Allowable Deductions 2013- Medical Aid Taxable Income?

Posted 1 July 2013

I am trying to do the right thing by filing my return, but what I am getting is confusing. My total income is (3601- R555 184;3805- R75 694; 3810- R72 830; 3616- R8 175;3809- R500) = total 712 383.

When I complete my return and do a mock lation it shows I owe R1225,64. My medical aid tax credit (4116) is R9 216 - for 4 people. My question is why am I being levied R 217 093.20 (for R712 383) without any deductions especially for medcial aid contributions? There is rebate of R20 656 de...

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Hi Tim, I get travel reimbursement from my company at R3.24 per km traveled.

Posted 1 July 2013

The code on my IRP5 is 3703. Should I claim costs against this?

How to claim for km used and for own private vehicle use for work?

Posted 1 July 2013

The new information to create your personal income tax return now only give you a option "do you want to claim expenditure against the employer provided vehicle.

I have not kept a logbook but I can almost accurately estimate total business travel, what can I do?

Posted 1 July 2013

Travel allowance can you help with retrospective reconstruction of log book and how much is the service?

Can I claim my laptop for tax purposes?

Posted 28 June 2013

I did freelance work through my company, but it was paid in as my salary, so not recognized as freelance work and means I'm unable to claim any expenses. Can I claim the laptop I bought and used to work from home on as a business expense?

PAYE if I have 3 day a week permanent job and 3month contract with 2 days a week?

Posted 27 June 2013

If I work permanent 3 days a week get R5180 per month before tax, and a contract for 3 months 2 days a week at R6000 per month before tax. How will my tax work?

fringe benefit-conmpany provided vehicle

Posted 27 June 2013

Hi TaxTim,

I earn a basic and my commission is more than 50% of my annual basic. I sell luxury automobiles for a living.

I see on my IRP5 under "Income received "an amount of R65 000 "Use of Motor Vehicle" (PAYE)

Is there a specefic place where I insert this amount on my tax return?

I kept a logbook stipulating opening,closing KM'S, private and business KM'S

My company provides me with a company vehicle in order to sell and generate an income....

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2013/2013 allowable Commission expenses to be claimed

Posted 26 June 2013

Just want to make sure if the 50% rule is still in place regarding commission income? The same as 2011/2012? Meaning your Commission income must be 50% more than other income to claim any expenses against commission.



Independent Contractor...what can he claim?

What should I be taxed??

Posted 21 June 2013

I am currently working for a global company on a temp basis but working at least 40 hours a week. They have recently started taxing me 25%. I have read that this is only for individuals working 22 hours or less a week. how true is this ant what can I do??

How does reimbursive travel allowance - non-taxable work?

Posted 19 June 2013

How will the following effect my tax refund and where do I enter the amount : re-imbursive travel allowance non taxable?

VAT registration?

Posted 19 June 2013

I have just started a small business. What must my turnover be to register for VAT. Currently I am paying VAT on my purchases but not charging VAT on my sales.

What is the definition of a payment

Posted 18 June 2013

Does debt comparison constitutes the definition of a payment?What constitues a payment

How would I handle tax for freelance work?

Posted 17 June 2013

I've just started at a company doing part time work (22nd May). I get paid on an hourly basis, and the amount hours I work is up to me (very flexible - I am a student). I work about 120 hours a month which returns over R10 000 per month. Since it wont be a fixed amount every month (could be less, could be up to R16K), am I provisional tax payer? The first IRP6 is at the end of August, how would I go about handling this?

Would I be expected to pay 25% of all the income from June 2013- February 2014, on payment #2 IRP6 (February 2014)?...

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What is the log book format?

Posted 13 June 2013

Can you please let me know an acceptable format of log book for business travel?

Tax on commission?

Posted 13 June 2013

If I earn salary on commission only is there a tax directive and how much tax in percentage are my employer legally obliged to deduct from my commission?

How does tax work for freelancers and part time workers?

Posted 3 June 2013

I am a freelance photographer, part time lecturer at two colleges and I facilitate some photography short courses. How do I pay tax? What tax do I pay?

I want a percentage for a commission earner in a furniture store?

Posted 1 June 2013

I want to calculate my PAYE tax as I work as a freelancer in a furniture store.

How my tax do I pay if I start a business along with my regular job?

Posted 28 May 2013

I am employed full-time. How do I calculate the tax that I need to pay for the money I earn working freelance? And where do I pay it?

Re-reimbursement for company travel?

Posted 27 May 2013

Hi for the first time I am confused, I own my own car and last financial year I did about 18200 business km and 8100 private km my company refunds business travel at 2 rand a km I keep a log book but not receipts for fuel and repairs is there anything I can claim for?

Own Business Permit as Foreign National?

Posted 24 May 2013

I have just been granted a Life Partnership Visa with Own Business Permit. This will allow me to contract myself out to employers. What tax form do I fill in? What information is needed? How do I pay tax if I invoice a company? And will I be taxed the same as if I was employed by the company?

I am living in S.A. but soon to be paid from Australia. Just trying to work out my tax implications.

Posted 23 May 2013

I am living in S.A. and about to be paid approx R19000 p/m from Australia. This may be paid into my Australian account or S.A. account - haven't decided. I am trying to work out my tax implications in both countries. I am being paid as a contractor by the Australian company for work that I am doing here.

Is there an easier way of keeping track of kilometres for work?

Posted 22 May 2013

I keep forgetting to fill in my in my logbook.

Executive Director only received remuneration and bonus - how do his salary been tax?

Posted 22 May 2013

Does SARS seen the Director as a Provisional Tax Prac?How much paye will the Director pay on his SalaryAccording to Pastel Payroll they took his Estimated Annual Value into consideration when they worked out the Paye - is this correct?

How do I calculate fringe benefit tax on my vehicle?

Posted 21 May 2013

vehicle was purchased 2009 on hp, value including vat R433000.00 deposit R95000.00, financedamount R379000I use the car daily to go to work/home but am on clients sites most days for business.not sure how to work out paye monthly on this?rose

False Vat Number?

Posted 18 May 2013

Hi Tim, We used a False Vat Number but since then registered for VAT, we have amended all our invoices to the clients. What are the implications of using a temporary false vat number?

We have amended the invoices to not include vat until we get our VAT number, should we submit these to the clients and run the risk of having to pay back the VAT or should we wait till we receive our vat number and then re-submit the invoices with our new vat number on ? Please can you offer some advise ...

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