Tax implications of cash donation received

Posted 15 September 2015

Is donation received included in gross income?

Only worked two months of the tax year.

Posted 15 September 2015

I started work in January 2015 and my tax was based on an annual salary however as of February 2015 technically I had only earned 2 months salary and not the full years salary. Would I be correct in saying that I should be refunded the tax I paid in January and February?

Audit/Verification duration

Posted 15 September 2015

Hi, I submitted my 2015 tax return and was selected for audit/verification. The supporting documents were uploaded on the same day (15/08/2015) I am not due for a refund, in fact I had to pay in a small amount, also paid on 15/08/2015. I have not heard anything back from SARS. How long does this normally take?

If I earn between R1000 and R1500 how much tax will I be charged?

Posted 14 September 2015

Hello TaxTim, I'm planning on becoming a tutor at a university that I'm currently at and they told me they need my tax number. I'm not sure exactly how much I'd earn, however I've been told it is not much; actually something like R1000-R1500 per month depending on the module. Would I be expected to pay tax, if yes please kindly tell me how much?

Source code for christmas bonus

Posted 14 September 2015

Source code for christmas bonus

My account disappears and I can't log into my profile

Posted 14 September 2015

I have registered for SARS eFiling about 8 times now. They asked for supporting docs as my bank details changed. I have submitted these every single time. And I have faxed my registration form and ID to the number they sent me. But then when I want to log into my profile it keeps saying I have the wrong password. I dont. I have written everything down, after the 3rd attempt of registering I am making sure the info is correct. I get to the point where I supply them with the requested docs and the...

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What must I do when they require me to file last years tax return? This year was my first filing

Posted 14 September 2015

This was the first year I've filed a tax return. But I have paying tax via my salary for 4 years. Main reason I haven't filed in the past was because I was told on my salary amount, it was not required. After filing this year I was awarded a refund of R2300 odd. Having been waiting a while for them to pay the money to my accounts. I decided to give them a call and ask what the hold up was. They say they require me to file my tax return for the previous year for them to proceed?

What d...

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Is donations tax not double taxing?

Posted 14 September 2015

Hi, I am not sure about donations tax, why do I need to pay tax on donations I make if I have already paid income tax on this money? The way I see it this is double taxing? do I understand this correctly?
I pay 40% tax on my income and now when I want to give someone more than R 100 000 for whatever reason I now have to pay an additional 20% of tax on that as well? do I understand this correctly?

When and why must I do efiling?

Posted 14 September 2015

My employer does deduct monthly tax from my salary. My income is not more than R250000 a year. I have no other income that I earned or interest rates or dividends I earned. Do I still have to do SARS eFiling? Thank you

What source codes are used for Investment Income interest?

Posted 14 September 2015

What source codes do I use on my tax return for Investment Income as listed in my first submission?

If my parents medical aid is paid from my bank account how can I include them in my return.

Posted 14 September 2015

If my parents medical aid is paid from my bank account how can I include them in my tax return?

How is tax on share options calculated after death?

Posted 14 September 2015

My dad passed away in Aug 2013 and had a bunch of share options that went into his estate. We sold the share options in Dec 2014, and the estate was wound up and distributed in Feb 2015. However, they taxed the share sale at the maximum tax rate. Should the share sale go into the 2013/2014 tax year when he died, or should it be in 2014/2015 as that's when the sale was actually made? Basically, I want to check if we can claim back the tax paid as it was his only earning in 2014/2015.

What happens after receiving your ITSA?

Posted 14 September 2015

I received my Statement of Account/ITSA 5 days ago, and it's a negative amount. I presume that means I am due for a refund. What's the process after that? Do I wait to receive something else or the refund will be paid?

Efiling conundrum for real estate investment

Posted 14 September 2015

How does one enter local REIT dividend on SARS eFiling?

My efiling profile keep on being deleted?

Posted 14 September 2015

I keep on registering for SARS eFiling and then they request documentation to verify my registration once I have submitted my docs,the next day when I want to see if they are done my profile is gone, and my login details does not work. I then register again but the same happens again...

They said amount to you is R0.00. What is the 1st payment and 2nd payment for?

Posted 14 September 2015

I have submitted my IRP5 in my tax return to SARS. I received this message:

Amount R0. 00 due to you. Date of payment: 1st date 2015-10-01 and 2nd 2015-10-31.

What does it mean?

Tax claim for estate agent NQF training books and exams

Posted 14 September 2015

I am working as a full time employee at an Estate Agency firm. We were forced to do certain NQF Level training that I had to pay for myself otherwise I could not register as a full status agent at the EAAB. Although I do admin work in the Estate Agency firm, I still need to have this qualification. Can I claim the books and exam fees from SARS?

Should I spend time/energy requesting IRP5s every year?

Posted 14 September 2015

Is it worth asking for copies of the IRP5's if they were provided to SARS by the employers/investment houses already?

Since all three were provided directly to SARS and have pre-populated the e-filing, I did not receive my own copies. If SARS decides to audit my tax return would I need to request them or would SARS be satisfied that they actually already have these?

Why is there no section for salaries and bonuses?

Posted 14 September 2015

Why is there no section for salaries and bonuses on my tax return from SARS?

Annuity Fund contributions claim

Posted 14 September 2015

When you have an Annuity (Retirement Fund), where does this fall regarding claiming from SARS?
This is a fund that we pay ourselves as my husbands employers does not have a retirement fund / plan we can use.

Source code 4002 a full amount paid or limited amount to be entered

Posted 14 September 2015

For the amount of arrear contributions, do I include the full amount paid or the limited amount?

Tax Directive for CCMA Settlement

Posted 11 September 2015

I got paid out by my previous employer after a CCMA settlement in excess of R170 000. How do I know if they requested a tax directive for this and is it required?

What is the differences between employees tax and PAYE tax, I also thought PAYE is being phased out?

Posted 11 September 2015

What is the differences between employees tax and PAYE tax, I also thought PAYE is being phased out?

Do you limit your arrears pension fund to 1800 or you enter the actual amount?

Posted 11 September 2015

Do you limit your arrears pension fund to 1800 or you enter the actual amount?

Increase of salary?

Posted 10 September 2015

What will my salary be before deductions, if I receive a 8 % increase?
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