Have a business of 2+ months old, incurred expenses, want to know if I must register for taxes?

Posted 27 February 2014

Good day, I have registered a new business last year December 2013, and want to know if I should register for tax. At this moment I don't earn any income, only had some expenses for my business. Can I register for tax and claim the expenses incurred for the months of December to February?

Resubmitting an assessed and audited tax return?

Posted 27 February 2014

How do I go about changing a tax return (increase income), that has been submitted, assessed and audited (no problems found by SARS) in a prior year? If indeed possible, would there be any penalties? (Assuming that taxable income remains below the thresh-hold).

Is the UIF calculated on Taxable income or the Gross incnome?

Posted 27 February 2014

Is the UIF calculated on the Gross Income or Taxable Income?

Creating an IT3(a) for SARS?

Posted 27 February 2014

I have a IT Consulting Company, I need to complete an IT3(a) how and where do I go about doing that?

Can CGT be deferred in this instance?

Posted 27 February 2014

As a pensioner I have sold 2 flats that were getting too difficult to manage long distance. I have re-invested the proceeds in ETFs. Both these instruments were/are meant to be sources of retirement income. Do I have to pay CGT or can it be deferred until I draw from my ETFs?

Debit Pull on eFiling?

Posted 27 February 2014

Is it possible to do a VAT split payment debit pull on efiling?

Can you deduct travel expenses to & from coaching as an independent contractor if you keep a logbook

Posted 27 February 2014

If you work 2 jobs - 1 part time with a salary (office job) and the other ad-hoc coaching of sports. Can you deduct travel expenses for the travel to and from the ad-hoc coaching? [I know you can't to and from the work place for the salaried job.]

And what other deductions can you make besides the medical tax credit?

Type of tax to be paid and how?

Posted 26 February 2014

If I invest a lump sum in a diversified portfolio of shares, bonds and property and plan to earn an income from the capital, say R100 000 a month which type of tax would I pay and how?

Provisional Tax

Posted 26 February 2014

Good day

I am 53 years old and retired. I currently received income from 2 pension funds (only source of income). Must I register for provisional tax.

If my employer doesn't give me my IRP5 how can I submit by SARS?

Posted 26 February 2014

If my employer doesn't give me my IRP5 how can I submit by SARS?

A donation of R100 000 to children will it reduce your tax or what is the benefits of doing it?

Posted 26 February 2014

If you declare a R100 000 donation to your children will it help reducing you tax or what benefits is there in doing it?

If you declare before 28 February that you donate R100 000 to your children what impact will it have

Posted 25 February 2014

If you declare before 28 February that you donate R100 000 to your children what impact will it have on your individual tax?

What is the meaning of the term "Rating Percentage" as found on the ITA34?

Posted 25 February 2014

What is the meaning of the term "Rating Percentage" as found on the ITA34?

Returns not requested by SARS do I leave it?

Posted 25 February 2014

I submitted all the outstanding returns SARS requested. However, I see SARS did not request returns for 2009 and 2012. I am sure I have never submitted those years. What do I do? Request the returns or wait for SARS to request?

Also, a refund is due to me. But my bank details changed. Do I just upload the new details?

I was living abroad for a couple of years studying and working, do I need to do a return?

Posted 24 February 2014

I was wondering, I've been a student for the last 2 years in the U.K and worked during the third earning less than about 170,000 rand. Whilst I was studying I visited South Africa for about 2 weeks to sell some land at a loss, would I need to do a return this year as I was principally overseas? I have never worked in South Africa prior.

Additional tax claim from 2009 - what to do?

Posted 24 February 2014

I heard that we can claim additional tax back from 2009. Do you know if this is true that we paid more PAYE as we suppose to and can claim tax back?

SARS audit

Posted 24 February 2014

If I have done my provisional tax on eFiling, how many days does SARS take to do an audit? Or ask supporting docs?
Thank you

Business returns and provisional tax

Posted 24 February 2014

Must I make payment immediately on e-filing where it says "make payment" or must I wait for SARS to email me for confirmation amount due?

Can I use the basic amount for this month's IRP6 return ???

Posted 24 February 2014

Is it essential to estimate a taxable income on the SARS eFiling IRP6 form, or can I use the basic amount as stated on their form.

This was the taxable income for the 2013 tax year.

Will I get money back from SARS by joining a medical aid even a cheap one?

Posted 24 February 2014

I am not on a medical aid, if I go on a cheap one will I get money back from SARS?

How much will I get from SARS if my income tax is 52 212,00

Posted 23 February 2014

How much refund will I get if my tax income is R52 212;00

By who provisional tax is paid?

Posted 23 February 2014

Who pay privisional tax

How do I claim study fees from my employer without being taxed heavily?

Posted 23 February 2014

I have a query regarding the payment of exams.
I recently registered and paid via my credit for an expert certification exam costing R20000.
My company agreed to pay half of the amount on condition that I sign a document stating that I will be liable for the amount should I fail or leave the company.
Unfortunately due to the scarce availability of seats to write the exam I had to use my personal credit card to book a seat as one became available or risk not being able to sit for the exam....

Read more →

Does the marriage of a non resident to a resident in the Republic deem them a resident in the Rep.?

Posted 23 February 2014

Does the marriage of a non resident to a resident in the Republic deem them a resident in the Republic? They do not meet the physical presence test and aren't ordinarily resident in the Republic.

Provisional Tax and charging Tax?

Posted 21 February 2014

If I were to open a small company (sole proprietership) doing plumbing work, would this make me a provisional tax payer even if its my only source of income? Also, on my invoices I would send out to clients for jobs done.. would I charge tax on these invoices?
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