Can I have three travel codes on one IRP-5? 3701+3702+3703?

  Written by Marc   Posted 28 August 2013

Some consultants at SARS says I am allowed to have three travel codes on my IRP5, namely 3701, 3702 & 3703. Other SARS officials says it's not permitted! Who is correct and why?

Deductions against professional fees

  Written by Marc   Posted 28 August 2013

I have done private consulting for the last 5 months of the 2013 tax year. I have not been formally employed for this period. What can I deduct against professional fees earned? Home office? All travel to and from clients using vehicle cost tables? Cell Phone (ratio business/personal call accepted or actual business calls only)? Other?

Total rebate for persons 75 years and older

  Written by Marc   Posted 28 August 2013

What is the total rebate for persons who are 75 years or older ?

R501 balance due to you. What does this mean?

  Written by Marc   Posted 28 August 2013

If SARS says "amount balance R501 due to you", what does this mean?

Travel Claim against car not in my name

  Written by Marc   Posted 27 August 2013

Hi Tim

I get a travel allowance but the vehicle is not in my name, SARS have done an audit and now I need to submit the Purchase / lease contract in respect of motor vehicle(s) against which I claimed. Is this a problem, will I be penalised?

How much tax rebate does an employer get if he's paying 50% of medical aid for his employees?

  Written by Marc   Posted 27 August 2013

Say a company has 100 employees and the employer turnover is over R20 million per annum, if employer is planning to contribute 50% in medical aid and retirement fund to his employees, how much of a tax deduction does the employer get?

I've not filed a tax return in years, what should I do?

  Written by Marc   Posted 27 August 2013

I've not filed a tax return for the last few years, though my company has been taking tax off my paycheck. What should I be worried about? What should I do?

Lump sum tax on backpay?

  Written by Marc   Posted 26 August 2013

Hi Tim

I am employed by the Department of Education. Last year (2012) the DOE did not pay my salary for 6 months (April - September), I then received the 6 months salaries in a lump sum in April 2013. I was therefore heavily taxed on the lump sum. When can I claim back that tax, with this year's tax return or next year?

What is "taxable income" on my payslip?

  Written by Marc   Posted 26 August 2013

On my payslip there is a huge amount called taxable income, what is it?
Do I owe SARS or is it owing me?

I want to register and do the claim after I get my tax number

  Written by Marc   Posted 24 August 2013

Can I register and do the claim after I get the my tax number?

Can a non-resident South African citizen take out inheritance from SA?

  Written by Marc   Posted 23 August 2013

I've lived out of SA for 22 years and have held dual nationality (SA and UK) for the last 12 years. I rarely visit SA and have not spent more than 3 weeks there in any of the last 20 years. My question is about inheritance. If I inherit in SA, will I be allowed to take my inheritance out of SA? I have never formally emigrated, still hold a SA passport in addition to my UK one and have no assets in SA. Would it make things easier if I renounced my SA citizenship?

Medical Tax Credit (MTC) and the ITR12

  Written by Marc   Posted 23 August 2013

I pay my own medical aid and the total amount paid was R15626. When entering it on my ITR12 it shows me a NULL allowable medical deduction under a code 4008. Am I not supposed to get my MTC of R230 per month? It was not deducted on my IRP 5 so I paid my full PAYE amount.

Can you claim depreciation as an expense against rental income?

  Written by Marc   Posted 22 August 2013

Can you claim depreciation as an expense against rental income?

Efiling status says "correction filed"

  Written by Marc   Posted 22 August 2013

Hi Tim,
I submitted my tax return. I submitted supporting documents. The status on efiling is - "Correction Filed".
Please can you advise what this means? How will I know when payment will be made to my account - what should the status be?

Subsistence allowance rate for Mozambique tax year

  Written by Marc   Posted 22 August 2013

Can you give me the subsistence allowance US$ rate for Mozambique tax year 2013 please.

How to calculate Tax Refund if over 65 with a disabled dependent

  Written by Marc   Posted 22 August 2013

I am completing my father's Tax Return for him. He is over 65 and has a dependent, my brother, who is mentally disabled. I have indicated this as such on the return and can see from the calculation that the full medical amount listed is shown as a deduction from the taxable amount. What is confusing me is the only amount being reflected as a refund is the PAYE he paid on some shares that he cashed in and there is no additional refund for any of the mental disabilities. Am I understanding the med...

Read more →

Allowable vehicle expense deductions

  Written by Marc   Posted 21 August 2013

What vehicle related expenses can I claim as deductions? I am a property manager and rental agent and use my vehicle mainly for work purposes. I know that any expense incurred in the production of income can be deducted, so can the cost of my vehicle (repayments) be deducted?

What does a reduced assessment mean on your SARS?

  Written by Marc   Posted 21 August 2013

What does a reduced assessment mean on your SARS?

Can taxes be deducted if you have never earned more that R40 000p/a?

  Written by Marc   Posted 21 August 2013

Hi Tim

My husband earns about R44 000p/a. For the past 3 months, money has been taken out of his account by SARS. According to them, it is outstanding taxes from years passed when he neglected to pay his taxes, however this is the most he's ever earned.

Is that at all possible with his salary?

Do I owe SARS or do they owe me for the past twenty years that I worked?

  Written by Marc   Posted 21 August 2013

Since I started working I have never made a tax return claim from SARS for the past 20 years. Do I owe SARS or does SARS owe me?

I wanted to know if my divorce settlement is taxed?

  Written by Marc   Posted 20 August 2013

Hi, I got divorced last year and I got 50% of his money since we were married in community of property. When I went to claim it I was told I had to pay tax on it, but I never got any paper document of the amount to be taxed, I only got the IT150 paper.

I don't have a IRP5

  Written by Marc   Posted 20 August 2013

Is it possible for me to claim tax return wthout having the IRP5?

Are you able to calculate how much I might be getting / owing ?

  Written by Marc   Posted 20 August 2013

Hi Tim

Are you able to calculate how much I might be getting / owing from SARS?

Thanks

Medical Tax Credit - does same rule apply to non medical aid taxpayers?

  Written by Marc   Posted 19 August 2013

Goodday, my question regards the Medical Tax Credit - everything I have read on it seems to apply to taxpayers that contribute to a medical aid scheme. Does the same rule apply for taxpayers who do not have a medical aid scheme but are trying to claim back medical expenses?

Tax on rental income, bond in two names.

  Written by Marc   Posted 19 August 2013

I am co-owner of a townhouse and we are in the process of letting it. I understand that we can offset certain expenses (of a non-capital nature) to the income, to alleviate tax paid thereon. But now there is still the question of how to "split" the income and expenditure between the two taxpayers in question? We are engaged and have a 50/50 interest in the townhouse and all costs and expenses are shared between the two of us at the same ratio. Please advise.
Older posts →← Newer posts    118  119  120  121  122  123  124  125  126  127  128  129  130  131  132  133  134  135  136  137  138