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Latest Posts in Tax Q&A

I'm not sure if I or my accountant did a return last year how can I rectify and/or how can I check?

  Written by Marc  

My accountant emigrated end of last year.

How to claim for km used and for own private vehicle use for work?

  Written by Marc  

The new information to create your personal income tax return now only give you a option "do you want to claim expenditure against the employer provided vehicle.

SARS EFILING - CLICKED FILE RETURN AND NOT SAVE?

  Written by Marc  

I made some changes and saved my return a few times. but I went in for the last time and made one change and clicked file return and not save first. Will they take into account the changes?

I didn't get my IRP5 and it wasnt loaded onto SARS

  Written by Marc  

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?

Where do the medical aid tax credits reflect on calculation of results?

  Written by Marc  

I have just filed my return and horrified to see I must pay in - the first time ever. Noticed on calculation of results under deduction the there is 0 reflected for allowable medical deductions. Then where are the medical tax credits reflected if at all?

I have not kept a logbook but I can almost accurately estimate total business travel, what can I do?

  Written by Marc  

Travel allowance can you help with retrospective reconstruction of log book and how much is the service?

Working for 2 companies permanently is allowed according SARS ?

  Written by Marc  

is it acceptable?

R there any hidden/additional cost?

  Written by Marc  

After paying R200, you completing relevant form, I submit it. If I need additional information do I pay R200 every time I have a query with respect to my form or follow up questions?

Tax refund query?

  Written by Marc  

Last year I worked for the education in the Eastern Cape, the grade 12 marking project. 25%( R1400 ) of my salary was deducted and reportedly paid to the Receiver of Revenue. I was later informed to collect the IRP5 and claim the amount with SARS hence I am not a taxpayer because I'm not working. I would like to execute the claim but my problem is that I'm in Cape Town. I was assuming that my previous employer will do the eFiling process and receive the SMS from SARS for bank details confirmati...



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Can we decide what month we will have a year end close on?

  Written by Marc  

Simple question, but I need to know. SARS advised me that a Company I registered will have to submit VAT returns every second month, but on the odd month, eg. March, May, July and so on. Can I then for no other reason make the year end March and not at the end of February?

Where do I put my pension fund payout?

  Written by Marc  

When I left my previous employer I cashed out my pension fund. I was taxed on this, where do I show this on my tax return?

How do I claim for 2 medical aid contributions?

  Written by Marc  

I have contributed to a medical aid for 6 months in a private capacity and 6 months through my ex employer. How do I show this on my tax return?

Where on my ITR12 would I add "Child Maintenance" which I believe would be non-taxable?

  Written by Marc  

Where on my ITR12 would I add "Child Maintenance" which was received from my ex-husband as his contribution to the care and maintenance of his two children. As he would have already paid tax on this income, I believe would be non-taxable.

Source Code 4002 on my ITR12 - Income Tax Return?

  Written by Marc  

May you please explain to me clearly what the question below states: 'were any payments made to a pension fund during this tax year for the tax years prior to 2013. Is information needed for code 4001 same as the one for code 4002?

How does purchasing a house impact my tax return?

  Written by Marc  

I purchased a house in 2012 and paid transfer duty tax. Does this impact my tax return?

Can I claim my laptop for tax purposes?

  Written by Marc  

I did freelance work through my company, but it was paid in as my salary, so not recognized as freelance work and means I'm unable to claim any expenses. Can I claim the laptop I bought and used to work from home on as a business expense?

Did not work full year, but IRP5 indicates that I worked 12 months. How do I correct this?

  Written by Marc  

I went on maternity leave for a full four months mind February 2012 - Mid June 2012. I was paid for the first two months and then unpaid for the remaining two months. In my IRP5 : Periods in year of assessment is 12 and no. of periods worked is 12. I believe this is incorrect. Do I correct this and say I worked 8 months? What is the correct information to put in this case?

How do I claim tax paid for part time work done?

  Written by Marc  

I have a full time job. Over the past year I have also taken on part time work over weekends. I have heard that this tax can be claimed back provided I do not fall in the next tax bracket. Please explain how to do this.

How does new medical aid tax credit work?

  Written by Marc  

I am employed by the government. I do not receive medical aid subsidy. I do however get a tax rebate. Do I still qualify for the tax credit? If so, how do I go about claiming it? Also, does the tax credit mean that we can no longer claim medical expenses not covered by the medical aid for which we pay cash?

What supporting documents must l add to my personal tax return?

  Written by Marc  

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?

R3783 code 4008 on ITR12

  Written by Marc  

How is code 4008 calculated for 4 members under medical scheme? I understand there is a maximum amount but R3783 doesn't seem right?

How do I calculate manually to see if I qualify for a tax refund?

  Written by Marc  

How do I calculate manually to see if I qualify for a tax refund or owe? This is my first time doing my own eFiling and scared I might make a mistake.

PAYE if I have 3 day a week permanent job and 3month contract with 2 days a week?

  Written by Marc  

If I work permanent 3 days a week get R5180 per month before tax, and a contract for 3 months 2 days a week at R6000 per month before tax. How will my tax work?

How do we culculate UIF contribution?

  Written by Marc  

How much will be contributed by an employer towards UIF for an employee contributing 148.00?

fringe benefit-conmpany provided vehicle

  Written by Marc  

Hi TaxTim,

I earn a basic and my commission is more than 50% of my annual basic. I sell luxury automobiles for a living.

I see on my IRP5 under "Income received "an amount of R65 000 "Use of Motor Vehicle" (PAYE)

Is there a specefic place where I insert this amount on my tax return?

I kept a logbook stipulating opening,closing KM'S, private and business KM'S

My company provides me with a company vehicle in order to sell and generate an income....



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