Tax implications if one receive a subsistence allowance
Posted 7 June 2016
We travel for work purposes, and are considering getting a daily allowance paid instead of submitting our expenses. What is the amount allowed per day / other amounts subsistence amounts, and are there tax repercussions on this method.
How to apply for a Tax Clearance Certificate
Posted 6 June 2016
Do you need to be audited first in order to get a tax clearance certificate? What is the quickest way and process to obtain a TCC?
How to confirm foreign banking details with SARS
Posted 6 June 2016
Hi, Could you please let me know the procedure to confirm my Indian Bank Details. I am an Indian Citizen and working in South Africa in Work Permit. I would like to register my Indian Bank Details for tax refund. Please guide me on the 1. Fees, 2. Documents Required
And also, I would like to know the pricing for tax filing for this year.
Is all income taxable together?
Posted 6 June 2016
If I earn a salary and then also bring in extra monies for side jobs, do I add up all the money I earn and then calculate how much tax to pay or do I keep the two amounts separate. So I pay PAYE on the salary and then work the percentage of tax separately for yhe monies. Please clarify this for me. Thank you
Tax refund on a contract position
Posted 5 June 2016
I worked for a company from end of May 2015 to end of September 2015 on a maternity leave contract basis. The gross of this contract was over R33 000. Can I claim tax return on this and if so, do I get a payout?
Tax exemption for Offshore workers
Posted 5 June 2016
I read a previous post about "Offshore workers" and tax exemption. I fit the profile with my work situation, but do I still need to stay out of the country for 60 consecutive days?
Tax deductibility of vehicle lease payments for independent contractors
Posted 3 June 2016
I am an independent contractor. I do not earn any salary. I currently have a vehicle on which I claim a travel deduction. My vehicle requires replacement. I would like to know if I can claim lease payments as a tax deductible expense should I lease a new car. I have not come across any prohibition on the SARS website. This surely is in the production of income as without a car I would not be able to carry out any work at all.
I am married in community of property, how will I be taxed on an investment?
Posted 3 June 2016
How will I be taxed as I am now retired an have invested the money and draw monthly interest we are married COP monthly 13k
Medical aid tax deduction
Posted 3 June 2016
If I,m a beneficiary on my partners medical aid can I claim medical aid as a tax deduction?
I pay the money into his account and then the medical aid debits his account?
Can I be considered an independent consultant?
Posted 3 June 2016
I am currently an independent consultant, however at the moment 80% of my income does come from a single client. This is because I have not yet found more clients. I am not sure if I am to be treated as an employee based on what I have found out so far. I would strongly prefer (for client and me) to be treated as an independent consultant for tax purposes. Can I register for provisional tax as an independent consultant?
Some more information:
- I'm on retainer with one client for an average of 2 days per week (16 hours per week) since March 2016. - I bill monthly as a sole prop, highlighting the work I have completed and invoice a set amount as per the retainer agreement...
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Is GAP cover tax deductable?
Posted 2 June 2016
Can an individual claim gap cover contributions on their tax return?
Information on out of pocket medical expenses
Posted 2 June 2016
What expenses be covered as out of pocket medical expenses. Can the vitamins, extra supplements, liposuction, any cosmetic surgeries be covered under such expenses be claimed
Can one claim Uber back as travel expense for a business
Posted 2 June 2016
As a freelancer, can I use my Uber receipts as mileage for work?
Ho often does one submit the IRP6?
Posted 2 June 2016
How often does (and when) provisional tax need to be submitted? I thought it was once every 6 months, but the SARS date list says it has to be submitted every month.
Which proof of expenses should I hold onto?
Posted 2 June 2016
Which receipts should I take a picture of?
Or, which expenses should I note down in preparation for tax time?
TaxTim logbook query
Posted 1 June 2016
My phone was stolen, and with it my logbook :( How do I get it onto my new phone?
Is dental insurance tax deductible
Posted 1 June 2016
Is dental risk insurance a tax deductible
Members loan
Posted 1 June 2016
I have a member loan account of approx R1m rand. I wish to reduce this by R100k by transferring this money to my personal bank account. The members loan account is interest free. What are the tax implications for my company and my personal tax? and how should I declare it on my tax returns.
Allowable tax deductions when building a personal residence
Posted 1 June 2016
I have purchased a plot in 2015 and built a house. Are there any amounts in the purchase procedure and the building process that are tax deductible and are bad debts incurred during building deductible
How do I calculate my leave pay?
Posted 1 June 2016
please help to calculate my leave pay
Late Objection
Posted 31 May 2016
My 2015 tax return was finalised in Feb 2016. I did not object to the assessment within 21 days. Can I do object at this late stage?
Tax practitioner fees
Posted 31 May 2016
Is a tax practitioner allowed to ask a fee based on a percentage of the refund I get or should they give me a quotation before the work commence?
Tax rate on pension withdrawal
Posted 31 May 2016
What is the tax rate of the R 1 300000. 00 for pension withdrawal?
Submission of old tax forms
Posted 31 May 2016
How do I go about submitting a tax return that was for the 2014 year of assessment?
Maternity Leave
Posted 30 May 2016
I was on maternity leave from the 21st July to 1st December. During this time I did not earn a salary and claimed from UIF. How does my tax returns then get calculated?
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