Does your medical aid payments back into your cheque account counts as income?

Posted 16 July 2013

Should you show your payments from your medical aid into you account as income or is it just income your earn? Any other cash backs and / or paybacks which you already paid for gets ignored?

What does the "-"before the calculated tax amount mean?

Posted 16 July 2013

I am trying to submit my SARS tax return and when I selected the calculate button it gave me a breakdown of income etc. My question is though, my calculated tax result says -R4568. What does this mean? Do I owe the South African Revenue Services this money or is this money due to me?

PAYE on R5 000 and under? What do I do?

Posted 16 July 2013

I just want to know if my employees should pay PAYE on R5 000 per month and lower? Or can I only deduct UIF?

FILING RETURN FROM OUTSIDE SA?

Posted 16 July 2013

I worked for some months & paid tax also. Now I am back to my country. My employer gave me an IRP5 form. Please let me know how I can file return form here. Is my foreign bank account acceptable as my SA bank account is closed now. Please let me know what else need. I'm ready to pay more.

An employer purchases a motor vehicle for 40k and sells it to his key employee for R20k?

Posted 16 July 2013

Can the business deduct a loss on an item bought and resold immediately? The business is an engineering company.

When will I receive my tax refund?

Posted 16 July 2013

I have submitted my returns and was selected for audit. SARS requested additional documents which I provided. I received an assessment and some of the deductions were not included, I then submitted notice of objection. I received a revised assessment this morning and it reflects a negative amount. The statement of account also shows that a refund is 30 days due. When can payment reflect in my account?

Is Forex income not classified as capital gains tax?

Posted 16 July 2013

A certain amount of capital is grown by means of buy and sell transactions leading to profits and losses.Is forex income not classified as capital gains tax?

Freelance Consultant - Income Tax Registration?

Posted 16 July 2013

My wife has recently obtained her South African work permit (We are Indian Nationals) and will start work with a company in Johannesburg. They have asked her to register with SARS and provide a Tax Reference Number for her to be paid. I am a bit confused about how to go about registering.

I can't download Adobe Flash to view my ITR12 on eFiling

Posted 16 July 2013

I can't get my income tax return to display in SARS eFiling. It says something about needing Adobe Flash player or something.

Verification of Income Tax Declaration

Posted 16 July 2013

Hi Tim. Your website is great & the questions & answers very helpful indeed. I recently submitted my ITR via E-Filing, my IRP5 information appeared on my ITR (I didn't change anything). After I submitted it, it reflected that I'm due a refund of R7600. I then got a letter from SARS saying certain declarations that were made appear not to be correct or in agreement with other data which SARS has & I need to submit supporting documents. For source code 4102, a PAYE credit of ...

Read more →

I am earning R6500 as a receptionist, how much Tax and UIF should I be paying?

Posted 16 July 2013

I don't know anything about Tax and need to know how much PAYE and UIF I should be paying on R6500

What is a additional assessment from SARS?

Posted 16 July 2013

I did my eFiling as usual,then I got a ITA34 which said that they owe me money, then they requested that I give them the supporting documents, which I handed in at the SARS offices. I phoned them after a couple of days because they said that I will receive a notification within 48 hours which I did not hence the reason for my call. The lady then said that it can take up to 30 days for it to be processed, but then on the very same day later in the afternoon, I got a notification on e-filing to sa...

Read more →

SARS Income Tax brackets?

Posted 16 July 2013

I earn a basic salary on which PAYE is not payable, but I also earn commission sporadically on which I do pay PAYE. Do I have to pay PAYE on the total income earned or is it separate as the commission is not a set monthly income?

Hi Tim I earn only commission..Just want to make sure that the place I work at used the right code?

Posted 15 July 2013

they used code 3606 and 3698 on my IRP5...will SARS pick up that this is commission from that code?

My IRP5 is wrong, how do I fix this?

Posted 15 July 2013

What do I do if I was told at the SARS office that the code on my pension fund payout is wrong. How do I go about getting it change to the right code if I'm no longer with the company?

Medical Aid contributions on my tax return?

Posted 15 July 2013

I am paying roughly R1 400 on a medical aid for myself and a spouse.
The payments are made through the company, but the full amount is deducted from my salary per month, and the company does not contribute any portion. Does this mean that I am paying the medical aid myself, and can claim as such, or does this mean that I cannot claim these amounts for a tax return?

List of abbreviations of nationalities in South Africa on the ITR12?

Posted 15 July 2013

What is the code for South African - ZA?

VERIFICATION OF ASSESSMENT LETTER

Posted 15 July 2013

I received a letter from SARS requesting me to submit supporting docs. I have unfortunately misunderstood the system and only submitted my medical aid tax form. I now have a Verification of assessment letter from SARS saying: 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....

Read more →

How do I submit supporting docs with my eFiling tax return?

Posted 15 July 2013

I have letter from Salam for RAF & medical claims not paid by medical aid

Tax and overtime - refunds?

Posted 15 July 2013

I would like you to explain to me why people who work overtime get so little refunds. Ever since I've worked in 2008, I've been getting 24c - 27c as my returns. I have a med aid and my tax certificate yearly shows thay I've paid more than 3 000 out of my pocket. If you can just explain as to why's is it like that, is there something I'm soing wrong?

I received an SMS from SARS to they say i got an account balance of R12000, but they are auditing me

Posted 15 July 2013

About ma tax claim refund

Is there a tax deduction for spousal insurance?

Posted 15 July 2013

On my payslip there is a deduction for Spouse insurance.If my spouse dies, I get money from my employer to help. think its twice my annual salary.Are there any tax benefits for this?

Who must pay tax in South Africa?

Posted 15 July 2013

how much one one must earn per annum.

I did not receive my Medical Aid Contribution Certificate, what can I do?

Posted 14 July 2013

Would I be able to claim medical aid contributions if I don't have a medical aid tax certificate?
The medical aid no longer exists, and I have been unable to obtain a copy from them.

s10(1)(o)(ii) and once off-contracts

Posted 14 July 2013

I will be fulfilling a contract overseas for more than 183 days and more than 60 continuous days. I meet these requirements of s10(1)(o)(ii), but I am unsure if the section applies to once-off contracts with an overseas company. The contract will last for more than 10 months however. Does this make me an independent contractor?
Older posts →← Newer posts    267  268  269  270  271  272  273  274  275  276  277  278  279  280  281  282  283  284  285  286  287