Travel Claim not allowed by SARS
Posted 10 February 2017
Hi Tim, I received a travel allowance upfront however I do a lot of traveling between two offices and I claim back travel on a monthly basis capped at 1850kms though I travel in excess of 2000kms per month. I've filed my tax return showing both business travel and personal but now SARS says I owe them about R27000. How is that possible when I didn't claim for the excess travel I did, just the capped 1850km. I can follow through their calculation but do not understand why they didn't include busi...
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Tax on commission income
Posted 7 February 2017
Am I supposed to pay tax on my commission if I don't earn a straight salary too?
Vehicle depreciation vs deemed travel allowance deduction. An I allowed both?
Posted 6 February 2017
Vehicle depreciation vs deemed travel allowance deduction. An I allowed both?
Add more than one depreciation expense
Posted 6 February 2017
I have a laptop, tablet and cell phone that I need to depreciate, how do I do this?
travel claim
Posted 3 February 2017
Can I claim for a travel expense from SARS if I was only given a travel allowance for one month in the last tax year?
Add app to current profile
Posted 1 February 2017
How do I get the app for the daily log book if I am registered with TaxTim?
SARS requirements for a logbook
Posted 1 February 2017
How detailed is my logbook supposed to be?
Is it still important to keep invoices of one year if business will only be registered in February?
Posted 31 January 2017
I have started a shop from home for one year and will register my business only now in February? Is it important to keep the receipts for goods bought in order to file for VAT? Or must I only keep it from the day I am registered? I have kept a book of all my sales for the past year? Is it important for later use once registered?
May I claim for travel from my home office to my office?
Posted 30 January 2017
May I claim for travel from my home office to my office?
Commission tax?
Posted 30 January 2017
If I earn commission, can I claim back personal expenses too such as rental of my flat even if I dont work from home?
Claim tax on training from employer
Posted 25 January 2017
My company is sending me on a payroll course, can I claim back the amount I had to pay for text books and traveling to and from campus?
Import VAT claim
Posted 23 January 2017
I have just registered my pty Ltd this January 2017 and I need know what tax should I collect for SARS when invoice clients for the products I will be selling. When I registered my company at CIPC I received a doc from SARS for the company named income tax., do I use this when invoicing on the place of VAT is this the inc Me tax I should collect for SARS from clients? Thanks
Can I claim back the tax I pay on my travel allowance?
Posted 23 January 2017
I have a code 3701 on my IRP5, can you tell me how the tax is calculated on the amount please?
Can I claim for all 3 vehicles I used on my tax return?
Posted 20 January 2017
I've changed cars during the tax year, how should I handle my travel allowance calculations and log book?
1) How would I should I go about maintain my log book? should I keep a different one for each vehicle. 2) I have also leased a vehicle whilst waiting for my new vehicle, how should this be recorded?
3) How should I cater for my new Vehicle in my tax return if the new vehicle cost is greater than my old vehicle?
Tax on commission only
Posted 18 January 2017
Can you tell me how tax on my commission is calculated please?
How do I pay tax on my foreign earned income?
Posted 26 December 2016
If I work for a USA company and earn e.g. $65,000 per year and the company does not have a brand and or is not registered in South Africa, what is the tax process?
I imagine - (please correct me). I receive full amount monthly and need to register as a provisional tax payer and pay SARS normal PAYE twice per year? Note I will not be traveling more than 183 days per year. Is there a possible benefit of registering a business and paying myself from the business a lower amount?
Can claim depreciation for my personal car?
Posted 14 December 2016
Is it possible for me to claim depreciation for using my personal car to go to work? I do not receive any car allowance.
When am I allowed to claim for my business traveling?
Posted 24 November 2016
If I am an individual working for an employer through a contracting house, can I claim a travel expense for the distance traveled to a client? Do I need the contracting house need to include a specific travel allowance item on my payslip?
Can a landlord claim travel expenses in relation to the rental income?
Posted 25 October 2016
If the landlord has driven from JHB to CT, for example, primarily to effect repairs & maintenance on their rental property between tenants, as well as to meet with prospective letting agents for future employment, can they claim the petrol for this trip? (Approx. Two thirds of this time was spent on rental-related activities, showing the apartment etc, & one third of the time was recreational). If a deduction is possible, what proof does SARS require? Thanks very much.
If I have been medically boarded and receive income protection benefit does this mean I am disabled?
Posted 4 October 2016
I was medically boarded at the end of 2015 but am covered by a Discovery Income Protector policy. Does that mean I am "disabled" for tax purposes?
Can I claim for depreciation on my vehicle?
Posted 27 September 2016
Can I claim for wear and tear on my personal vehicle and how do I do it? I kept a logbook because I am getting a non taxable allowance for the km driven for business purposes.
Can I claim my business travel expenses against source code 3703 if my km travelled exceeded 8000km?
Posted 27 September 2016
Can I still claim travel expenses as my employer pays for the km I drive with my personal vehicle, the Km exceeded 8000km but on my IRP5 it is under source code 3703? I also kept a logbook.
Travel Expenses Code 4015
Posted 20 September 2016
I did my SARS eFilling tax return through TaxTim and I completed the Travel Expenses Section, 4015, as R72902. I am being audited and I am not quite sure anymore what that amount includes, they only thing I can think of to get to such a high figure would be my car payments per month? Please advise what deductions are allowed under this code and what proof I need to send SARS to support this?
Will I be taxed on an international bank transfer?
Posted 18 September 2016
I need to make an international bank transfer into an overseas account one similar to PayPal.
The bank is however asking me for my tax number before proceeding, I understand one can take up to R1 million per annum offshore and therefore by asking for the tax number it falls under a purchase/discretionary allowance and not a gift because I am transferring to my own account similar to PayPal.
My question is will I be taxed on the purchase if I give my tax number? There is also an optio...
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Can I claim for my business travel?
Posted 13 September 2016
I submitted my tax return and answered yes to having a logbook, I however cant locate it right now and was wondering if I can resubmit my return and just click the No option on the logbook question instead of yes?
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