Cellphone depreciation?
Posted 3 July 2013
What supporting documents do I need to add if I claim for cellphone depreciation. If I use my phone for mainly business but I pay for the contract not my employer?
What is the maximum number of IRP5's that can be submitted through eFiling per year?
Posted 3 July 2013
What is the solution if there is a limit?
Allowable Medical Deductions
Posted 3 July 2013
My monthly medical aid premium is paid to the scheme through the company (it forms part of my cost to company) but I cover the cost 100%. The total for the year is R31 694 (for me and my son).
I have additional medical expenses not covered by my MA totaling R5 900 for the year.
2 questions:
a. Am I able to claim an allowable medical deduction?
b. where on the e-filing form would I enter them?
Extra Tax deducted
Posted 3 July 2013
I recently underwent a Tax audit last year as I haven't regularly paid taxes for a few years. SARS did the audit and siad they owed me x ammount but I also owed the y ammount. They paid out the x ammount deducting their Y ammount from the balance and all was good. The end of last year and the this year they all of a sudden started deducting R1600 off my salary for some special tax owed.This was for about six to eight months of deductions I have just been to see them to submit this years Tax form...
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How can I get a tax number?
Posted 3 July 2013
How can one get a tax number if you are unemployed and still a student?
May I claim my km to and from work if I get a travel allowance?
Posted 2 July 2013
I only use my car for business and to and from work.
Provident fund transfers to Retirement Annuity - are there tax implications?
Posted 2 July 2013
I had a Provident Fund with my previous employer, I changed jobs in November 2012 and transferred the funds from the Provident Fund into a Retirement Annuity. I contributed towards the Retirement Annuity in my own capacity from November 2012 - February 2013. When asked to enter a Retirement Annuity contribution for the 2013 tax year, do I only need to enter the amount contributed from November 2012 - Feb 2013 or does the RA contribution amount also need to include the funds transferred from the ...
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I have not submitted tax forms for a number of years - how now?
Posted 2 July 2013
I have not submitted a Tax return for a past number of years, How do I handle this situation?
When will 'supporting documents' section appear?
Posted 2 July 2013
I have submitted my tax return via efiling on the 1st of July and immediately received an email saying I need to submit supporting documents. The problem is the section on my efiling profile which allows me to upload these is not showing there yet, now 24 hours later. Is this normal? How long should I wait?Thank you for this blog! Very helpful for a first time tax payer!
Owing R13 540 to SARS?
Posted 2 July 2013
I`ve just submitted my return and I received ITA34 saying I owe R13 540. When rechecking my return, I noticed that I didn't capture my annual PAYE tax on the required field. Is it possible for me to request a new return, correct the error and resubmit?
Medical Aid Monthly Contribution VS Tax Credit on Medical Aid?? How to deduct?
Posted 2 July 2013
Hi Tax Tim
Great website, very helpful over the last couple of months.
I am busy filling in my ITR12, and I have a lot of deductions, ie depreciation etc, but when I enter my medical aid contributions, (paid by myself, R 1900 per month), and I calculate my tax return, it shows in the 4008 field R0.00. Please advise how to make this amount come in to account and how does the new tax credit work in my case? Lastly, re-imbursive travel expenses, how do I deduct this? I travel some times f...
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What is the amount for the 2012/2013 "allowable medical deduction" code 4008?
Posted 2 July 2013
I would like to find out if the amount (if you are the only dependent) is still R720 p/m for the 2012/2013 tax year? Can this amount be claimed by anyone who pays medical aid?
When I use the SARS tax calculator, it shows at code 4008 an amount of R0,00?
Posted 2 July 2013
My medical aid contribution was R 24 761 inserted under code 3810, how come my allowed medical deduction is R0?
Can I claim medical expenses for 37 year old son who I have been supporting? He is not on my med ai
Posted 2 July 2013
I incurred around R4 000 medical expenses for son who is not on a medical aid or on mine. He is 37 years old and doesn't have any disabilities and is not studying. He is also unemployed since returning from overseas. All the medical documents show his name on it, however I paid for all of them via my credit card. Am I able to claim this from SARS?
AVS Bank with AVS verification pass
Posted 2 July 2013
Hi Tim, I submitted my tax return via e-filing and my banking had changed so I punched in the latest details and SARS put on an audit. I then submitted my IRP5, Bank Statement, Log Book, Medical Certificate of which are the only documents that I can claim for. The Efiling status shows - Correction Filed and and Statement of Account Balance: R -8383.55 and Statement of Account: Assessed Tax. Do you think the audit will go bad?, I ask this because the old Tax practioner that I used to use called ...
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Do I have to submit income tax forms if I have been retrenched in November 2012?
Posted 2 July 2013
I have been retrenched in November 2012 and sill have not found a job. All my debit orders until now have been paid with the money I received from my retrenchment package. These include Retirement Annuity Funds. I currently receive UIF payment into my bank account. I have paid tax when I was employed all these years. Do I still have to submit income tax forms and if I should, is the chance there that I will owe money to SARS? I have not received an IRP5 form when I left the company.
Re Medical Scheme Fees Tax Credit Code 4116 on IRP5, ITR12 & ITA34
Posted 2 July 2013
I noticed my IRP5 had a new Code 4116 Medical Scheme Fees Tax Credit which I did put in my ITR12 amounting to R5520 as we are 2 Members of my medical aid. I then noticed in my ITA34 on the Assessment page under MEDICAL DEDUCTIONS under Code 4020 I am claiming R39597 for Medical Expenses not recovered from Medical BUT then under that in Description it shows;
Medical Tax Credits X4 -R22080.00
Q - My question is why its it showing X4 ?? as that amount would mean R5520 per 2 members per...
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I want to get my IRP5 on line?
Posted 2 July 2013
I wanna know my IRP5 on for 2013 but I can't please help me.
Number of periods worked on the IRP5?
Posted 2 July 2013
I am a contract worker and on my IRP5 it states that my number of periods worked is 365 ,which is not the case. In April 2012 my contract was finished and I was without work for a month. In May 2012 I was appointed by the same company again. Since then I have been laying off a day here and sometimes a couple of days at a time. I do not get paid for the days I do not work(as per my contract). How does all this affect my number of periods worked and what am I to do?
Why can't I upload .pdf supporting documents on e-filing?
Posted 2 July 2013
I am uploading my supporting documents. It uploads .doc & .xls files but it refuses to upload my .pdf files which are completely within their specifications. Most of my doc's are .pdf. What do I do?
Can I claim back my pets medical bills from income tax?
Posted 2 July 2013
I have an English bulldog and he is on medical aid.
What is the source code for rental income?
Posted 2 July 2013
What is the source code to use for a loss or gain of income for a rental property when I use eFiling?
Does one pay tax on annual leave pay?
Posted 2 July 2013
If annual leave pay is tax deductible, I would appreciate it if you could explain how this tax is deducted.
I forgot my tax number and need to register for eFiling. How can I get it online?
Posted 2 July 2013
I just want to know if I can get my ref tax number online?
After submitting via eFiling how long does it takes for SARS to refund you?
Posted 2 July 2013
I submitted refund via eFiling on the 01 July 2013 so I want to know how long does it takes SARS to refund me?
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