Can I claim back on disability for my child attending a remedial school?

Posted 3 December 2015

My child attends a remedial school which was recommended by a psychologist. Can I claim back on these fees as a disability?

Loan to Company to purchase goods

Posted 2 December 2015

I have a EME business and from time to time I use my private bank account to purchase items for orders I receive. When I then get paid by the customer I just transfer the money I loaned to the Business beck to my private account. Is that acceptable to SARS and what records must I keep?

Med Aid claims

Posted 2 December 2015

I am 74 years old. What out of my own pocket medical expenses can I claim?

Payment Periods

Posted 2 December 2015

With regard to Provisional Tax:When SARS refers to the periods 2016-01 and 2016-02 (see below) is SARS referring to the months i. E 2016-01 = January and 2016-02 as being February or are they referring to the two payment periods for Provisional Tax being February and August? Could you please explain. 5. 3 Provisional Tax Returns can only be requested for periods that fall within:
ï%u201A· The current period
ï%u201A· The current periods minus two periods
ï%u0192º Example: if the current period is 2016-01 and 2016-02, IRP6 forms can be requested for the periods 2015-02 and 2015-01. ï%u201A· The current periods plus one period...

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Tax for a full time student employed full time.

Posted 1 December 2015

Hello Tim,
If I earn R8000 per month and are registered as a full time student but also employed full time and at a permanent post at my employer what will my tax be per month?

Does provisional income/ capital gains count towards income iro RA contributions?

Posted 1 December 2015

I own a business and I draw a standard non- pensionable salary of R1 440 000 (120K p/m). I pay R360k (30k p/m)to an RA. Which means I actually don't earn enough to achieve the max tax destructibility for my RA. However this year for the first time I have other income from share sales (my share trading G&L statement currently reflects a gain of 264K). Will this income add to the non-pensionable salary above and thereby reduce the disallowed portion of the RA Contribution?

Will I be penalized for not filling in a tax return for last year and this current year

Posted 1 December 2015

I have been working for 2 years now, I started 3 December 2013 and I never filled in a tax return before. I only became a permanent employee 1 April 2015 and only then started contributing towards a medical aid and pension fund. I have missed the 27/11/2015 tax return deadline. I am not sure how this whole process works. Will I be penalized for not filling in a tax return for last year and this current year. I will be more than happy to pay for your services. Regards

Medical rebate not given by SARS

Posted 1 December 2015

My company paid medical premium for me for the period 1st Mar 2014 to Feb 2015. For first half of the year it was with one medical vendor and then for the second year it was with a another medical vendor. I filed my IT tax returns on time. I got an additional assessment wherein SARS has not taken one medical vendor and I stand to lose out around R5000. How should I dispute and in the notice of objection form where do I fill the exact details as it is asking for source code?

Why is it taking so long to receive the pay out, is there something I missed ?

Posted 1 December 2015

I submitted my tax return via SARS eFiling and received the ITA34 - and notifications saying that SARS owes me. I submitted the tax return on the 25th. People have been saying it takes between 2-3 days to receive a pay out and SARS sends a sms or email to say when the money will be paid. How come I have not heard anything yet?

How much will I get from a salary of R2361 in a year

Posted 1 December 2015

I want to know how long it takes to get ur income tax return and how much will it be if my salary is R2361 a month?

Can I get my refund even if I submitted my returns late?

Posted 1 December 2015

I submitted my tax returns late and the tax calculator showed that I have a refund. Will I still get the refund even when I submitted late?

Does Base Cost include interest over time?

Posted 1 December 2015

I am selling a rental house. Will the interest on my bond over the period of ownership be part of the base cost?

Is it a must to register at SARS?

Posted 30 November 2015

Is it a must that each and every person must register to SARS when they are employed?

Can employer deduct medical tax credits from employees tax but the employee is paying the medical ai

Posted 30 November 2015

Employer pays a basic salary to employee of R28 000,00 per month. There is no fringe benefits. Employee pays a medical aid scheme for himself his wife and 4 children. Employee shows proof of his medical aid to employer. Can employer deduct the medical tax credit of R1264 from the monthly employees tax. That is R5171 less 1264 =R3907. And then when doing the employers recon the IRP5 will only have the earnings of R336000,00 (under the 3601) and employees tax R46884 and no other codes except for u...

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Move from a Tax Consultant

Posted 30 November 2015

I am at present using a tax consultant. How do I transfer to doing my own tax return with the help of Tax Tim?

They have all my records etc.

I would like to know what is IRP5 is?

Posted 30 November 2015

I just want to know what is IRP 5 CERTIFICATE FOR LUMSPSUM. Ian if the say gross lumpsum is 7500 what that means. Can I get the best explanation please. Thnx

Out of pocket medical expense for dentist.

Posted 30 November 2015

I'm 25 years old, my annual income is approximately R264000 and I'm also paying my own medical aid at a rate of R1710 p/m with no other dependents. I'm considering the possibility of having severe dental work done on my teeth that will be a R150000 out of pocket medical expense. How much of this will I be able to claim back from tax?

What do I expect from a mixture of employment and individual contractor at end of tax year?

Posted 30 November 2015

I was an employee up to 31 October 2015, then I resigned to work for another institution as an individual contractor. I am rated hourly and paid according to hours worked for the month. The institution deducts income tax from total income. What do expect at end of tax year?

As far as I know over the counter medical expenses cannot be claimed

Posted 30 November 2015

As far as I know over the counter medical expenses cannot be claimed, unless it is on doctor's prescription. You say I may claim it?

Tax on Rental Income

Posted 30 November 2015

Dear Sir/Madam

I am South African, but living and working in Kuwait. Back in Durban I own 2 properties which are rented out to tenants. Property 1 - rental income is R6200. 00 pm, monthly bond is R3500. 00, rates is R1600, monthly levy is R850. 00. Property 2 - rental income is R4500. 00, bond is R3550. 00 pm, rates is R350. 00, Levy is R700. 00. I have no other source of income in SA. Do I pay tax to SARS?

I was a registered tax payer whilst I worked in SA. But no longer....

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Do I have to spend 63 days out of the country before 28 February 2016 to not pay tax?

Posted 30 November 2015

I live and work in Malta but travel back to South Africa frequently. I did not have to pay tax for the 2015 tax year because I did 63 days out of the country starting in March 2014 and spent the relevant amount of time not in SA. In 2015 I incorrectly assumed that a day spent in transit did not count, but because in OR TAMBO you have to enter with your passport, I have not done 63 days for the 2016 tax year. Do I have to do 63 days out of SA before 28 February 2016? I read somewhere that the mon...

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Completion Letter

Posted 29 November 2015

I was selected for audit. I have been waiting for more than 21 days now. I received a letter yesterday in my SARS eFiling profile - completion letter what is going to happen now.

I am a commission earner and earned R 486 342 but my tax assessment states that I owe SARS R2327719

Posted 28 November 2015

I am an estate agent, I've submit my tax returns and have received a shocking assessment of R2,327,719. 96
I earned R486 342,00 in commission from selling property. I suspect I might have made an error where I was asked about turnover and I put the value of the properties that I sold which is about R7,000,000 and am afraid SARS wants to tax me on that whereas I only received and average commission of about 5%. Kindly advise how I rectify this.

No IRP5 being delivered

Posted 27 November 2015

One of my previous employers refuses to send an IRP5 (they claim their submissions aren't balancing, I suspect they haven't being paying our tax), the cut off is tomorrow and I now don't have an IRP5 to submit for part of the year. I can't get an affidavit as I don't live in the country anymore. How do I go about this?

Under which heading can business expenses be claimed eg rates

Posted 27 November 2015

Under which heading can business expenses be claimed eg rates
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