Cell Phone Expenses as a tax deduction?

  Written by Marc   Posted 7 July 2014

On my IRP5 for 2014, my commission (code 3606) is more than double my actual salary (code 3601). If this is the case, may I claim for any costs incurred for cell phone expenses for the 2014 tax period?

ITR12 option not available

  Written by Marc   Posted 7 July 2014

My SARS eFile does not have ITR12 option under my "Returns Issued"...it only has "Provisional Tax (IRP6)". What should I do?

Electronic refund and reversal on my ITSA from SARS?

  Written by Marc   Posted 7 July 2014

My ITSA for 2014 shows an electronic refund then a reversal. And I submitted my return on the 1st of July and still haven't received my refund. What does this mean?

Tax calculation on R850 000

  Written by Marc   Posted 7 July 2014

How much tax will I pay on R850 000 say if I resign end of this year

Statement of Local Assets and Liabilities (SOALA01) on personal tax return?

  Written by Marc   Posted 7 July 2014

My personal tax return is asking me to fill out a Statement of Local Assets and Liabilities (SOALA01).
Why am I been asked to do this? How can I get it away?

I work at a company and earned some income from unit trust investments. I don't own a business.

Office Expenses Disallowed?

  Written by Marc   Posted 7 July 2014

I have submitted my tax return and submitted the supporting documentation after a request to do so for an assessment/audit. I have received the outcome of the assessment to say that the home office expenses are disallowed. Which is odd, seeing as I went through the same process last year (including assessment) and they were allowed. I have two IRP5's from different employers and for the one, I 100% do the work from home. Is it worth disputing the outcome of the assessment or should I just le...

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Can I redo my tax return after submission?

  Written by Marc   Posted 7 July 2014

Can I resubmit my tax return after I eFiled? I am not happy with the figure?

I am permanently blind in one eye, will I be classified as being disabled for income tax purposes?

  Written by Marc   Posted 7 July 2014

I am permanently blind in one eye, will I be classified as being disabled for income tax purposes?

Medical Aid deduction not calculating on eFiling?

  Written by Marc   Posted 7 July 2014

I pay my medical aid out of my own pocket every month and I have 3 dependents. When I fill out my medical aid on my e-filing section (4040 and 4020), the tax calculator does not change. I am sure I should be receiving something back for medical expenses. I pay - R5000 per months for medical aid and I have also had around R14 000 expenses that the medical aid did not cover. Is there something wrong with eFiling ?

Offshore money received from my brother for me to buy property in RSA.

  Written by Marc   Posted 7 July 2014

Hi Tim..i received R500 000 from my brother in Australia (he is an Australian Citizen) so for him that was like only 50 000 Aus dollars to help me get a deposit for a house here in RSA. For the outstanding amount I got a loan at a local bank. Which one pays the tax?

How do I claim medical aid contributions made after being taxed?

  Written by Marc   Posted 7 July 2014

I have made medical aid contribution from own pocket after being taxed, how do I claim that back from the tax man?

Commission only and use my car for work, what are the income tax implications?

  Written by Marc   Posted 7 July 2014

I earn commission only and I use my car to do business, how do I submit my ITR12 return to SARS?

Schedule of depreciation

  Written by Marc   Posted 7 July 2014

I am a 100% commission earner and was requested by SARS to to forward a schedule of depreciation for my vehicle depreciation claim, I forwarded my calculation formula : purchase price/5 years * 10 months, I only bought the vehicle in May 2013. The schedule was however not accepted due to insufficient info, please advise what other information needs to be on the schedule of depreciation.

registered as a tax practitioner?

  Written by Marc   Posted 7 July 2014

Is TaxTim registered as a tax Practitioner? how do I know I am dealing with a legitimate consultant?

When does SARS pay the refunds in 2014, is it still within days like the years before?

  Written by Marc   Posted 7 July 2014

I submitted my 2014 SARS returns on the 5th of July 2014.I got an SMS from SARS this morning (07/07/14) which says my first payment (refund) will be on the 1 of Aug 2014 and the 2nd one of the 31st of Aug 2014.
Am confused as to what this means cause previously,their turn around time on Refunds was anything between 2 to 4 days.Please could you help me understand.

Registration of 2nd vechile

  Written by Marc   Posted 7 July 2014

how do I register a second vehicle? We sold one and bought a new one in January?

Change SA address to overseas address

  Written by Marc   Posted 7 July 2014

I live overseas and need to change my address. I am not registered for eFiling and I wont be going to SA till next year. Can I do this online without having to print? What to do?

Tax on interest when abroad

  Written by Marc   Posted 7 July 2014

Regarding the residency question - If you earn interest(South African source) with no other income, spend more than 183 days out of the country, will that interest be subject to tax. Lets assume the interest earned is R250 000 for the year. If this isn't tax free, would the opposite be true where by the interest is from a foreign source yet you are resident in SA but do spend more than 183 days out of the country.

Internship Tax

  Written by Marc   Posted 6 July 2014

If I interned for 2 weeks and paid tax but got paid less than R67K, can I claim the tax back?

Benefit of Medical Tax credit for foreign medical policies ?

  Written by Marc   Posted 6 July 2014

I am a foreign national, working in South Africa on basis of a work permit. I am paying medical insurance premium in my home country. Can I take the benefit of medical tax credit ?

Company car, claim back business kms at end of month where do I put it in on my tax return?

  Written by Marc   Posted 6 July 2014

If I drive a company car and claim my kms travelled for business back at end of the month where do I put that in on my tax return?

Reviewing assessment

  Written by Marc   Posted 5 July 2014

I got this message on my eFiling profile. Can you please tell me what it means?
Please note that your return cannot be processed as SARS is currently reviewing your assessment. The return will be reviewed as part of this process. SARS will advise you on the outcome in due course

And also it says selected for audit or verification. How do I know which one?

Can renovation costs be considered maintnance costs?

  Written by Marc   Posted 5 July 2014

I use my home as a home office and to this end, claim office expenses (15% of household expenses such as levies, electricity, insurance etc). I did some major renovations during the last tax year, can I claim a portion (15%) of these renovation costs as a maintenance cost?

Do I need 2 tax numbers 1 for my business and 1 for myself?

  Written by Marc   Posted 5 July 2014

I am unemployed and would like to start a small business.
I am planing to open a business bank account under (CT Plumbing). Sole Priority.
1.) Do I have to get a new tax number from SARS for this business or can I use my tax number when I was still working for a company?
2.) If so how many tax numbers should I have? for example one for my business and one for me?

Tax claims

  Written by Marc   Posted 5 July 2014

I would like to know if it is possible to claim back on transfer and bond registration fees when we bought a house in 2014 tax year?
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