Submission extension with SARS?

Posted 21 November 2014

how do I apply for a tax extension?

Started late in the year - when do I file and will I receive a refund?

Posted 21 November 2014

I started working at a company in August of this year (2014).My gross annual salary is R360,000/year.Since I am paying taxes based on a full 12-month cycle but would only have worked 7 months by End of March 2015, when do I need to file my first tax return and would I be eligible for a refund?Many thanks,Gideon

Do students doing internship pay tax and also earning less than R5000?

Posted 21 November 2014

I have been paying tax since I was a house committee at the university getting less than R500 then I became student assistant and got paid less than R4000 and still paid tax now i'll be doing my internship and will be getting around R5000 I want to know how much does one has to earn to pay tax because someone told me it has to be more than R5000?

Net Capital of Business for Sole Proprietors?

Posted 21 November 2014

I'm a Sole Proprietor.Under "Statement of Local Assets and Liabilities" there is a field "Net Capital of Business, Trade, Profession or Farming"I've already filled in all Profit and Loss under the section of "Local Business, Trade and Professional Income (incl. Rental Income)Do I just fill in the result (of Profit and Loss) again under "Net Capital of Business, Trade, Profession or Farming"?

should I do a tax form.

Posted 21 November 2014

I've worked in the DRC up to June 2013. Then I was put on pension. I was unemployed up to April 2014. I was not sure whether I still have to do my tax certificate. Thanks

Business parking fees

Posted 21 November 2014

Where in eFiling do you log business parking fees?
(If your business is in a business park)

What does "Return - Data Submitted to ITS" mean?

Posted 21 November 2014

Hi, my SARS status says "Return - Data Submitted To ITS" and has not changed since I submitted my assessment on 2014/09/07.

No one has asked for any documents or anything else, and I have not gotten any sms's from SARS as yet.

I did make a change to my assessment yesterday but reverted the change and saved again so the table with the Return Type, status, date, etc shows two records. One with a status of "Filed through eFiling" and the other with "Saved".

What doe...

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Do I need to include my pdf certificates?

Posted 21 November 2014

Do I need to include my IRP5 certificate, Momentum and medical aid tax forms with my return?

May I submit IRP5 2011-2013 through TaxTim?

Posted 21 November 2014

I have submitted a tax return for 2014 through TaxTim. I have outstanding IRP5 for 2013-2011 can I also submit them through TaxTim?

Medical Aid on ITR12?

Posted 21 November 2014

Where on my TaxTim submission do I enter the medical aid amount I have paid?

VAT REFUND - WHEN WILL IT BE PAID?

Posted 21 November 2014

HI I HAD FILLED MY VAT REFUND AND THEREAFTER REALISED THAT IT WAS IN CORRECT AFTER I HAD FILLED MY CORRECTION IT ADVISED ME THAT MY REFUND VERIFICATION WAS COMPLETE DOES THIS MEAN I DONT NEED TO SUBMIT SUPPORTING DOCUMENTS. AS THE GREENLIGHT HAS REFLECTED?

where to fill in the primary rebate amount on the 2014 tax return form?

Posted 20 November 2014

Where do I fill in the primary rebate amount on the 2014 tax return form, for PAYE tax payers?

travel claims on fixed & commission income

Posted 20 November 2014

I work for a company that pays me a fixed salary but also pays commission on extra work I bring in.
They do not pay me for any travel at all,. Can I claim work related travel on my tax return?

How do I know whether to deduct wear and tear or lease payments on travel claim against allowance

Posted 20 November 2014

I receive a vehicle allowance and use a hired purchased vehicle for business use and need to know how to choose between depreciation (wear & tear) or lease payment on Travel Claim Against Allowance.

I guess what I'm asking is whether SARS sees a hired purchase payment the same as a lease agreement payment.

May I choose between the greater of the two?

Tax exemption on foreign employment income?

Posted 20 November 2014

I own a consulting company and have been contracted to do work oversees.
I expect to be out of the country for more than 183 days including a period exceeding
60 consecutive days.

I believe I am eligible for the tax exemption on my income for the period.
However I am unsure if I am defined as an independent contractor?
I pay myself a monthly salary from the company and therefore I believe I should
be regarded as an employee and not an independent contractor.
...

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take home salary R4650 do I need topay?

Posted 20 November 2014

my salary is R5000 and R4650 after deduction,do I need to pay tax?

Will I get a refund in november wrt my medical aid?

Posted 20 November 2014

for the last 2 years I received a refund from SARS re: Medical Aid in Novemberwill I get one this year?

Dont have a code 3606 on my IT3 a

Posted 20 November 2014

The amount that I must fill in on my IT 3 a is it my salary received?

Can I claim depreciation on my vehicle

Posted 20 November 2014

Depriciation on my vehicle

Where can I get an IRP5 form?

Posted 20 November 2014

Where can I get an irp5 form? I looked on the SARS website and couldn't find one, is it okay to create my own? And what information is required to be shown on the form?

Declaring Subsistence Allowance

Posted 20 November 2014

My IRP5 does not have a code for the subsistence allowance I got when travelling oversees.I did not use all of the allowance I was given while on the trip and was told I could keep it.How do I declare this in my income tax return?

does she have to pay tax

Posted 19 November 2014

my nanny earns R740 per week does she have to pay tax

Business Training Costs for Commission Earners

Posted 19 November 2014

Hi Tim - Thanks as always for an excellent service - I have been using TaxTim for about two years now.

My Question is regarding business seminars and training courses to further your working skillset. For instance I went on a sales training seminar voluntarily. I work as a commission-based sales executive. Can I claim the cost of this course back from SARS?

claim if paid medical not in your name

Posted 19 November 2014

if you pay someone medical can you claim

Entered profit made but only half of 33% pulls through as deemed income on eFiling?

Posted 19 November 2014

I saw reply re base costs and proceeds but if I enter this on eFiling and ask for calc, my deemed/additional income is only 16% of profit made, I thought 33% will pull through?
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