Does the Tax rebate apply to Medical Insurance?

Posted 10 October 2013

Will I still get the monthly tax rebate if I join a Medical Insurance and not a Medical Aid?

I need a copy of my IRP5?

Posted 9 October 2013

I don't have a copy of my IRP5, where else can I get one and be able to print it?

What are recurring SARS penalties?

Posted 9 October 2013

What are recurring SARS penalties?

How soon will I get paid after receiving the second ITA34 assessment?

Posted 9 October 2013

How soon will I get my rebate after receiving the second ITA34 assessment?

What goes under capital allowances on the ITR12 - Income Tax Return

Posted 8 October 2013

What goes under capital allowances?

Notice Pay tax payable?

Posted 8 October 2013

How much does a person get taxed on your notice pay?

How soon after the second receiving the second ITA34 will I get paid?

Posted 8 October 2013

How soon after I received the second ITA34 assessment will I get paid?

Am I owed a refund if my second ITA34 shows an amount of R0 and the statement of account is -R14 000

Posted 8 October 2013

What does it mean if my first ITA34 showed an amount of R-14000 and SARS then requested additional documents which I submitted. They then sent a second ITA34 which showed and amount of R0.00. The statement of account still reflects R-14 000. Am I getting a refund or am I not getting anything?

Can I claim travel expenses for unpaid charity work?

Posted 8 October 2013

I work for a software company three days a week and on the other two days I provide unpaid help to various charities. Am I able to deduct the travelling expenses to and from the charity projects in my tax return?

Rental income - offsetting expenses for tax purposes?

Posted 8 October 2013

We only managed to get our first tenant from 1 October. Do we accrue only the expenses - interest on bond, levies, rates, etc. - from 1 October, or for the entire financial year?

What needs to be put on the dispute form?

Posted 8 October 2013

What do you need to put on your dispute form as I made an error with my income on my tax return and now I have been audited.

What is the tax on performance bonus?

Posted 8 October 2013

If I earn R20 000 per month and receive a performance bonus of R10 000, how will my tax be calculated?

Resubmitting of tax?

Posted 8 October 2013

I sub-letted my SARS tax return about 4 weeks ago can I resubmit .

What documentation is required to show income and expenditures from rental income?

Posted 8 October 2013

I recieve additional income from rental. I have an agreement with my tenants that they pay a percentage of the electricity and rates bill, the ADSL bill and the domestic staff. If I were to be audited, what documentation would I need to provide in order to prove these expenditures seeing as they are not the total amount invoiced on the ADSL or Electricity Bills?

Personal tax of small business owners?

Posted 7 October 2013

Hi Tim. I have a trading business registered as a Pty Ltd that I started this year. The company only makes enough to cover its costs as it is still in its startup phase. I do not pay myself a salary as I do not have much in the way of living expenses. How would I treat my personal tax return?

Can I claim back expenses against PAYE that relate to an income I have not yet received?

Posted 7 October 2013

Thank you very much making this forum available to us.
I work as a salaried software developer 160 hours a month, I earn a salary and pay PAYE. I also work at home doing work for a client. I will only be able to collect an income from the client after the system I'm developing is complete, which will probably be in around 8 months, this is simply the nature of the business. I'd like to know if I am entitled to claim any expenses that I am currently paying to support the work I'm doing for...

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Is epilepsy considered a disability?

Posted 7 October 2013

I've been told that Epilepsy is classified as a disability. Please advise if I should reflect this on my return?

What is the periods in the year of assesment and the number of periods worked ?

Posted 7 October 2013

How would you determine the Periods in the year of assessment and the number of periods worked if this amount is not stated. However the period that the individual was employed from is the 1 March 2012 - 28 February 2013.

What is an IRP3?

Posted 7 October 2013

What is an IRP3

I need to know what type of tax return I should do and why?

Posted 7 October 2013

I need to do my income tax returns but I am unsure weather I should do provisional Tax returns IRP6 or ITR12. I am Member and Director in multiple companies and CC's. I however only received income from 1 company in the form of a salary and then rent that I receive from 1 house that I own in my personal name.

I do not receive any other income from the various companies.

I wish to use eFiling to to submit my ITR12, but need VDP No to file it?

Posted 6 October 2013

What is a VDP No issued by SARS?

What is the tax liability of past sole proprietor?

Posted 5 October 2013

I'm looking at buying a business that is owned through sole proprietor.

If I buy and become the sole proprietor who would be liable for any tax issues once I own it for the past?

Would it be me or the owner before?

Are students with no income eligible to pay tax on gift money from family living abroad?

Posted 4 October 2013

I'm a student with no form of income as my parents are paying for my studies. My aunt from the USA sometimes transfers money to me as a gift. How much can she send annually before it becomes eligible for tax?

Rental income- gross income?

Posted 4 October 2013

For the purposes of calculating one's taxable income, does one include the rental income received for leasing out a flat in their income?

Closing date for 2013 ITR12 income tax return submission?

Posted 4 October 2013

When is the closing date for submitting personal tax documents?
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