Can I deduct the interest I pay on my home loan?

Posted 6 November 2012

I have received a tax certificate from my bank showing the amount of interest I was changed during the tax year. Where (if anywhere) do I capture this on my tax return?

What is the closing date for filing my individual tax return? I have just recovered from a terrible

Posted 6 November 2012

I am not sure of the kilometers I traveled, can I also get help on how to include this?

How do I account for Rental Income in my personal tax return?

Posted 6 November 2012

I have a property in a sectional title that I have rented out since 1 October 2011. Where and what do I fill in on my tax return?

What if I have a company registered in the Seychelles, but I am a South African taxpayer?

Posted 6 November 2012

I am a South African citizen residing in South Africa and work from home on the Internet. My company is registered offshore in the Seychells and have an offshore bank account in Mauritius. I have no clients in South Africa or Africa, but work with clients in other countries and have mandates with companies in the USA, Moscow and Hong Kong. I stand a good chance to earn a substantial commission which will be paid into my offshore account. Can I opt to pay taxes in Mauritius as i also want to...

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How do I get a tax rerence number for a deceased individual?

Posted 6 November 2012

I am looking for a tax reference number for my late mother as places like Sanlam require it. How do I go about finding it?

Why have SARS not allowed all my medical expenses as a tax deduction?

Posted 6 November 2012

I have completed my efiling however now have a query. I claim back about R4000 worth of medical expenses incurred by myself, but was only refund R600. Is this an error?

Why does it appear to be so difficult t upload a document on e-filing?

Posted 6 November 2012

I have tried every way i can think of to upload a document but i still get a message saying something like error - no document uploaded.

I am a reserve soldier and only recieve a salary when I am working

Posted 3 November 2012

I am a reserve soldier, so I only get paid my salary when I am camping. Hence I have trouble answering this provisional question.

If I was apart of a graduate programme, is the salary I received taxable?

Posted 2 November 2012

I received a monthly salary during a 7 month Graduate Programme, which had taxed deducted per month.
I've heard some people say the were able to get the deducted tax back, and would like to know if this is true? If so, how would I go about getting that back?

How do I check my tax return payment online?

Posted 2 November 2012

I want to check whether the monies owed by SARS were deposited into my given bank account, online if possible please.

Souce code 4002 and 4006

Posted 1 November 2012

On my document there is no 4002 and 4006. What amount must I include?

Retrenchment pay-out tax code

Posted 1 November 2012

During the 2012 tax year I received a retrenchment pay-out. It is reflected on my IRP5 with tax code 3907. According to the tax code definition I got off the SARS website 3907 is defined as: "Other lump sums (e.g. backdated salaries extended over previous tax years, not approved funds)."

Tax code 3901 is defined as: "Gratuities (retirement / retrenchment)."

Does it matter that the code seems to be incorrect on my IRP5, is there a tax implication?

Where do I include the Gross non-taxable income - source code 3696?

Posted 31 October 2012

If one receives an annuity and the annuity certificate states that there is a gross non-taxable portion (Code 3696) and a gross non-retirement fund employment income (Code 3698), which amount do I have to disclose in my tax return ans when completing the TaxTim questionnaire?

What is source code 4142 on my IRP5?

Posted 31 October 2012

What is code 4142 and how is it applied in taxable income?

How do I register for tax after employer's bookkeeper told me I can't and that she must register me!

Posted 31 October 2012

I started working for a company 4 years ago,and last year only became an employee,as previously I was a contractor.

Last year they started deducting tax,and when we had a meeting about it,I asked the bookkeeper for my tax number as I have no idea how tax work,and she yelled at me and said I am not allowed to register, especially not for eFiling, as she is the only one that can do this and she is in the process.
I then got my IRP5 form with my tax paid,and then heard I should've r...

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What is included in Statement of Assests and Liabilities on ITR12?

Posted 31 October 2012

If I earn business income as a sole proprietor for services delivered as an electronic engineer, do I need to declare all my personal assets (bank balance, investments, motor vehicle, etc.) on the Statement of Assets, or only the assets that I mainly use for business (i.e. laptop computer)? I do not have a separate business bank account. Do fixed bank deposits fall under "Financial instruments" or "Cash in Bank" or does it not really matter? For investments such as unit trust...

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I earn R8500 and have never been registered at SARS, my boss says I don't need to, is this correct?

Posted 31 October 2012

I earn R8500 a month, which is the most I've ever earned. My boss keeps my salary low because he says that way I won't pay tax. I am so ignorant. Am I breaking the law or is my boss? SARS doesn't know I exist. Would I be fined? I don't have any savings stored up either. It's not that I did this on purpose. If I register it'll jeopardize my job. In fact, everyone working for him isn't registered with SARS. Isn't there a form you're supposed to have at ...

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If I have two IRP5's do I add them together?

Posted 31 October 2012

I retired from my company mid last year and the worked for the same company as a contractor for three months, what do I do with my IRP5's?

Does home loan interest charged affect my tax?

Posted 31 October 2012

I received a tax certificate from my bank showing the amount of interest charged on my home loan. Where or how do I enter this on SARS eFiling?

Does home loan interest charged effect my tax?

Posted 31 October 2012

I received a tax certificate from my bank showing the amount of interest charged on my home loan. Wherehow do I enter this on SARS eFiling?

How do I create a new eFiling account?

Posted 29 October 2012

My IRP5 had incorrectly been issued on my late husband's tax reference number. I had used this number to create an e-filing account. The reference number has since been sorted out at a SARS branch but not on e-filing. How to I change the tax reference number that my e-filing account is registered with?

Amount of money I can give my son without incurring tax?

Posted 29 October 2012

I think it is R50000 per Annum.

Disability and critical illness insurance, are they tax deductible?

Posted 29 October 2012

I have these policies with Momentum and i just want to confirm if they are tax deductable? Although the policy is not an income protection policy it still plays the same roll should i not be able to work. I did request a tax certificate from Momentum but i'm still waiting and christmas is also coming :)

SARS requested 2008 and 2010 tax return, can TaxTim do this for me?

Posted 29 October 2012

After submitting 2012 return , return mail requests that I submit my 2008 and 2010 tax return urgently.
Can you help me to submit this via e-filing please.

If I earn R1500 a week how much tax would my employer deduct from me?

Posted 29 October 2012

I earn R1500 a week, want to know how much I will be taxed and if I even need to pay taxes.
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