Confusion about claiming expenses

Posted 26 January 2016

I earn a monthly income on contract basis from a company, but I also freelance from home. Does this make me a provisional taxpayer and an individual taxpayer?
does this mean I can claim tax back from expenses such as petrol, cell phone and home office space?

Can I submit a tax return with both provisional tax and IRP5 information?

Posted 26 January 2016

Hi there! I am a freelancer and earn about R120 000 a year. Some of my clients pay me the exact amount I invoice them, but two of my big corporate clients deduct tax before paying me. Can I include all this information in my first provisional tax return?

Would I get the refund originally calculated after verification assessment is complete?

Posted 26 January 2016

When I submitted my tax return, I received an ITA34 informing me that I am due a R3 000 tax refund from SARS. Then I received a letter from SARS asking me for supporting documents, for verification assessment, which I had then submitted. Now I receive further correspondence regarding the verification assessment saying that "no adgustment has been made to the assessment". Does this mean I still get my R3 000 tax refund? And if so, by when can I expect payment of this refund?

Tax implication on Buying Namibian property and Rental income from Namibia

Posted 26 January 2016

What is my tax obligation/implication when firstly, buying a property in Namibia and secondly, after building on it renting it out and earning rental income on a monthly basis. I am an employed SA citizen. How do I declare this on my tax return

Income TAX for temp job with total income under tax threshold

Posted 26 January 2016

Will be registering with SARS for income tax this coming week. Doing a temporary job for January and February. 1. The business owner is telling me that will deduct 25% from the amount agreed, although for the two months (Jan and Feb) the total amount will be below the annual tax free threshold (R73 650)
Is this correct?

2. Will I be able to recover all the TAX, which will be deducted, when I submit the tax return for 2016?
(the actual amount is R63K and my tax will be friken R15 750 in total!)...

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Employee tax claims

Posted 26 January 2016

Can one claim for parking expenses at their permanent place of work in south Africa?

Pension resignation benefit for tax purposes.

Posted 26 January 2016

If my resignation as a dept educator gives me a payout of R320000 as a pension resignation benefit how much tax would be deducted

PAYE calculation on Tempory/Part time employee

Posted 26 January 2016

Good day, if an employee has a 6 month contract, does he pay more tax than a permanent employee and if so, what %?

How should I incorporate a charitable donation in my tax calculation?

Posted 26 January 2016

According to SARS, "Deductions in respect of donations to certain public benefit organisations are limited to 10% of taxable income (excluding retirement fund lump sums and severance benefits)". Assuming that my taxable income is R100,000, I can donate a maximum of R10,000 to a qualifying 'public benefit organisation'. In my tax calculation, should I deduct that R10,000 from my taxable income, or from the amount of tax that I owe? If I can deduct it from the amount of tax due to SARS, the latt...

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Pension resignation benefit

Posted 26 January 2016

If my resignation as a dept educator gives me a payout of R320000 as a pension resignation benefit how much tax would be deducted

Is SARS definition of 'taxable income' circular with respect to donations made?

Posted 26 January 2016

According to SARS, "Deductions in respect of donations to certain public benefit organisations are limited to 10% of taxable income (excluding retirement fund lump sums and severance benefits)". But taxable income is the difference between gross income and deductions, one of which is the amount donated. So the SARS definition is circular, and therefore impossible to calculate. Or am I missing something?

When am I geting the money

Posted 26 January 2016

Hi guys I claim on the 06 January 2016 it was my first to claim the guy that was helping me he told me the money will be inn in two days still never get the money. I started 2006 the guy told me I owe 2 years so I will get R700. 00 how possible is that

Full time employee who does after hours freelance work, should I register as a provisional tax payer

Posted 25 January 2016

I am a freelance web designer / developer. I work a normal 8 - 5 job during the day from which I get a monthly salary from my employer, I fall into the lower end of this tax bracket R377 451 - R528 000. On some months, I get side projects to work on and during the course of last year, the freelance business made approx R40000 (forty thousand rand) after expenses. I would like to find out if I should register as a provisional tax payer.

Rebates on 740000

Posted 25 January 2016

I have been taxed 740000 on pension lump sum. Will I get something when I claim tax this year?

Statement of account issued but still under audit

Posted 25 January 2016

I recently did my tax return for the first time as this is my second year been employed, my tax return showed -R2133 I was than asked for additional documentation I submitted my IRP5 and Medical aid certificate. After that I was selected for an audit and after about a week I received my statement of account but I still have not received my refund does this mean the process is complete? I noticed that on the statement of account under audit it says "yes". Whats does that mean and how long does th...

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Paid by SARS

Posted 25 January 2016

I was dismissed from work due to loss of voice, was working in a call centre. UIF declined my application and I have to resubmit, now I can't cause I have a new born. I was paying tax, is there a way that I can be paid through SARS until I get a job?

Can you be taxed more on your salary by employer?

Posted 25 January 2016

Can your employer tax you more on your salary, than what the tax calculator said?

2007 tax claim

Posted 25 January 2016

Am I still able to claim tax for tax year in 2007 I did not claim for?

Tax rebate

Posted 25 January 2016

I did not reconcile my 2014/2015 taxes due to misplacing of IRP5. I now have it. Can I stil reconcile? I received a backpay in Jan 2015 for backdating of promotion
the backpay was taxed quite a large percentage of it..... Will I get a tax rebate/refund?

Tax deduction on 10.5 days

Posted 22 January 2016

What tax do I pay on 10. 5 days leave that is due to me and am resigning from the company

IS MY WAGES RIGHT

Posted 21 January 2016

If I get R1250 AND WITH OVERTIME R1770 PER WEEK IS IT POSSIBLE THAT MY WAGES IS R1239. 43 WHEN DEDUCTING MY PAYE

Work in SA for UK company.

Posted 21 January 2016

I'm a South African resident. I have a prospective job offer from a company in the UK. I will remain living in SA and work for them remotely. How does the tax work if I am to be paid in Pounds? Do I get taxed in the UK and in SA?

The offer on the table at the moment is between £30k - £38k PA.

On a leave payout of R9692,29 how much tax is to be deducted?

Posted 21 January 2016

My employer has decided to pay for my leave as I have resigned and the leave amount is R9692,29, how much tax is going to be decided on this amount?

I worked less than 12 months during the tax year

Posted 20 January 2016

If I only worked for 10 months and 10 days continuous for the same employer what effect does this have on my tax payable. I was unemployed for the balance of the tax year (ie 1 month and 21 days unemployed)

Vehicle Finance - should I be noting my monthly vehicle installment on tax return

Posted 20 January 2016

Finance / Other Costs - Travel Allowance

Hello,

just to confirm the vehicle I current use for business travel is financed - would this be where I enter my monthly finance installment or is this not supposed to be noted on a tax return?
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