Medical Aid Tax Credits
Posted 7 February 2013
Just want to know how it works with the Medical Aid Tax Credits. My friend works for a private company and on his Pay Slip under credits he has Medical Aid Tax Credit and the amount that is credited to his PAYE. I however work for Dept Health, the Government and on our salary advice there has been no change. I see nothing on my salary, have never received more money since this system kicked in, and nobody can answer my question. When will I see this tax credit due to me? Somebody mentioned I m...
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Provisional tax, what must I submit?
Posted 1 February 2013
As a provisional tax payer I submit returns from September 2012- 28 February 2013. Am I allowed to submit on 1 March 2013? Do I need to submit receipts/ documents as some receipts have faded. Or is it acceptable to submit a summary of my expenses as I have recorded them?
I opened my shop in February of 2012, how do I organise my taxes?
Posted 1 February 2013
I am not sure how to do my tax can you help? When must my tax be done?
MY EMPLOYER PAYS MY FULL MEDICAL AID IN LIEU OF SALARY INCREASE.
Posted 1 February 2013
HOW CAN II BENEFIT FROM THIS? IT SEEMS SARS DOES NOT TAKE THIS ACCOUNT.
How much tax do I pay on R6000 a month?
Posted 1 February 2013
I am asking on behalf of someone...
She earns R6000 a month and there is no deduction coming off, that is the amount deposited into the bank account. With that income every month, what deduction should her employer be taking off every month??
How long does SARS take to pay out an income tax refund?
Posted 30 January 2013
I received my notice two days ago and want to know how long it takes for SARS to pay out a tax refund?
Can you help me with Provisional Tax return?
Posted 30 January 2013
I am retired and my income is from Momentum who have invested my Pension Contributions when I retired. I always go to SARS to assist with my Return and was told last year that I am a provisional tax payer because of the savings I have and the interests I receive from these (over the allowed amount). I went to SARS to assist me with my first Provisional Tax Return in August 2012 & had to pay in R1000. I am very nervous to do Period 2 for 2012/2013. Are you able to assist me?
I don't know how to answer "Did you make any retirement annuity contributions?"
Posted 29 January 2013
I don't know how to answer "Did you make any retirement annuity contributions?"... I do have a retirement fund, but the contributions come straight from my Cost of Employment at the University of Cape Town before I get my salary, and they're on my IRP5.
What are the allowable retirement annuity deductions?
Posted 29 January 2013
With regards to current year dedcutable amounts allowed, what is the 'amount b/f from previous year' and 'amount c/f to following year' (how are they calculated on a tax assessment?)
Will you be providing a return for the IT34 for submission to SARS?
Posted 29 January 2013
The ITR12 is not the only SARS tax form that needs completion, there is the IT34 final assessment that also needs completion.
How do I get my IT3b and IT3c forms?
Posted 29 January 2013
How/where exactly does one get the IT3b and/or IT3c forms from and how do I know if I qualify for/need them? I have some minor money market investments, but am not sure if the interest earned on those is taxable as it is so little, so I'm not sure whether I need to submit these forms in the first place.
Do I need to manually request these from my bank/financial institutions or should they be sending them to me automatically?
If they are sent automatically, when should...
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Work over Internet and want to pay taxes! How?
Posted 28 January 2013
For the past 5 years I have been doing work over the 'internet' for an international company. Only now I have become aware of having to pay taxes. I am not registered. For the last 2 years I've received a steady income of R6 000 / month. I don't have a physical address or contact number for the company as we communicate through email. The company email me sketches of a building then I create a 3D model of the building and send it back.
How will paying taxes work for me ? Will there be pena...
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What is a SARS audit?
Posted 27 January 2013
WHAT HAPPENS IF I ASK A PRACTITIONER TO HELP ME WITH E-FILING AND YOU LATER DISCOVER THAT I WAS SELECTED FOR AUDIT? DOES IT EVER GET REMOVED ON MY NAME AFTER A CERTAIN PERIOD?
Am I entitled to claim home office expenses?
Posted 27 January 2013
- I am a web developer.
- I use a separate room (a study) for work.
- My earnings are *not* commission-based.
- I pay rent for the study (to my parents)
- The study (and the PC etc.) is used /- 85% of the time for work purposes (therefore technically not "exclusively")
The requirements are very gray. Firstly, why must it be commission-based income? Secondly, why must it be exclusive-use if I could simply calculate business-use as a percentage? (for example, if I p...
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What is tax on a pension fund withdrawal?
Posted 25 January 2013
I resigned from my previous employer on the 28th Fevruary 2012 and got paid a pension lump sum in April 2012. The lump sum was taxed at 18% (witheld by the pension administrator). I got employed in August 2012 and I am on a new pension fund and paying PAYE normally. For my 2013 tax return, will SARS refund me the tax the deducted for me cashing out the pension lump sum?
Are these tax-deductible medical expenses?
Posted 24 January 2013
1. Eyeglasses (frames & lenses) and the preceding eye test at Spec-Savers.-- If so, would this fall under "impairment" or general medical expenditure?-- If you then purchase new frames & lenses, is it again tax-deductible?2. "Cosmetic" surgery (the removal of moles, to be more specific).
If I pay and get my tax return, can I go back and change my answers?
Posted 24 January 2013
I do not have all the information yet but I completed the return as far as I think is correct.
I would like to pay and get the tax return for the year. Afterwards I would like make adjustments and get the return again.
Is that possible?
If I submitted my tax return in December 2012 when do I get my refund?
Posted 24 January 2013
I submitted a tax return via eFiling in December 2012, I'm a first time taxpayer and pay R500 a month, when am I supposed to get my refund?
When claiming depreciation on a vehicle can you also claim the repayments?
Posted 23 January 2013
I am a small business owner/operator and i use a bakkie for business, which I purchased in the last tax year (2012). If I claim the 5 year depreciation can I also claim the monthly repayments on the vehicle?
Thanks
I have not submitted the August return, do I send 2 in February?
Posted 23 January 2013
My tax consultant only now told me as a provisional taxpayer I should have done a return for 2012/2013 tax year in August and a second one in February. It is now late January - so do I send in two returns or just one?
I tried to request a provisional tax return But Status: Awaiting Registration Verification???
Posted 23 January 2013
I've registered as a provisional tax payer as i am a school teacher earning R5 000 and I earn commissions that add up to around R15 000 pm. I cannot get the return to fill it out though. Says Status:
Awaiting Registration Verification
SARS lump 2 salaries together, a full time and a part-time salary.
Posted 22 January 2013
My wife worked full time for Johannesburg General Hospital for 2011 and she started to work part time from the 1st of December 2011 for Doctor Gordon's practice. SARS has add the two salaries. Now my wife must pay R17 000. Her part time salary is about R5 000 or less a month. PAYE of R3438.75 has been deducted from the period 01/01/2012 to period 28/02/2012. Annual PAYE deduction tables dated 2011.03.01, shows that PAYE of R3438.75 falls between an annual salary of R78 840-R78 889. I have a feel...
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How to get a tax refund?
Posted 22 January 2013
I have been submitting my IRP5 for tax return for the past 12 years but I have never received a refund, why is that?
I registerd with sars eFiling and got an sms that says thank you for registering with SARS, what now
Posted 22 January 2013
I received an sms after registering with SARS eFiling that a statement of account has been issued on SARS eFiling for period 2012/07/18 too 2013/01/18. what does it mean. will i get a refund. I got the sms on Friday the 18 January and how long will it take for me to get a refund?
Supporting documents - what if they are not submitted on time? I uploaded and forgot to submit?
Posted 21 January 2013
Hi Tim, great website and good gen. SARS phoned me asking for a schedule of my deductions. I uploaded it and forgot to click on 'submit', then received a second assessment disallowing the deductions - probably because I didn't submit the document.
What do you suggest? If I lodge a notice of objection, will they allow the late submission of the document? How much should I explain to them - fall on their mercy regarding my mistake, or just assert that I am entitled to the deductions? <...
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