Can I claim for travel expense if I earn a basic and comm and my comm is less than 50% for the year?
Posted 3 March 2015
I earn a basic and commission, but my commission is less than 50% of my income for the year. I have claimed travel expenses as I use my own vehicle and pay my own petrol etc. I submitted a logbook, but they have disallowed the travel expenses as my commission is less than 50% of my total income. Is this correct? How else can I claim for my travel expenses? As it cost me R58 171. 00 for the year and I should be able to get something back surely?
Submitting tax payments to SARS?
Posted 3 March 2015
I would like yo know how to get started on tax return payments
I am earning R16547 per month, and I am being taxed R1750 per month is this appropriate?
Posted 3 March 2015
I am earning R16547 per month, and I am being taxed R1750 per month is this appropriate?
If you do not pay the m/a premium nor are you the main member, can you claim out of pockets expense
Posted 3 March 2015
If you do not pay the m/a premium nor are you the main member, can you claim out of pockets expenses that are not reflected on your year end statement from your m/a ie they have never been submitted to your m/a?
Are cellphone contracts and Laptop Contracts Tax Refundable if used mainly for work purposes
Posted 2 March 2015
If I have a cellphone contract as well as a contract to pay off a laptop of which both are used mainly for work purposes, I would say 80%. Can I claim Tax refunds on these "assets" and how would I go about calculating the cost of the asset based on the monthly contract price.
Am I correct in what I propose doing?
Posted 2 March 2015
I have dual citizenship. I have resided in the UK for the last 5 years with my children. Income from living annuity is being limited to 3%. I plan to sell my shares over 8 years and remit the proceeds together with the annuity to cover my living expenses and then increase my annuity to cover future shortfalls on my living expenses. I am 75 years old. My intention is to keep my taxable income below the tax threshold. I pay 15% WHT on dividends. I earn no income from any other source in South Afr...
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SARS demanding money that was paid by previous employers
Posted 2 March 2015
My previous employer claims to have paid taxes, and sent me a handwritten IRP5. SARS have contacted me stating that I owe them a large sum of money, which money should have been paid by my previous employer. I will not pay SARS for sums that have already been deducted from my previous payslips. What is my solution?
What to do if I have not completed my tax return with SARS?
Posted 2 March 2015
How can I complete my tax return?
In terms of a divorce summons, what will be taxable if the lump sum pension totals R1 800 000?
Posted 2 March 2015
In terms of a divorce summons, what will be taxable if the lump sum pension totals R1 800 000?
How do you register a newly formed company for tax?
Posted 1 March 2015
Just formed a new pty Ltd company. How do I register the company for tax with SARS ?
Non resident tax payer
Posted 1 March 2015
I am a non resident South African - I have been living outside of the country continuously for approximately 3 years. My only source of income in South Africa is a rental property that I own. I still pay a bond on that property. I have therefore tried to complete my return by noting the above. Is there any other procedures that I should follow as a non resident, in terms of making SARS aware that I am residing outside the country at present?
The definition of current tax
Posted 1 March 2015
What is current tax
Why are No UIF Conrtibutions & Benefits Payable By & To, Commission Earners etc. ?
Posted 1 March 2015
Why are No UIF Contributions & Benefits Payable By & To, Commission Earners?My Income is PAYE Taxable, but I Did Not BENEFIT Financially from UIF, When I Was Re-Trenched/Dismissed & Unemployed For 9 Months :-)
How can I get my SARS tax number easy and fast?
Posted 1 March 2015
I once registered with SARS, How can I get my Tax number easy without visiting the nearest Branch?
Where to declare foreign income on ITR12
Posted 28 February 2015
I am in the US on a work visa. I have not been back to US in over 2 years. I have South African rental income for the 2014 tax year but no salary income. Where do I declare my foreign income on my ITR12? Is it under SARS code 4222 or Exempt Amount i. T. O. S10(1)(o), or both?
How do I pay my provisional tax by electronic bank transfer through ABSA?
Posted 28 February 2015
How do I pay my provisional tax by electronic bank transfer through ABSA?I tried today, but the ABSA list of registered institutions says "instelling rekening nommer: nie beskikbaar nie"
How long do I have to pay back SARS
Posted 28 February 2015
Is there a time frame that taxpayers have to pay back SARS. I submitted my return in November 2014, and I have an outstanding fee of R2200.
Provisional Tax Deadline was Missed, couldn't get IRP6 registration in time.
Posted 27 February 2015
I'm sort of new to provisional tax (couple of recent months) and I was aware that I need to be submit a return by end of February. The one thing I didn't know is that I need to register for (IRP6) before I can submit one. Always saw it online on eFiling and figured it would work as normal (Income Tax section) and never tested the "functionality" so I did ask for a request to register but as it turns out I didn't get it in time. . . So I was wondering what options do I have? Can I get an extensio...
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My company is registered last year October I want to know when must I start make tax returns?
Posted 27 February 2015
I register my company last year I want to know when must I start to make tax returns ?
Classification of income for contract employment and permissible deductions.
Posted 27 February 2015
Hello. I work for a company where I was previously employed full time before I relocated. Now I work on a contract basis (contract renewable annually) performing tasks previously in my job description from a home office which I furnish, equip and maintain myself. I work unsupervised and submit an invoice monthly for a set number of hours worked and am paid an hourly rate. As this is my only income, the company deducts PAYE, but I pay for medical aid, retirement annuities and income protection pr...
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Would a refund from SARS form part of your taxable income?
Posted 27 February 2015
Is a Tax Refund Taxable?
Do foreign nationals working fulltime with part-time work declare tax for monies paid?
Posted 27 February 2015
I am a foreign national on a work permit currently permanently employed and also want to start free-lancing/consultation work. I have had calls from companies/businesses needing my skills and I decided to register a company in my name at CIPRO. The issues are I need a business permit to open a bank account and then register at SARS but this is a huge mountain to climb due to the "unfavorable" requirements required by Home Affairs. If I go ahead with this work whilst I work on my busine...
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Do I need a log book for a sole proprietor
Posted 27 February 2015
Hi Tim, I am a sole proprietor and have a question about deducting my vehicle and petrol for business use. Currently I am deducting 70% of my vehicles monthly installment as well as 70% of my fuel costs from my taxable profit. However I have not been keeping a log book, the 70% is an estimate which in my opinion is a bit lower than my actual business use. Almost all my mileage is for business use. Could I get in trouble for this? Do I need to keep a logbook? If ever asked by sars I could give a ...
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Audit complete, still no refund from SARS?
Posted 26 February 2015
I filed my return on 07/01/2015. I received no communication from sars until 02/02/2015 informing me I was selected for an audit. I submitted all required documents. I received the letter of completion of audit on 23/02/2015. My statement still shows the same refund amount, but since then no refund was paid.
Why am I being taxed on an amount lower than the tax earning threshold?
Posted 26 February 2015
If I earn R5500 am I suppose to be taxed and am a temp?
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