When can I expect the money in my account?

  Written by Marc   Posted 27 November 2015

I've submitted my tax refund on the 19th Nov and on the 23rd I went back to SARS to fix my banking details. How much time it takes for me to get the money?

Provisional Tax Payer and not a Individual

  Written by Marc   Posted 27 November 2015

I'm about to do my first tax return, I'm registered as Individual tax payer but have been doing freelance work on an invoice basis. I did not realise that in this case I would need to be registered as a provisional tax payer instead. Am I correct in saying that I should be registered as a provisional tax payer?

How do I proceed from here?
- I should have done two IRP6's and made payments. - Then I should also do a ITR12, which is then only due in January 2016
What do I do regarding the outstanding IRP6's?...

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I want to declare a new income source.

  Written by Marc   Posted 27 November 2015

I want to declare income this year for the first time. Network marketing income. I already earned it in previous tax years but did not declare it. Will this be a problem?

Rebate on travel allowance

  Written by Marc   Posted 27 November 2015

How can I calculate what to expect on tax return rebate for travel allowance?

Can a director claim cell phone exp if there's no comm on IRP5?

  Written by Marc   Posted 27 November 2015

If you are a director of a company but you didn't earn commission on your IRP5, can you claim for cell phone expenses?

How do I varify banking details for a refund if I no longer live in SA

  Written by Marc   Posted 27 November 2015

SARS has requested me to varify my banking details for a tax refund, I no longer live in SA and do not have a local address. Is there some other way I can do this, I still have an bank account in SA and I am still a citizen.

UIF benefits, where to capture?

  Written by Evan   Posted 27 November 2015

Morning Tax Tim,
In 2014 I claimed UIF benefits. Where do I capture this on the ITR12?

Tax on interest only, no other income

  Written by Marc   Posted 26 November 2015

I am a non working wife, married out of community of property. I am not working
I am 55 years old
I have just received R2 000 000. 00 and have invested it in the bank
I receive monthly interest of R10 000 per month, this is my only income. Must I register to pay tax?
What will the monthly tax amount be?

Can wear and tear allowances be claimed on tents used for entertainments purposes?

  Written by Marc   Posted 26 November 2015

A company bought tents for cover for their rooftop garden, which is used for entertainment purposes. Can wear and tear allowances be claimed thereon and what type of asset would it be classified as per Interpretation Note 47?

Claiming a living out allowance

  Written by Marc   Posted 26 November 2015

I do consulting work from time to time which means that I am away from home for several months at a time. With my past contracts the employment agency has arranged that I receive part of my package as a subsistence allowance which is non taxable. The present agency, however, will only give me a housing allowance instead of a subsistence allowance. I believe a housing allowance is taxable. Is there some other way I can claim my living out expenses from SARS?

Can I still claim tax on this

  Written by Marc   Posted 26 November 2015

I worked in the film industry and paid tax a while ago but never claimed any tax?

Not submitted returns since 2013

  Written by Marc   Posted 26 November 2015

I lost my job in August 2013 and I did not submit my tax returns. Can I still submit or are there any penalties imposed or is not necessary?

How do I get a Tax recalculation?

  Written by Marc   Posted 26 November 2015

I erroneously declared company Travelling in my 2015 tax returns, when I have Travelling allowance. How do I rectify this?

Sole proprietor can you claim startup cost and amount paid for business

  Written by Marc   Posted 26 November 2015

If you've bought a new business and you are a sole proprietor where can one complete the amount paid for the business?

I am due a refund but I don't have a 2012 tax return as I was studying full time.

  Written by Marc   Posted 26 November 2015

Hi there. I'm due a refund from SARS but it might be withheld as I did not submit a return in 2012. I wasn't working in 2012 as I was studying full time. Please advise what I need to do in order to ensure all my tax returns are up to date? Thanks

Is UIF levied on commission earners?

  Written by Marc   Posted 26 November 2015

Hi. Does commission earners pay UIF and if so, how much is deducted. The commissions payable is under R6000 per month. Does the employer deduct UIF on amounts below R6000?

If an expat individual salary processed in feb will the tax deducted for entire year or only feb

  Written by Marc   Posted 26 November 2015

If I have landed in South Africa on 20th of Jan 2016 and my salary for Feb 2016 is processed in South Africa. The tax would be deducted only for the month of Feb or for entire financial year that includes previous months wherein I was not part of SA.

Can I claim for med. Aid monthly contributions?

  Written by Marc   Posted 26 November 2015

Am I allowed to claim against my monthly contribution to my medical aid even if my company pays its portion?

Provisional tax once off situation?

  Written by Marc   Posted 26 November 2015

In the 2015 tax season my employer paid me my full salary and did not subtract PAYE. This was the case for 3 months. I did not get an IRP5 for that period. I know that I need to pay that tax portion How do I declare that to SARS? And avoid becoming a provisional tax payer

Do I get money from SARS?

  Written by Marc   Posted 26 November 2015

How do I know I got money at SARS

SARS code 3702 not being taxed

  Written by Marc   Posted 25 November 2015

Good day. I have codes 3701 and 3702 on my IRP5. I claim more then the SARS rate due to the fact that our rate includes fuel, maintenance, capital, insurance and depreciation. I was told by SARS the employer is not taxing the 3702 reimbursement. I now owe SARS. How do one correct such a scenario not to owe monies at assessment. Thank you
Regards

Car expense claims as a full commission earner

  Written by Marc   Posted 25 November 2015

I started as an estate agent and I have not kept records of my mileage and the car is paid up, what can I claim as a vehicle expense and depreciation

Mileage claims

  Written by Marc   Posted 25 November 2015

Good day, i work on the road every day and get my mileage paid to me monthly separate from my salary and don't get taxed on it. What do I need to submit my taxes?

How are personal assets to be valued? Personal assets given or donated to you?

  Written by Evan   Posted 25 November 2015

Am I correct in understanding that the valuation of personal assets is at cost price? What about personal assets that you have received as personal gifts/donations over say 10 yrs which in each year was under the annual exclusion rate. These assets have value yet cost is zero as they were given freely & gratis. How will/would SARs see this in an event of an Audit and a Home inspection?

Work done for previous employer after hours

  Written by Marc   Posted 25 November 2015

I have done some work for my previous employer after hours to assist until the new person is employed. We agreed upon a hourly rate. I must now be paid for these hours. What will be better for me:
1. To invoice the previous employer for the hours
Or
2. Let them pay me through their payroll as their employee?

What will the income tax implications be with both these options?
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