Does disability influence the tax calculation on lumpsum pension fund payout?

Posted 9 October 2015

If I have been really receiving a disability income from my place of work, how does this affect my pension fund lump sum payout? Is disability taken into account when the lumpsum is taxed?

Can I claim for old returns?

Posted 9 October 2015

If I never claimed tax from 1994 to 2013 in my working period can I still claim if im not working at this moment.

Should I pay tax if earning that amount

Posted 9 October 2015

Im earning 1. 559. 20 per week do I need to pay tax

Savings

Posted 9 October 2015

I have a savings account with R40,000 with interest of 1,991. 28 this financial year. Does this need to be declared and if so where does it go on the tax form.

Tax refund waiting for me?

Posted 9 October 2015

Hi I'm currently unemployed since 2010 & dont have any banking details or cash. If possible? TaxTim can u please check if there is a refund dew to me & than deduct whats due to u from there?

Do I declare money sent from Abroad?

Posted 9 October 2015

I have been Living and earning outside of SA for 2 years now, most of the money that I have earned is invested outside of SA. I have however set money back to SA to cover misc expenses related to the rentl of my property. Does the money sent back to SA need to be entered onto my tax return? If so, how?

MEDICAL TAX CREDIT REFLECTED ON IRP5/IT3(a)

Posted 9 October 2015

1. I am retired and a deduction for my Medical Aid Contribution is made from my monthly pension. My Tax Certificate displays a basic Tax Credit (R257 x 2 x 12) which does not include the extra Tax Credit for claims submitted to, but not paid by, my Medical Aid Fund. My neighbour, on the other hand, who also has a deduction for his Medical Aid Contribution from his monthly pension, received his Tax Certificate which reflects a Tax Credit taking into account a basic Tax Credit (R257 x 2 x 12) as well as his claims submitted but not paid by his Medical Aid Fund...

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Car Allowance Capped / eFiling adjustment considered.

Posted 9 October 2015

Dear TaxTim. I only recently realised that SARS have been capping my yearly travel allowance (code 3701) at R66,000 which is my monthly car allowance x 12. Thanks for your feedback on that. I do however qualify for an allowance of R100,000 per year based on value of the car and log book total vs. Business km's. When doing my onlie eFiling, the system did allow me to reduce 3601 Income and increase 3701 by the same amount that I decreased the income 3601. I am hoping that this will then prevent m...

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My tax number please for work?

Posted 9 October 2015

I'v got a new job,now they want me a tax number,I don't remember it.

Just want my tax no

Posted 9 October 2015

How do I get my tax no?

UNDER 65 PAYE 2005 R4500 NET SALARY

Posted 8 October 2015

What was the paye amount for an individual under 65 years of age earning 4500 NET IN 2005??

Unemployed

Posted 8 October 2015

I was retrenched and I'm presently unemployed. I'm living on the interest from a lump sum investment which amounts to about R8000 per month. Do I need to pay tax?

SUBMITING A REVISED ASSESSMENT WHEN THE AUDIT HAS BEEN FINALISED AND THE REFUND PAID ALREADY

Posted 8 October 2015

i submitted my 2015 tax return, and was selected for audit. the audit has been finalised and the refund was paid. however now i just realised that i for got to declare some information on my tax return. is it possible for me to re-submit the tax return again.

Meaning for source code 4102 , a PAYE Credit of R13808,30 has been assessed against your.

Posted 8 October 2015

Meaning for source code 4102, a PAYE Credit of R13808,30 has been assessed against your ITR12 tax return. What is the meaning?

What are those supporting documents that I need to submit

Posted 8 October 2015

I have received an email from SARS saying my income tax has been identified for verification and I must submit my supporting documents on my SARS eFiling. What are those supporting documents that I need to submit, if I don't have invoices,medical certificate or travel book. Is it the IRP5 still a supporting document?

Audit Review

Posted 8 October 2015

Hi Tim

I was retrenched and received my provident payment in March or April 2014 so now for 2015 submission I submitted the provident IRP5 and I also started with a new company in October 2014. The provident fund irp no tax was deducted but for my new employer there was but is was for total income less than R75000 for the 4. 5 months. I filed my tax return and now I received a letter for Audit review. From the looks of the calculation it seems SARS needs to refund me, how long does th...

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Gift of GBP

Posted 8 October 2015

Please would you let me know what the tax implications are for receiving a gift of GBP4000 into my RSA bank account. Thanks very much.

Meaning of tax credit ?

Posted 8 October 2015

What is a tax credit?

Did the employer calculated my PAYE correctly?

Posted 8 October 2015

Please assist with these calculations:

I earn 31650 pm = 379800 pa (no other benefits). On resignation an amount of R14240. 31 was due to me for leave days. A further bonus amount of R28 485 was to be paid plus R 1360 for travel claim. My payslip reflects a PAYE amount of R20691. 76. Is this correct? I think the employer got it wrong.

Is deducting PAYE and UIF from non S.A Citizens with no work permits permissible ?

Posted 7 October 2015

Can PAYE and UIF be deducted from non South African citizens who do not have work permits?

How do I undo selecting the wrong time period for a provisional tax return?

Posted 7 October 2015

Hey there TaxTim!

I'm doing my provisional tax return, and accidentally selected the wrong time period for it when requesting it. How do I undo this?

Business travel expenses for individuals vs. businesses

Posted 7 October 2015

Hi Tim, I'm considering taking a contract position. I live in Durban and the position is in Johannesburg. Which means I will be commuting weekly to Johannesburg and spending the weekend in Durban with my partner. Including the travel expenses and extra accommodation in my hourly rate drastically increases the tax that I will have to contribute, which means the opportunity is not that lucrative. I end up losing. Would it make more sense for the business to cover the cost of my weekly flights and ...

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Where do I find the Registration form to fax to them as they are requesting it with my ID

Posted 7 October 2015

Where do I find the Registration form to fax to them as they are requesting it with my ID

What are the requirements for a new company tax clearance certificate?

Posted 7 October 2015

What are the requirements for a new company tax clearance certificate?

Refund tax

Posted 7 October 2015

I recieved a sms on 22/09/2015 of a refund who can I go about
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