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Latest Posts in Tax Q&A

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

  Written by Marc  

What is a VDP No issued by SARS?

What is the tax liability of past sole proprietor?

  Written by Marc  

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?

  Written by Marc  

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?

  Written by Marc  

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?

  Written by Marc  

When is the closing date for submitting personal tax documents?

Can a person pay both employees tax and provisional tax?

  Written by Marc  

Can you pay both provisional tax and employees tax if you are a salaried employee who also has his own small business?

I need to find my tax number?

  Written by Marc  

How do I find my tax number?

Medical care claims for someone not on medical aid?

  Written by Marc  

My mother is not on my medical aid. When she was hospitalized I paid R80 000 in medical bills. I have all my receipts. How can I claim this from SARS?

How to read original and additional assessment from SARS.

  Written by Marc  

I was employed in South Africa from Jan'2011 till 1st Aug'2013 (relocated to USA). I have filed my tax in 2011 and 2012.

Now I filed my tax return for 2013 through eFiling with all supporting documents. Post submission, I got an original assessment which showed me a credit of (ZAR -37,000); however it was also selected for audit and today after a month, there is another version of IT34 uploaded which shows an amount of (ZAR 820) which I need to pay to SARS. They have also mentioned that this IT34 doesn't show any amount calculated in previous assessment and that my statement balance is now (ZAR 37000 - ZAR 820 = 36,180)....



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Confused as to how I should register my business?

  Written by Marc  

I am stuck as to what type of business to open. Whether a close corpration or company? I have seen that the close corporation has been discontinued. Is there another option for a small business?

Recouping Tax Deductions From Previous Tax Year?

  Written by Marc  

Is it possible to claim a deduction for tax in the following tax year which you have incurred in the previous tax year?

Can lodge an objection if I think my filing was incorrect?

  Written by Marc  

If I completed my eFiling, and received a payout can I request a amendment as I think I filed my tax incorrectly.

How do I get my tax number?

  Written by Marc  

I forgot my tax number I need it now for a new.

What is the South African area code?

  Written by Marc  

What is the South African area code?

How do I work out my taxable income from my salary slip?

  Written by Marc  

I started earning extra wages outside of my salary in February 2013 and so I have registered for provisional tax. On my IRP6 I need to fill in my gross turnover(which I understand to be my gross salary other income including my rental earnings, wages earned and interest on investments) and then my estimated taxable income (which I understand to be my gross turnover minus my costs, retirement annuity contributions and my pension contributions). How do I work out the taxable portion of my salary ...



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How long after ITA34 does SARS attend to payment

  Written by Marc  

How long does SARS have to attent to payment after the ITA34 is issued?

What is an AP34?

  Written by Marc  

There is an AP34 on my efiling 'main page' that shows an amount owed to SARS for 'ITR12 non-submission 2010'. I requested an account statement and the balance on the statement is R0. Now I don't know: do I or don't I owe SARS money? All my returns are currently up to date - I had outstanding returns last year, but got a bookkeeper to get everything up to date. She submitted all the documents requested by SARS after disputing a revised assessment of 2010 - the dispute was allowed, all penalties ...



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Should a person over 65 pay tax on a pension from a late spouse's place of employment?

  Written by Marc  

If an old lady who is over the age of 65 is still earning a salary, but gets a pension from her dead husband's place of work. Should her current employer reflect that income on her taxable income?

Tax on interns

  Written by Marc  

I'm in a w&r SETA internship. I earn 3000 a month and would like to know if interns also get taxed?

Tax Practitioner's number?

  Written by Marc  

What do I fill in on the eFiling form if I do not have a practitioner's number?

Request for Tax number?

  Written by Marc  

My father passed away 2012/05/18. So I'm asking for his SARS record please.

Do continuous lump sum deposits from my parents get declared and taxed?

  Written by Marc  

I am currently working and earn R10 000 a month but my parents still send me R12 000 every 3 months in to my bank account which I then use to pay for college studies for the next 3 yrs. Does the 12 000 from parents get taxed as well?

I am confused about how to submit provisional tax returns.

  Written by Marc  

I want to submit the provisional tax returns?

Commission earners and staying up to date on what you can claim and what portions

  Written by Marc  

Hey TimI am back and this year I have subscribed to your service so I'm looking forward to easy filing!I do have a couple of questions, keeping it high level, as I earn the majority of my income on commission and spend quite a lot of my own income in making that possible. I'll just dive right in:A.) Can I claim depreciation on my 1.) Car and 2.) Scooter - how do I calculate that and where do I put that on my return if I can?B.) Can I claim insurance expenses on 1.) My Home Office and 2...



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Do SARS have the right to dictate where my refund is paid out?

  Written by Marc  

I went to verify my bank details at a SARS office only to find I have a third party bank account and I quote from SARS website "A third party account is an account where there is a main member but a secondary member has signing authority. No change of banking details will be allowed by a third party. If the secondary member is the taxpayer to whom a refund is due, he/she will have to open his/her individual bank account."
I have a problem with this. I closed my personal account to avoid du...



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