Can I deduct car finance payments for tax purposes against a travel allowance?
Posted 5 July 2013
I do not lease a car, but I receive a car allowance. Can I deduct my car finance payments or the interest?
Is the R3 700 exemption for foreign dividends and interest still available for 2013 tax year?
Posted 5 July 2013
Over 65's have an exemption of R33000 on local interest earned. A portion of this exemption (R3 700) was allowed for foreign dividends and foreign interest in 2012 tax year. I am not sure if this still available in the 2013 tax year?
What must I do or what is the next step after receiving a letter(completion letter) from SARS?
Posted 4 July 2013
I filed my taxes and documents were requested by SARS which I sent through. I received a letter called a completion letter. THis is what the letter says " Dear Taxpayer
VERIFICATION OF ASSESSMENT
We refer to the verification of your assessment for the 2013 tax period. Please note that no adjustment has been made to this assessment. However, in terms of the Tax Administration Act the South African Revenue Service reserves the right to conduct further reviews in future if required....
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My Old Employer's Accountant is refusing to issue me with an IRP5
Posted 4 July 2013
My Old Employer's Accountant is refusing to issue me with an IRP5 based on an old salary dispute. How should I handle this? It has been submitted to SARS as the information appears on my ITR on E-Filing. I'm scared to submit the return without having the IRP5 incase I get audited. Help!
Do I still have to register with SARS and fill in a tax return?
Posted 4 July 2013
In 2012 I was paying PAYE, I got an IRP5 from work but did nothing with it as I didn't know what it really was. Then in February 2013 they raised the threshold and I no longer earn enough to pay tax. Should I still fill in a tax return for 2012? Will they charge me late fees for this?
I didn't get my IRP5 and it wasnt loaded onto SARS
Posted 1 July 2013
I just want to find out, my previous employer hasn't sent me my IRP5, and also the accountant doesn't return a response either about it. How can I get my IRP5?
What supporting documents must l add to my personal tax return?
Posted 27 June 2013
I'm busy doing my personal income tax and don't know what documents I must submit example medical just know about my IRP5/ I'm in a medical fund so what must I declare will you please help me Tim?
What documentation do you have to carry with you when you go to SARS to do your tax returns?
Posted 26 June 2013
What documentation do you need to submit your tax returns claim to SARS?
What is the limit for tax free donations?
Posted 26 June 2013
Hi Tim
My girlfriend sold a house she inherited from her deceased mother and would like to split the income with her sister. The amount is approx R500 000, is there a way to transfer the money as a lump sum to her sister tax free?
An accountant advised us to "loan" her sister the whole amount and then to pay off the loan in lumps of R100 000 per year to avoid the 20% donations tax, but every year she needs to complete a declaration together with her tax form submission. Is ...
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Tax on leased property?
Posted 25 June 2013
I rent out my property but still pay a bond. This is not my primary residence. Do I still need to pay tax?
Study expenses for my son?
Posted 17 June 2013
My son studies away from home and I pay all his expenses. He has a study loan. I pay the interest on his study loan amounts to R 1000 per month. Can I claim any of his expenses back?
what happens if my ex boss refuses to do my IRP5 form?
Posted 3 June 2013
Does my ex boss have to post my IRP5 form on line to SARS, or do I have to?
Late taxes, will I be penalised?
Posted 30 May 2013
I did not submit a tax return last year. What can I do? I assumed employers did it for you! Are there fines involved?
What to do with following expences whilst renting out student accommodation (commune)?
Posted 30 May 2013
Part of Personal income.
1. Do I enter bond payments for the property anywhere?
2. What about security payments to Chubb?
3. What about Furniture & appliances - all rooms are furnished.
I am owing SARS, but they owe me a refund, now what?
Posted 28 May 2013
I am owing SARS an amount of R 1000.00 and there is a refund due to me in an amount of R 8000.00 , I have made arrangements as to how to pay the money owed to SARS. My question is can't SARS actually minus the money I owe them from my refund although an arrangement has been made? I was actually told that I would not receive what is due to me if I don't pay the outstanding money.
Lastly how long does it take for SARS to pay your refund if you have submitted via e filling .
Not working, but received a SARS penalty?
Posted 27 May 2013
I have not submitted SARS returns as I was not working and not working. They have issued a penalty.
Am I liable for a penalty that was a SARS error because not disputed within reasonable timeframe?
Posted 24 May 2013
I submitted a return for the first time myself in 2012. It was previously done by a colleague who was rather knowledgable. Each previous year (3 years) the outcome was a R0.00 balance as I do not have any medical aid, retirement, etc. Nothing had changed since then. She advised telephonically on how to submit and it was done.I have now received an sms last month (April 2013) stating that I am liable for R15k. Upon investigation with my HR department, they found that the income (IRP5 info) was du...
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When do you submitt your IT3(b) certificate?
Posted 24 May 2013
I recenlty received a IT3(b) now I dont quit know whether the amount of money reflected there will be given to me or it is an amount that I already have received.
Tax number for a retired person with Residence Permit?
Posted 22 May 2013
How can I get a Tax number in SA when I don't have an income in SA?I have some interest income from my bank in my origin country, they claim I need a tax number in SA.How can I register to get that?
Procedure in submitting IRP5 form and steps thereafter?
Posted 22 May 2013
I have an IRP5 tax return form from my company and want to know the procedure to submitting and whats the procedure thereafter?
How do I calculate fringe benefit tax on my vehicle?
Posted 21 May 2013
vehicle was purchased 2009 on hp, value including vat R433000.00 deposit R95000.00, financedamount R379000I use the car daily to go to work/home but am on clients sites most days for business.not sure how to work out paye monthly on this?rose
If I do 183 or more and 60 cont. and get paid from a company abroad I am tax free so to speak?
Posted 19 May 2013
Now, if I do 150 and 60 cont. I need another 33 days to be tax free. Let's say I have a vacation in botswana and namibia for 40 days, do those days count towards my tax days.
late submit and refund, now what?
Posted 18 May 2013
We only found out in April that our tax forms for 2010 and 2011 were not submitted so we did it and got a refund on that 2 years. So submitted the 2012 tax forms but on this one we own SARS money we paid it! So for 16 days we waited for the refund money we call them Friday and they said we need to bring them the deposit slip and we must pay the penelty before they can refund us, but by my understanding that penelty will be taken for the money that they own us or do we have to pay the penelty and...
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Will I pay penalties?
Posted 17 May 2013
I have been working for around 12 years in permanent jobs, and have never registered for tax, I want to now register as a tax payer. Will I have to pay penalties for this?
I was late in submitting my returns and a penalty notice was issued.
Posted 12 May 2013
I was late in submitting my returns and a penalty notice was issued. I then (very quickly) finalised my returns which showed that SARS would owe me a refund. Does SARS deduct the penalty from my refund or do I have to pay the penalty first?
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