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Latest Posts in Tax Q&A

Tax deduction for family donations?



A) Can I claim a Donation deduction for the following:

1. Son's university fees, paid on his behalf. 2. Monthly donation to my sister. 3. Monthly donation to religious institution / organisation. B) If deductible, what proof is required?

Thanks

How do I obtain an ITA34 from SARS



Good day I need SARS assessment letter

IT3(B) received



I received a letter from GEPF stating that interests received to SARS is R15000 so what must I do go to GEPF OR SARS

Where else can I get my IRP5 from?



Need IRP5. Company liquidated

SA Citizen Working Abroad



I am a South African citizen, working in the USA (on a work visa/permit). I have been studying and then working in the USA for the full tax year (Mar 2015 - Feb 2016). In total, I have been away from South Africa for 2 years. I pay taxes in the USA. Am I required to submit tax returns in South Africa? Do I just submit a nil amount, do I not submit anything at all or do I submit my US earnings and get double taxed? Thanks.

How much will I get as refund



I am a temp in my work,i have worked for 24 weeks from march 2015 to february 2016,i have earned 156000 and I was taxed R19650. I would like to know will I get the refunds n approximately how much

Tax deductions on rental property



I have a rental property that's in a different town from the one in which I live. Is the fuel that I use traveling the property to make improvements tax-deductible? Also, what incurred on a rental property are tax deductible?

Tax on pension and shares lump sum payouts



Can I claim tax on my pension withdrawal lump sum payout and on my shares payout

Deductions against rental income



I have moved from CPT to JHB. I own a house in CPT which is now being rented out to tenants. In JHB I am currently renting. From a SARS perspective, do I need to declare the rental income as I only own one property and its not a second property bringing in an extra income? What I receive as rental income in CPT immediately covers my rent here. So I do not gain anything. In face what I am asking as a rental is the same as what I pay for my rent here.

Where can I claim tax refund



I was paying tax now im unemployed so how can I claim an where?

Need help getting my tax affairs up to date



I have been running my own business for the since April 2013 and I haven't paid tax. Only had one constant customer. Will you be able to help me or should I go to a SARS office

How does ringfencing for rental income work?



I have a question, regarding if you make a loss from rental income i. E What if the expenses exceed the rental income? How exactly does this work? please provide an example of how and when it is offset against other income and what does the ring fencing mean? Its difficult to understand the document. Please explain in lay mans terms. What is the best way to make this work for you?

"Should the expenses exceed the rental income, the loss should be available to be off-set against other i...

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Can TaxTim file my company's return too?



Does TaxTim also help with filing a tax return for a private company?

Allowable tax deductions for a company?



I work for myself running a trading business. I purchase a cell phone for my business for 10k and a coffee machine for my office for 12k. Are these fully deductible in the current tax year they were purchased?

Medical Insurance - Do I put that on my tax return?



I have been submitting my tax returns for many years and use to include my Medical (which is a hospital plan with Liberty but not viewed as a medical aid, which I found out in 2015). I contribute to this on a monthly basis and pay my own medical bills i. E. Doctors visits, dentists, optometrists, etc. Only medical procedures in a hospital is covered by my hospital plan. As it is not tax deductible seeing as it is not a medical aid, do I now even bother to mention it on my tax return although the...

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Vat implications on mobile apps



are there any vat implications on mobile applications in south africa? please make reference to the vat act if possible. if not, how are the mobile applications currently treated?.

Is SARS open on public holidays?



Is SARS open over the public holidays and if so up until what time?

Where is my logbook?



Hi! This might sound silly, but I have your logbook, I just want to know where is that information stored and how do I access it? I might just be looking in the wrong place but I cant find it!

How many "Trade and Professional Income" sections on an ITR12 does a freelancer need?



I'm a freelance creative in the television industry. I work with many clients throughout the year, some deduct PAYE and some pay me the full amount on the invoice. The first question is for those clients who don't deduct tax. I've been working on my tax return on the SARS E-Filing. On my ITR12 I've added a "Local Business, Trade and Professional Income" section to the form, do I create a section per client or per job type? As I'm trading different services for different clients, but I may have 3...

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Tax deduction on UIF & SDL



Can you claim UIF and SDL contributions from the tax

What is VDP?



What is a VDP agreement

I'm unemployed, can I get a tax number?



Can I be able to get the tax number if I haven't been in a workplace?

old nil returns



my wife would like to use your service. Her scenario, she used to work up to 2009, then became a housewife till mid 2015 when she started working again. Before, she never earned enough to file tax returns (dunno if that's still effective). She does have a tax number and would need to do her tax return this year. Se started working 1 July 2015. Would the lite or smart package be sufficient and is she most likely looking to have some penalties?

In which country will I declare my last income earned in South Africa



Hi

November last year (2015) I left south Africa to move to UK to be closer to family, I was born in South Africa but I hold two citizenship's one is South African other British. I was working in South Africa for a few years but had no assets over there other than what I had in the bank. I got a job this side a couple months ago and been working here just wish to find out what happens regarding tax return for South Africa?

before I left I did get a tax clearance certificate...

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Foreign investment account



What are my tax liabilities if I open a bank account (from SA) in the UK, transfer funds into that account and then bring those funds back into SA after a period of time?
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