s10(1)(o)(ii) and once off-contracts
Posted 14 July 2013
I will be fulfilling a contract overseas for more than 183 days and more than 60 continuous days. I meet these requirements of s10(1)(o)(ii), but I am unsure if the section applies to once-off contracts with an overseas company. The contract will last for more than 10 months however. Does this make me an independent contractor?
Tax refund from using own transport?
Posted 13 July 2013
I have use my vehicle for official purposes in 2012 to 2013 and traveled 8553 km. Will l be get any refund or l will pay Extra?
Income in SA and paid overseas by SA company
Posted 13 July 2013
Hi Tim
Your service is very helpful thank you!
I am an SA permanent resident spending 3-4 months per year in SA.
I have rental income from property in SA paid into my SA bank account.
I am also paid as an independent contractor by an SA company directly into my overseas bank account.
On my tax return:
I will claim the SA rental income and expenses.
Do I also declare the other income as foreign income with the associated overseas tax paid on it?...
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Can your mobile logbook only be used if Tim does my tax return?
Posted 12 July 2013
I have already done my tax return sars only requires my logbook, however for future use the mobile app seems better to use?
Requirement To Submit Supporting Documents to SARS?
Posted 12 July 2013
Hi Tim
Nice site btw!!!
I have submitted my second version of ITR12 documents (Version 1 I accidently clicked file instead of save ...yes stupid me ). I was told in a nice love letter "Requirement To Submit Supporting Documents". So I submitted the same day all my logbook pages (so much fun) and got a letter of completion yesterday
My question is: Are they done with my returns and when can I expect return.Does the version 2 of ITR12 auto trigger the "Requirement To Submit Supporting Documents" and do I have to wait 90 days? ...
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What to hand in?
Posted 11 July 2013
What else should I hand in to accompany my IRP5?
If I have a fulltime job and do part time freelance work on the side how would I pay tax?
Posted 10 July 2013
I have a full time job and want to start doing some freelance work on the side but don't know how I would pay tax for both incomes. Do I need to register for provisional and non provisional tax? Will I need to submit tax forms for both or can I do them together as one tax form? Also if I don't do any freelance work for a few months do I still need to submit a return for that period?
Can I claim for the depreciation of my vehicle for which I get an allowance or is that included?
Posted 10 July 2013
I get an allowance of R48 000 p.a and I incured costs of R75 000 inlcusive of the lease payment for the vehicle in my name. I also incured personal expenses of R765 not recovered from the medical aid. The SARS calculator retuned R9885. I dont think thats right.
I am a freelance pilot, can I claim the cost of renewing my pilots licence ?
Posted 9 July 2013
or keeping them current if not used for a certain no of hours per year, as I have more than one? These are requirements from the CIA
SARS Return Status.
Posted 5 July 2013
What does a SARS status of "Return - Data submitted to ITS" mean. I already have a ITSA. Just wondering about the status.
What deduction can be claimed against income code 3713?
Posted 5 July 2013
What deduction can be claimed against income code 3713. What allowable expenses can be claimed by an individual if they earned R162 650 Code 3713 R37 106 Code 3606.....?
Commission earned for tax purposes?
Posted 5 July 2013
If I earn some commission in addition to my salary, can I claim my travel expenses and cellphone bills.
Reimbursive Travel Expenses -when is it taxable or non-taxable?
Posted 5 July 2013
My total reimbursive travel expenses are R13 802 for the 2013 tax year. My company rate is R4,30 p/km and I have received no travel allowances during the year. My IRP5 shows both 3072 R12 319 and 3073 R1 483. What code and amount should I put on my tax return?
Can I deduct car finance payments for tax purposes against a travel allowance?
Posted 5 July 2013
I do not lease a car, but I receive a car allowance. Can I deduct my car finance payments or the interest?
Extra income earned in addition to salaried employee?
Posted 4 July 2013
I am a salaried professional employee of a private practice however in my spare time I locum and consult independent of the private practice. It is not a substantial amount of money but how do I go about declaring it in eFiling - not sure where to put it? Also can I then use my professional registration fee as tax deductible?
I'm on a commission only based income - my income varies substantially monthly what should I be taxe
Posted 4 July 2013
One month I could earn R20,000.00 and the next month R5,000.00 I get no basic, allowances, pension, medical etc
How do I claim for buying a house?
Posted 4 July 2013
I am a freelancer in the film industry. I have been told that I can claim back for buying a house and renovating it. Is this true? I would also like to claim back for my car expenses. I have receipts for fuel and maintenance and my opening and closing kilometers for the tax year. I'm not sure how to fill in the log book though, do I need to fill in for each trip?
What is the tax implication if have use of a company car? and can I claim any deductions on my ITR12
Posted 4 July 2013
What is the tax implication if have use of a company car and can I claim any deductions on my tax return. Do I have to keep logbook?
When submitting return what documents do I need to have?
How do you apportion depreciation for a PC with both business and personal use?
Posted 3 July 2013
I bought a computer for my work (I'm a sole proprietor) and I believe that I have to apportion any depreciation I want to claim on it on my ITR12--although it is mostly used for work, I do use it a bit for non-business purposes as well.
Could you please tell me how I would calculate an apportionment like this and if I would have to have been keeping records of use for the computer?
Payslip
Posted 3 July 2013
I have a problem understanding my payslip. I am a freelance and earn only commissions.
I dont know what to claim of my income tax;
My payslip consist of:
- Total earnings : 7500
- total company contributions : xxx
- taxable earnings : xxx (what does that mean)
- tax : xxx
- total deductions : xxx
- net salary : xxx
What is tax and total deductions? Those two amounts sometimes differs and sometimes are the same. As I am a freelance and work by ...
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Cellphone depreciation?
Posted 3 July 2013
What supporting documents do I need to add if I claim for cellphone depreciation. If I use my phone for mainly business but I pay for the contract not my employer?
May I claim my km to and from work if I get a travel allowance?
Posted 2 July 2013
I only use my car for business and to and from work.
Provident fund transfers to Retirement Annuity - are there tax implications?
Posted 2 July 2013
I had a Provident Fund with my previous employer, I changed jobs in November 2012 and transferred the funds from the Provident Fund into a Retirement Annuity. I contributed towards the Retirement Annuity in my own capacity from November 2012 - February 2013. When asked to enter a Retirement Annuity contribution for the 2013 tax year, do I only need to enter the amount contributed from November 2012 - Feb 2013 or does the RA contribution amount also need to include the funds transferred from the ...
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Medical Aid Monthly Contribution VS Tax Credit on Medical Aid?? How to deduct?
Posted 2 July 2013
Hi Tax Tim
Great website, very helpful over the last couple of months.
I am busy filling in my ITR12, and I have a lot of deductions, ie depreciation etc, but when I enter my medical aid contributions, (paid by myself, R 1900 per month), and I calculate my tax return, it shows in the 4008 field R0.00. Please advise how to make this amount come in to account and how does the new tax credit work in my case? Lastly, re-imbursive travel expenses, how do I deduct this? I travel some times f...
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Should I have proof of out of pocket medical expenses?
Posted 2 July 2013
I didn't keep any invoices for my out of pocket medical expenses, can I still claim on them?
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