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Salary / IRP5 Posts in Tax Q&A

When do I start my logbook if got travel allowance halfway through year?

  Written by Marc  

Hi Tim, I get a travel allowance but however I started receiving it in June, but always had used the car since the month of April! So when do I start the date of my logbook for efiling?

Completion letter without uploading any of the requested documents

  Written by Marc  

If I got a guy at work to complete my tax return and he submitted it via efiling (on my profile), how can I check what he submitted? I have now been requested to upload certain documents. I subsequently received a "completion" letter. From what I see on my efiling profile, this guy submitted a few different versions of my tax return?? I'm so confused!! Please help!

How much PAYE deducted from a monthly salary of R8000?

  Written by Marc  

How much PAYE would be deducted from my salary if I earn R8000?

How to file a notice of objection on SARS efiling

  Written by Marc  

How do you file a notice of objection on SARS e-filing?

What is the exchange rate for foreign currency (DRC Franks)?

  Written by Marc  

I got paid in DRC Frank. How can I convert it to Rands ?

How to switch practitioners to TaxTim

  Written by Marc  

What are the necessary steps required to move my tax concerns from my current tax practitioner to TaxTim?

Corrections on returns

  Written by Marc  

Hi Tim

Can I get into trouble with SARS for a mistake on my return? Even if that mistake was an honest misunderstanding and I have submitted a correction.

Also, how many times can you submit corrections?

Thanks,
Elizabeth

How to read negative refund amount in assessment

  Written by Marc  

Hi TimMy assessment letter says "Net amount refundable under this assessment after allowable creditsCompliance"and then shows a negative amount. Technically this would mean I owe SARS as a negative 'refund' means the oposite of a refund but I am not sure what they intend it to mean.What should I take this to mean?Thanks!

What the amount I am allowed to earn per year with my pension? I am over 70.

  Written by Marc  

I am 73 years old and cannot live on my pension so I have gone back to work. How much am I allowed to earn to be exempted? Is there no exceptions for the people over 70?

Tax on income working permanently in the UAE and declaring of such.

  Written by Marc  

Hi Tim,
I left SA on 1/9/2011 to take up a permanent employment in UAE, with a UAE company. I also took up residency in the UAE. I sold all my fixed assets in SA, except for my primary residence, which I left for the children to complete their university studies from. I didn't have any intention to return to SA and wanted to relocate elsewhere, after my pension. Unfortunately I was retrenched w.e.f. 10/12/2012 and I returned to SA on 18/12/2012. I visited SA in Nov 2011 for 10 days in Oct 2012 for 5 days. I only started to earned an income in SA in February 2013....



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How do I get my tax back when unemployed?

  Written by Marc  

How can I get my tax back because I don't work at this moment. How can I do it?

Tax efficient business type for share traders

  Written by Marc  

If one were trading JSE shares full time, which would be the most tax efficient business type to trade under, and why?

How do I submit my irp5 online?

  Written by Marc  

How do I submit my irp5 online?

Nil return charged?

  Written by Marc  

Is there a "fee" that SARS charges if you fill in a nil return?

How to upload copies of documents onto SARS eFiling?

  Written by Marc  

I do not know how to upload my copies.

Birthday cash money gift. What to do with tax?

  Written by Marc  

Every year I get around R35000-R45000 as a birthday present depending on how generous my extended family is feeling. This never used to be a problem when I was younger as I just used to go out and spend it, but now as I'm getting older I would like to save this money.

My question is if I had to deposit this gift money into my account would I have to pay tax on it?

Car Allowance - Available deductions and Documents required

  Written by Marc  

My salary was structured in such a way that I have a car allowance of approx R5,5k and my contract states that due to this allowance I will be required to use my personal vehicle for company purposes. The company however includes the full allowance as 100% taxable income - and that my annual tax return will determine the actual taxable portion.

My question is - how will it be determined and what documents do I need to keep in order to have any available deductions? Please note that...



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Do I submit via TaxTim and again via e-filing?

  Written by Marc  

After completing the TaxTim tax return forms and paying R199.00 I was directed to a page saying that I had to submit again via e-filing? Don't know what to do here? Do I complete more forms and submit again?

Does "Gross salary" for PAYE include subsistence allowances, car allowances etc?

  Written by Marc  

What components make up "Gross salary"? Would things like subsistence allowances (local) and car allowances be included?

What is SDL tax?

  Written by Marc  

What is SDL tax and how is it calculated?

Closing date for submission of IRP5 2013

  Written by Marc  

When is the closing date for submitting IRP5 forms?

How to claim travel expenses without a logbook

  Written by Marc  

Is there another way of claiming for travel expenses if you don't have a log book?

How to highlight neccessary information for SARS on bank statements

  Written by Marc  

Hi Tim
SARS is asking me for supporting documents, can I give them bank statements as supporting documents as I lost most of my slips, if so how do I indicate the relevant information on the statements?

Depreciation and tax life of a dragline bucket?

  Written by Marc  

What is the deduction Interpretation Note 47 for a Dragline Bucket?

How do I submit to SARS?

  Written by Marc  

I have never submitted my IRP5 since I started working in 2010, how do I go on about returning them with E filling ?
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