Which is the best way to maximise your return using the travel allowance?

Posted 11 March 2014

There are two ways to calculate travel allowance that is deductible. One is where you keep actual expenses and the other is where there is a table of fixed costs, maintenance etc depending on the value of the car. Which can maximise your refund? And can the capital value of the vehicle be deducted or considered besides for the purposes of determining running costs?

Do travel days count towards 183 days out of country?

Posted 6 March 2014

Do the days of travel to and from SA count as being out of country?

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?

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....

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SARS wants me to submit supporting documents, but the document list is empty

Posted 20 February 2014

I think SARS owes me a refund because my ITA34 reflected a negative number and said "refund due to you". Anyway they are now giving me grief, disputing my refund and demanding I respond in 21 days by sending me a "Final Request to Revise Income Tax Return or Submit Relevant Material". However in this document they say: "In the event that you couldn't find an error, you also had the option of submitting to SARS copies of the following material in support of the declarations made in your income tax return:" This is followed by an empty document list. ...

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SARS requesting private km and logbook for everyday of the year in addition to business travel?

Posted 18 February 2014

I'm claiming tax on my travel allowance and submitted my logbook based on the SARS logbook. Earlier today I was notified that my travel claim is disallowed. When I called them they said I should add my personal travel and mileage for everyday of that tax year. Is this normal? I thought SARS was only interested in business travel.

What is the PAYE formula?

Posted 17 February 2014

Mr ab is paid a monthly salary of R20 000 as well car allowance of R2 500. He belongs to company pension fund and contribute an amount equal of 7.5% his basic salary. The company does the same. He is also member of medical aid and his total contribution is 2100 of which the company contributes half.

How do you calculate this?

WEAR-AND-TEAR OR DEPRECIATION ALLOWANCE of INCOME TAX ACT NO. 58 OF 1962?

Posted 28 January 2014

WEAR-AND-TEAR OR DEPRECIATION ALLOWANCE of INCOME TAX ACT NO. 58 OF 1962
is it still valid - can I use this list of depreciation in 2014 or has there been changes made?

tax rebatre for branded vehicles

Posted 23 January 2014

What are the rules regarding company vehicles and branding of company vehicles, is there a tax benefit to the driver of a company vehicle if it is branded?

Removing uploaded documents off sars e-filing

Posted 17 January 2014

Is there a way to remove supporting documents that I have uploaded on the SARS eFiling website?

Tax on leave buyback?

Posted 14 January 2014

Some are saying that when an employer buys back leave, the employee is taxed at 50%. Is this correct?

Is TaxTim compatible with Iphone 5

Posted 13 December 2013

Is Tax Tim logbook, compatible with Iphone5. Is there an Tax Tim app for iphone

Contractor Claims - source code 3616

Posted 5 December 2013

I am an independent contractor code 3616. I use my vehicle for for business purposes and have an RA.

1) Must I have an RA to claim the max 15% RA deduction or can I claim irrespective having one or not ?
2) My vehicle is paid up, can I still claim the monthly ISA installment I used to pay ?
3) What are the entertainment expenses I can claim ?

Office Allowance source code 4028?

Posted 5 December 2013

I receive office allowance as an income and now my accountant tells me I should have this under code 4028 as a deduction. How does one qualify to have this kind of allowance?

Tax return for laptop

Posted 1 December 2013

I have purchased a dell laptop few months back online in Germany. Now, I am leaving germany permanently and will settle down in India. It is written in Frankfurt airport website that "If you are leaving the European Union and live outside it, you are entitled to refund on the value-added tax paid on all merchandise purchased within the EU." So, can I claim for the tax return for my laptop in the airport although it was purchased online and already used for few months Please let me know...

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I am disputing my payment with SARS?

Posted 28 November 2013

I have files a notice of objection as I do not think I was reimbursed for my travel expenses. How long will it take for SARS to come back to me?

Where on on the ITR12 do purchases like PC's under R7000 get filled in? And Internet Expenses?

Posted 23 November 2013

For Home office outlays where on the ITR12 form would I put R1400 spent on a new Hard Drive for my business computer and R4500 for a Laptop - do they go under capital expenditure?

And are 3G or ADSL Internet expenses added to telephone costs and put under the Telephone heading?

Tax problems for traveling?

Posted 22 November 2013

From what year did you have to submit a logbook for travel allowance?

IRP5 has more than 8000 km booked on source code 3703?

Posted 21 November 2013

My employer books my business travel on 3703, however last year I traveled more than 8000 km (11 000 km). This has triggered an audit of my tax return and resulted in me having to pay full tax on the 3703 amount. To my understanding, I should object this and ask my employer to update my IRP5 to 3702, which I then send as a supporting document with my objection. Is this correct?

I have approached my employer, they say they are unable to change my IRP5 and I should simply pay the tax. I believe this is incorrect....

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What deduction can be claimed under a 3717 housing subsidy allowance?

Posted 21 November 2013

What deduction can be claimed if I received a 3713 allowance and the allowance was for a housing subsidy and under what source code will I complete the deductible amount?

As a financial planner, what deductions can be claimed?

Posted 21 November 2013

As a financial planner (commission based only), what deductions can be claimed?

S10 exemption - how to disclose income on SA tax return?

Posted 16 November 2013

While working on a cruise ship - we get a salary + uniform allowance + commission. but seeing that the section 10 exemption will be meet how do we disclose this on the SA tax return? Just one amount or disclose each separately?

Do I sumbit a tax return?

Posted 15 November 2013

How do I know whether I need to submit a tax return? I am registered but have never submitted a return. I find the sars website a little confusing as they state: 'You are liable to pay income tax if you earn more than R63 556 in the 2013 year of assessment, and are younger than 65 years of age. ' BUT also state: 'What is the threshold for the non-submission of ITR12 returns for individuals for the 2013 year of assessment?Although a taxpayer still has to register for income tax he/...

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Must IRP5 be part of supporting docs?

Posted 15 November 2013

I do not have a copy of my IRP5, it was however submitted to SARS as it reflects on eF.Sars asked for supporting documentation, can I just submit the med certificate and logbook or must I get a copy of the IRP5 as well?

Problem with eFiling Tax calc?

Posted 12 November 2013

When submitting my eFiling I am unable to enter my Travel Claim details. Also, when I look at my Tax calculation there is a R0 total shown next to Medical Expenses.
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