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Latest Posts in Tax Q&A

Tax refund on studies?

  Written by Marc  

I am currently working at a university and have enrolled for postgraduate degree at a different institution and had paid for myself. Will I be able to claim tax refund on this, if so, how?

Can I claim tax back on medical expenses if im not on a med scheme?

  Written by Marc  

Can I claim tax back if I don't belong to Medical aid scheme. I paid over 10000 for my son when he broke his leg.

Are churches seen as Public Benefit Organisations?

  Written by Marc  

Are churches seen as Public Benefit Organisations?

Retirement tax free?

  Written by Marc  

I retired in 2012 when the tax free tables for retirement was at 315 000 I now have a retirement annuity that matures in 2015. The 2015 tax tables say that I should have an additional 185000 available to me? is this true?

What should I pay on PAYE ?

  Written by Marc  

I earned R408330. 00 for the year. My wife pays the medical aid. I have 2 kids. I use some of my own equipment for work purposes. I have a endowment policy for R1100. 00 pm some medicine I pay cash. I also contributed to UIF R3569. 00

What does 4149 mean on my IRP5?

  Written by Marc  

What does 4149 mean on my IRP5?

I donate at kfc R2 everytime I buy there where can I get a proof must I submit my slips at SARS

  Written by Marc  

When I buy at kfc I pay R2 donation how can I have a proof that I support charity org must I keep my slips

How do I determine my annual RA contribution?

  Written by Marc  

If I started two RAs last year, one in Aug (R1000) and the other in Nov (R1000), what should I enter as my monthly/annual RA contribution total since neither was for the full 12 months?

Is our invoicing correct?

  Written by Marc  

Our company is not VAT registered. Our company has been issuing invoices to clients. The invoices clearly indicate that we are a non-vendor and we don't charge VAT. Though our invoice says tax invoice. Is this a problem? I am going for a VAT interview soon.

Work office and home office for tax purposes?

  Written by Marc  

Am I allowed to have a office at work and a home office?

First time taxpayer?

  Written by Marc  

Need a tax number for work never work before (school leaver)

Work office and home office can I claim both for tax purposes?

  Written by Marc  

I earn commission more than 50% of my income - I claim for home office expenses as I work from home 60% of the time but now SARS want to know if I also have a office at work will that mean I am not allowed to claim for home office??

What is the taxable mount for an employee per month and per year?

  Written by Marc  

What is the amount that is taxable for an individual per year? If your total income for the just ended tax year was R121 418. Do you qualify for a tax refund if your tax was submitted on your behalf by your company?

I want to know how much I owe SARS

  Written by Marc  

Do I get a refund from SARS?

Tax deduction on R911 968 pension benefit should I resign?

  Written by Marc  

I am planning to resign with effect from 1 June 2016. Currently my pension fund benefits stands a R911968. 00. How much tax will I pay?

Calculate on 18% tax directive

  Written by Marc  

If I do the calculation, I see I have to pay in a huge amount, is there no field I need to fill in, I was on a 18% tax directive

Query on tax rebate from SARS?

  Written by Marc  

If I have paid in extra R4221 on my tax and also am over taxed by R300 on my PAYE from my work every month would I then not get back monies from SARS?

Discuss why tax is collected

  Written by Marc  

Why is tax collected?

Will I be penalized for not being taxed from 1999-2012 as I worked abroad?

  Written by Marc  

Been working abroad in cruise ships between 2003-2012. Returned back homed in 2012 and was unemployed until Feb 2014 where am currently employed. Do I need to supply any other documents to confirm this?

MEDICAL TAX CREDIT CALCULATION

  Written by Marc  

SARS Website quotes the following as an explanation for Medical Tax Credits in 2015 : "An individual who is 65 and older, or if that person, his or her spouse or child is a person with a disability, 33. 3% of qualifying medical expenses paid and borne by the individual and an amount by which medical scheme contributions paid by the individual exceed 3 times the medical scheme fees tax credits for the tax year" My annual medical aid contribution is R11 684 My Tax Credit is for myself and my wif...



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Medical tax credits?

  Written by Marc  

I am aged 70 retired but working again,, earn less than R11K a month, pay my own medical aid for myself and spouse. . Have no company perks. . Have always got my full paye refunded to me each year. However. I do not understand how the medical credit will affect the situation as from this year? I do not have the tax deduction of R257 for myself and the same amount for my wife as I pay our contributions by debit order each month. Would I still be refunded by SARS, or how does the medical tax credi...



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When do we start submitting 2015 IRP5?

  Written by Marc  

When do we start submitting 2015 IRP5?

Section 10(1)(o) - "continuous period exceeding 60 full days"

  Written by Marc  

My question is on Section 10(1)(o): Section 10(1)(o) exempts from tax any remuneration derived by a person in respect of services rendered outside the Republic for an employer if such person was outside the Republic for periods exceeding 183 full days in aggregate during any 12 month period and for a continuous period exceeding 60 full days during that period and those services were rendered during that period or periods For the 60 full day portion: If I travel on day 1 to my place of work out ...



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Do I have to submit a tax return in 2015?

  Written by Marc  

I was self employed (in my own name) in the 14/15 tax year. I only earned around R11,000 throughout the whole year. Do I need to complete a tax return even though I know I don't have any tax to pay?

Can I claim my housing alowance if I pay rent?

  Written by Marc  

If I receive a housing allowance of R5000, and I pay tax on the R5000, can I claim it back if I pay rent of R9500
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