Should I only complete source code 4020 if my medical aid contributions is already on my IRP5?

Posted 1 July 2016

If my medical aid contributions is already on my IRP5 under source code 4005 and 4474. Should I leave sorce code 4040 and only complete 4020 for expenses not paid via my medical aid?

Explanation of source codes 4040, 4020 and 4022

Posted 1 July 2016

Can you explain source codes 4040, 4020 and 4022 on the tax return.

Why is my refund a lot less than the calculator

Posted 1 July 2016

Have submitted my tax with TaxTim, but just want to check if it is better to submit including expenses (Fuel, oil, etc) as I left it blank?
Why is my travel allowance tax return on Taxtim calculator very high, but when I did the calculation on SARS it works out a lot less?

UK pension paid to SA resident

Posted 1 July 2016

I receive a UK pension from my late husband private pension paid to me from the UK - would I have to declare it to SARS - I pay tax to in the UK though . . . . . . . . . . . .

Does Taxtim file on my behalf?

Posted 1 July 2016

Do you actually do the tax returns on behalf of me? so I just have to submit the correct documents to you?

Admin penalty due

Posted 1 July 2016

I am really worried about an sms I got from SARS saying I have an admin penalty!- I have not submitted a return since 2013 because I didn't think I needed to and had no deductions. What can I do and how much will it cost for you to get all of it in order soon?

Do you do personal as well as trust income tax returns?

Posted 1 July 2016

I currently have 4 properties in my personal name plus my salleried income and then I also have a trust which holds an property of which myself and my mother are the trustees, would you be able to assist me with both the personal income tax as well as the trusts income tax submission and do you do annual financial statements as well? If so what would the cost involve be?

Can you claim back a monthly contribution paid towards health insurance?

Posted 30 June 2016

I pay R1900 monthly for me and 3 dependants on a health insurance. Can I claim these contributions back on my tax return as a out of pocket expense?

Is TaxTim costs tax deductable?

Posted 30 June 2016

Is the price I pay for TaxTim for a single assessment or is it renewable yearly? Secondly, can I claim the price back as a deduction, as I would if I used a tax consultant (whose fees are deductable)?

Can we claim for our Rates Account?

Posted 30 June 2016

Our bond is in my name and so is our municipal rates account. Am I allowed to claim for the Rates payments from SARS? I am a normal individual tax payer

How long does my TaxTim subscription last for or is it valid per tax return filed?

Posted 30 June 2016

Do I have to pay TaxTim per tax return filed or is the subscription valid for a year? I am not sure if I need to pay again to do my 2016 tax return or if my subscription from last year (2015) is still valid?

Can I fole if I am unemployed?

Posted 30 June 2016

Hi I was retrenched last year in August and got another job in November the 1st and resigned in January. I have been unemployed since then, can I claim tax return even if I'm unemployed?

Tax return submission 2014/2015 finalised without disability declared

Posted 30 June 2016

My son has been moderate to severe disability and met the criteria since September 2014. Submitted al extra medical expenses on my tax return but never declared the disability. Can this be reviewed?

Is there a limit on refreshments for a sole proprietor?

Posted 29 June 2016

What am I allowed to deduct as a sole proprietor for refreshments? Is there a limit per day or per month I can deduct for lunches, breakfast and dinner?

How do I submit my tax return if I have changed jobs within the tax year?

Posted 29 June 2016

How do I submit my tax return if I have changed jobs within the tax year? It gets quite confusing. . . New salary, new employer paying for half of my medical aid contributions whereas my old employer was not. . .

Provisional Tax on capital gain

Posted 28 June 2016

Have just sold a property and have made a large capital gain and will have to pay tax on this in 2017 tax return, will I need to include more funds to Provisional tax or can I wait till I get my 2017 assessment, and so get interest.

How to deregister for provisional tax

Posted 28 June 2016

Hi Tax Tim, I used you guys last year, was very happy and want to make use of your service again this year, this year I need some assistance to deregister myself as a provisional tax payer as I'm not one, can u guys help?

3805 calculation

Posted 27 June 2016

Is the renumeration factor referred to in the formula to calculate free or cheap accomodation as a fringe benefit equal to pensionable salary, or does it include other remuneration as well?

Can you claim for travel (log book) as well as depreciation on the car?

Posted 24 June 2016

I receive a travel allowance and keep a logbook accordingly. Am I able to claim for the travel as well as depreciation on the car?

Employer contributions to provident funds

Posted 24 June 2016

Do I get taxed on my employer contributions to my pension/provident fund?
My Salary is R21400 and I don't contribute directly to the fund. My employer contributes R2140. How much tax should I be paying?

Tax on standby allowance

Posted 23 June 2016

I receive a standby allowance every month that is being taxed on. It is a fixed amount of 14% of my salary to basically be on standby for any breakdowns. Can I claim tax back?

How can I pay tax ovr to SARS for my investment income?

Posted 23 June 2016

I would like to know how do I pay my tax when I receive mi IT3B CERTIFICATE am I suposse to register as a PROVISIONAL TAXPAYER how do igo about doing this it is my first time and is it possible to register as a PROVISIONAL TAXPAYER on EFILLING if so please provide me with steps how to do so.

Source codes 3701 and 3702

Posted 23 June 2016

I am busy with my 2017 salary structure. My HR department is offering me both codes 3701 and 3702. Will that be allowed in 2017 tax year. Somewhere I read that your cannot do this anymore and must take either the one or the other.

Do construction workers pay tax?

Posted 22 June 2016

if working in the construction company,do they have to deduct my monthly tax returns from my salary?

How do I calculate provisional tax and when/where do I pay it?

Posted 21 June 2016

I am a freelance writer and my income depends solely upon jobs that I get from international clients. I get paid weekly in dollar and my income fluctuates. Recently I've started earning more and I suspect I might be in a tax bracket. As far as I know I have to pay provisional tax but how do I work it out and where and when do I pay it?
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