Must I deduct PAYE from a Namibian resident working in Namibia for an SA company?

  Written by Marc   Posted 12 August 2013

As a South African Company we want to employ a Namibian resident to work in a Namibian store for us but his income will be from us here in SA. Must he register as a tax payer in SA although he is not an SA resident?

How does having an investment policy help reduce my tax?

  Written by Marc   Posted 12 August 2013

With Old Mutual I have an investment. Can I claim this as a tax deduction?

R 7,000-00 once write off, what if 4 machines bought each at R 6,000-00 ?

  Written by Marc   Posted 11 August 2013

Hi Tim. Do I understand that the R 7,000-00 write value is a once write off for items less than R 7,000-00?

What is the situation then if I start my business with the simultaneous purchase of e.g. four lawn mowers at R 6,000-00 each. Total cost = R 24,000-00 but I may only write off a once R 7,000-00 ?

What then happens if six months later my business requires one additional lawn mower again at R 6,000-00, and e.g. two months a brush cutter at R 6,5000-00. What may then be written off, if anything?...

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Medical expenses paid from a joint bank account

  Written by Marc   Posted 11 August 2013

We are married in community of property with one bank account in my name. My wife and our children have individual credit cards on the account and all my wife's income as well as tax refunds are paid into it. She is the principal member of our medical aid. Me and her use the bank account to pay medical expenses via credit card and EFT.

Will SARS disallow medical expenses paid from this account in my name, even if it is for her and our children? I settle medical bills via EFT, any one ...

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Supporting docs for sole prop tax return

  Written by Marc   Posted 10 August 2013

What documents should you submit to SARS when they request supporting documents for income tax returns as a Sole proprietor ?

Can I deduct the tax credit as well as the medical contribution paid as a pensioner?

  Written by Marc   Posted 10 August 2013

I am a pensioner now, can I deduct the tax credit as well as my medical contribution paid by my self?

Pay tax on R3600 pm?

  Written by Marc   Posted 10 August 2013

Hi, I work for 2 yrs I was earning R3600p/m before provident and UIF and was given an IRP5 once. I have been dismissed since March 2013, can I still claim for a tax return?

I don't owe SARS but my company pays my tax

  Written by Marc   Posted 8 August 2013

Every month my company deducts my tax on my salary, but suddenly SARS mentions that I am owing them. I don't know, either the problem is me or it's my company?

Who is liable to claim the medical contributions? Is it me whose account is debited or him?

  Written by Marc   Posted 8 August 2013

I put my parents on a medical aid and my Mum is the principal member with my Dad and sister as dependents. However, for ease of convenience the debit for the medical aid goes off my bank account and not theirs, but my Dad pays me back by paying off my other accounts.
When I submitted the claim, I put this medical costing as a claim on my Dad's return - what was owing to him is now him being held liable to pay SARS that money back. Can they do this??
I have my own medical aid with my da...

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Funeral policies and back loans

  Written by Marc   Posted 7 August 2013

Hello Tim

I work on a commission basis as a hairstylist and I am currently paying various funeral policies. I also have a loan at the bank and a credit card. Am I allowed to claim for tax on those payments?

Employers medical aid contibution for over 65's

  Written by Marc   Posted 7 August 2013

Hi

How does an employer handle:-

1. Employers medical aid contribution made for an employee over 65? It is no longer a fringe benefit.
2. Employer pays both employer and employee contribution with no deduction from employee.

Many thanks.

Home Office Claims (Total Cost Calculation) Code 4028

  Written by Marc   Posted 7 August 2013

If I qualify to claim Home Office (Code 4028) expenses and I want to claim this, what is applicable? Note that I own the house and I have the square meters of both my office and my house. My office adheres to the criteria. My question is related to the claim amount.

Tax specifies: A- the area in m2 of the area specifically equipped and used regularly and exclusively for trade divided by B- the total area in m2 of the residence (including any outbuildings and the area used for trade in the residence) multiply by Total Costs the costs incurred in the acquisition and upkeep of the property (excluding expenses of a capital nature)....

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More or less how long will it take before I get my refund

  Written by Marc   Posted 7 August 2013

Hi

I have submitted my supporting documents to SARS on Friday and my current SARS status says "AVS verification with AVS bank verification pass". It is now Wednesday, I have not changed my banking details so all is well, how long will it take before I get my refund paid back?

Referral for audit taking ages - can I speed it up?

  Written by Marc   Posted 7 August 2013

I submitted my return and supporting documentation and I received notice on e filing that my return is referred for audit. I called SARS and they advised that the turnaround time can be anywhere from 3 to 12 months for an audit to occur. They advised that all refunds over R10 000 go for audit. Because I work on commission and claim expenses my refunds are always greater that R10 000, but never takes more than about 2 - 3 weeks.

Is there any way I can speed the audit process up for th...

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Do psychologists fall under medical expenses?

  Written by Marc   Posted 7 August 2013

Can I include a claim for psychologist fees (as a medical expense) if not covered by my medical aid?

How long to resolve a SARS case for a delayed refund?

  Written by Marc   Posted 7 August 2013

In April this year we found out that our tax returns for 2010 and 2011 were never submitted by my company, so I did it ASAP. With the new tax return for 2012 we owed SARS money and they told us to pay it and we did. In May we found out that there was a penalty of R1250 so we paid that as well. So now we have made two payments to SARS and still no refund. When I call them they said I need to bring the deposit slips and I did and they said it will be any time in may that the return will be paid out. We are now in August and still no refund has been paid out. ...

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Car Insurance and Tracker

  Written by Marc   Posted 7 August 2013

Hi Tim

Can I claim for insurance and Tracker on my vehicle that is used for part-work and part-personal use?

Provident Withdrawal Tax

  Written by Marc   Posted 7 August 2013

I have a Provident fund with my Employer. They contribute 5% (which is tax deductible) and I contribute 5% (which is not tax deductible).My question is: when I resign and withdraw the funds, is the employee portion paid out tax free (as I already paid tax on it every month)? Or does it add to the withdrawal benefit scale (i.e. first R22,500 free, then 18%, etc.)

What proof to submit to SARS for depreciation on a vehicle?

  Written by Marc   Posted 6 August 2013

I can't find the invoice for my car which I purchased new and paid for in cash in 2010. What proof would I need to submit to SARS instead to claim depreciation on this vehicle? (I work mainly for commission and I use my car mainly for business purposes).

Declaring Withholding Tax on Local Dividends

  Written by Marc   Posted 6 August 2013

I have received my It3(b) certificates from the various investment companies I deal with. 3 of them show how much the withholding tax on my local dividends was, 1 (from a stock broker) does not. How do I declare the dividends on the ITR12? Do I need to enter the gross amount before withholding tax and then indicate that withholding tax was deducted? Or will SARS assume that withholding tax has been deducted? Basically I just need to know if there is a certain section of the form that allows me ...

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Medical aid expenses on behalf of husband

  Written by Marc   Posted 5 August 2013

Can I claim for medical aid contributions that I make on behalf of my husband? The money comes from my account as a debit order every month.

How would I be taxed if I am spending every second month out the country for work?

  Written by Marc   Posted 5 August 2013

I have been offered a job within South Africa that has various branches across the world. I will be contracted by the company. Thus I will be spending every second month out of the country, 6 months away and 6 months home. I would like to know how I am going to be taxed because I am not 100% sure?

What is the period of getting your money back ?

  Written by Marc   Posted 5 August 2013

I submitted my tax return on Wednesday 2013/07/31 and it was confirmed that I would get R1536 back and still today am still waiting for that money. When do you think I will get it exactly ?

Dispute with a calculated result of negative R15000.00

  Written by Marc   Posted 5 August 2013

Afternoon Tim

It is my first time completing a tax return. SARS has come back to me with an assessed amount of -15000. Must I dispute this? I have paid enough tax already!

Do I need to declare a lump sum death benefit payout to SARS?

  Written by Marc   Posted 5 August 2013

My husband recently passed away and I received a lump sum death benefit payout, which already had tax deducted from it. Do I still need to declare this income and if so, what type of income is this?
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