Contract work (Freelance administration)

  Written by Marc   Posted 12 November 2014

I am a contract worker and I have worked for two different companies this tax year. The one company submits an IRP5 for me which makes my life easier, but the other company I worked for did not issue an IRP5 so I need to add that income to my Tax form, can you help me please?

Transfer provident fund

  Written by Marc   Posted 12 November 2014

I resigned from my job at the end of December 2013 so that I could study this year. I transferred my provident fund (momentum funds at work which was mandatory company group benefit scheme) to Allan Gray provident preservation fund. I now see that there is a new form (IRP5/IT3) on my ITR with the details of the transfer (income received 3920 and gross non-retirement income received 3698).So the question is am I going to get taxed on this or how do I indicate that it was a transferred to a new fu...

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Med aid and RA on my IRP5?

  Written by Marc   Posted 12 November 2014

The amount on my IRP5 for code 3810/4005/4474 (all the same R23022) but more than the amount indicated on the medical aid tax certificate (R22092). Which amount do I use for filing purposes.

Also, I contribute to retirement annuity privately and for the period 1 March 2013 - 28 February 2014 paid R17080. do I put the same amount for code 4006/4007?

Car trade-in a Capital Gain for tax purposes?

  Written by Marc   Posted 12 November 2014

I traded my car in for a new car. The sales price was R10,000 more than I owed the bank, so the dealer gave me a R10,000 discount on the new car, i.e. I didn't physically receive the money.

Do I need to register this under Section 7 - Capital Gains - and if so, how do I calculate the base cost?

Can I pay with a debit card and please help me out with using it.

  Written by Marc   Posted 12 November 2014

Can I pay using my debit card?

Depreciation/Wear and Tear

  Written by Marc   Posted 12 November 2014

Calculating Depreciation/Wear and Tear (note 47), does it apply to both provisional taxpayer and regular taxpayer ?Under which conditions can you claim for it ?

CGT on primary residence that was also rented out

  Written by Marc   Posted 11 November 2014

I lived in a property for a number of years, then rented it out for a few more years after that, and I have now sold the property. It appears that CGT is only applicable to the pro-rata portion of the time that the property was rented out - thanks for the blogs and answers to previous questions on your site I was able to figure that one out. My problem is how to capture this in efiling. Do I pro-rata the base cost and proceeds and enter the reduced amounts? Or do I tick that it is a gain in lieu...

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Need clarification on whether an ITA34 means they have concluded your review by SARS?

  Written by Marc   Posted 11 November 2014

I would just like clarity on this. I submitted my return, they asked for supporting docs, I gave my tax certificate of medical aid only and then was issued with a ITA34 which said said I was due a refund.I don't have an ITSA, should we get both? See below. What I am unclear of is the wording, it says the assessment has been concluded but then later on it talks about info not matching and a review. I have looked back on previous returns I have done and it said the same and I got the refunds with no hassle. Just want to know if this is final now or may they come back and request more info or can I expect a payment in the next few days?...

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Ander inkomste

  Written by Marc   Posted 11 November 2014

Ek het my opgaaf gister begin. Ek ontvang jaarliks 'n trustee vergoeding wat nie deel is van my ander inkomstes waarvoor ek 'n opgawe kry nie. Ek het die ja blokkie getik wat vir my vra of ek enige ander inkomste het behalwe bogenoemde opgawes.Waar vul ek nou daardie opgawe in by inkomstes? Daar is 'n blokkie wat oa praat van profesionele werk gedoen, is dit daar wat ek dit moet invul.DankieKobie.

What of form of tax do I pay if I am an SA resident employed and paid by a foreign employer?

  Written by Marc   Posted 11 November 2014

I am employed by an non-profit organisation based in the UK. I am a permanent resident of SA and I work from home. I receive my salary from the UK (monthly, with payslips) in GBP every month and I would like to know what I need to do to pay tax and what documents are required for SARS. Do I do a normal tax return?

can a tax payer claim for his umemployed spouse, medical bills?

  Written by Marc   Posted 11 November 2014

Can I claim for my wife's medical bills? she is unemployed, on chronic meds. she is not a member of my medical aid. All bills are my responsibility.

Tax implications of working in Germany

  Written by Marc   Posted 11 November 2014

I work in Germany, am taxed in Germany (heavily it seems). What are my tax implications in South Africa?
Do we file a return in Germany & South Africa?

My husband has been working in Germany since the beginning of 2013, and myself since March 2014.
We are in Germany for the entire time (visiting SA for maybe 1 month to 6 weeks a year).
We also pay for medical aid, and related German funds (church tax, solidarity tax, retirement taxes, etc)
We both have an Retirement Annuity running in South Africa too. ...

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I want to submit my IRP5 for 2014

  Written by Marc   Posted 11 November 2014

How can I submit my tax return for 2014 on line?

Advantages of paying for own medical aid rather than employer's contributions?

  Written by Marc   Posted 11 November 2014

Is there any distinct financial advantage to paying for my medical aid on my own (therefore not involving my employer at all), rather than opting for my employer to contribute a portion (which would form part of my total cost to company)?

In both instances, the Total Cost to Company would stay the same - I understand that the contribution from the employer does not get deducted from the income earned and thus the tax on income earned stays the same, apart from the tax credit for independents. If this is correct, it would seem that the only benefits would be that the employee receives monthly tax credits rather than once per year. ...

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How to get access to an IRP5 form online?

  Written by Marc   Posted 10 November 2014

How to get an IRP5 form online?

Do I use my PAYE no. to submit a Tax Return?

  Written by Marc   Posted 10 November 2014

I have not registered a tax return for the past 15 years.
I receive a pension and have a PAYE number.
Do I need to register with the SARS for my tax Returns or do I use the PAYE no.

What is Section 89 Quat(2)

  Written by Marc   Posted 10 November 2014

What is section 89 quat(2) interest?

Tax on small businesses?

  Written by Marc   Posted 10 November 2014

What if the Small business has had no profit, can I still claim from SARS

What will happen if I owe SARS and I don't pay for decades?

  Written by Marc   Posted 10 November 2014

What will happen if I owe SARS and I don't pay for decades?

Paying tax working for a partnership.

  Written by Marc   Posted 10 November 2014

I have started a new job where I'm working for partners and they will be paying me R5000 each from their respective accounts. I have not paid tax before but assume I will have to start now. What type of tax do I pay? Colleagues contract themselves to them and pay a provisional tax. Do I pay PAYE of provisional tax?

TAN RETURNS SUBMISSION

  Written by Marc   Posted 10 November 2014

I NEED TO SUBMIT TAX RETURNS

Will SARS give me my tax No. over the phone?

  Written by Marc   Posted 10 November 2014

If I've forgotten my Tax No., will SARS give it to me over the phone?

I am unable to log into eFiling with my details, is it because I manually submitted my return 2012-2

  Written by Marc   Posted 9 November 2014

I have registered for eFiling for the tax year 2011-2012 and in the tax year 2012-2013. I manually submitted my return. Please advise if I can still use my log in name and password for the tax year 2013-2014? I did try but unable to log in.

Who should claim the medical tax credit?

  Written by Marc   Posted 9 November 2014

I would like to find out if it is better to let my medical aid be deducted from my salary or is it better for me to pay it with a debit order, which method will be more beneficial.

Early retirement lump sum

  Written by Marc   Posted 9 November 2014

I am resigning in December 2014, but owe SARS about R5000. Will SARS deduct it with my pension lump sum tax?
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