gross salary of R13 520 per month do I have to submit IPR5 forms to SARS

Should I register as a taxpayer before hand?

Posted 23 June 2015

I am not yet in the tax bracket but will be next year is it better to register before hand?

Must a capital gain be included in the first provisional return for the year when the gain is made?

Posted 23 June 2015

My company sold a property in April 2015. The tax year end is February 2016. Would the capital gain on the sale of the property have to be included in the first provisional tax return in August. The company has never actually traded and has no basic amount.

Help me to know if I qualify to pay tax?

Posted 23 June 2015

I am permanently employed and receive the basic salary of R2600. 00 p/m excluding overtime. Do I have to pay tax?

If I pay to make use of state hospitals, does this count as medical expenses?

Posted 23 June 2015

Hi, I am not on a medical aid, but have paid privately to have some tests done and have also paid a fee at a state hospital according to my earnings. If I have the receipts do these count as deductions?

Tax implications of trading Equity, Bonds, Derivatives, Money Market and Forex.

Posted 23 June 2015

What are the Tax implications of trading the following asset classes Equity, Bonds, Derivatives, Money Market and Forex.

Tax eFiling Assistance Required

Posted 23 June 2015

I want to file my return for assessment year 2014 and 2015 both. I have IRP5 file available to me provided by my employer. Please let me know how can you help me as I have some other Tax questions as well.

Loan from UK - treatment for tax purposes?

Posted 23 June 2015

My brother in law is a UK citizen, and wishes to gift his brother, my husband, a sum equal to R1.2 million rand. My husband is not South African, but a permanent resident here. It is his wish then to pay our mortgage bond here in SA with that money. What are the tax implications if any? The bond is registered in my name only. Do we have to declare the money?

If a company generates less R250k per annum does it file return?

Posted 23 June 2015

If a company generates less R250k per annum does it file return?

What constitutes "place of work?"

Posted 23 June 2015

Travel Allowance: SARS says that travel between home and place of work is considered private and may not be claimed. What constitutes my "place of work"? I am a pastor. I do not have my own office at the church building where I am employed, but I often travel to the church during the week to see people or attend meetings. Am I allowed to claim those trips to the church building as work km's?

What Gross earnings/profit does the business have to earn before being laible for tax?

Posted 23 June 2015

What is the tax threshold for a business? What Gross earnings/profit does the business have to earn before being laible for tax?

2 examples of indirect taxes and current rates

Posted 23 June 2015

2 examples of indirect Taxes and indicate the current rates of taxation on each?
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