Tax Q&A

How do I reflect income on my tax return from an additional job which I don't have an IRP5 for?

I have an IRP5 for my full time job but I did a few hours of consulting (around 30 hours in total) at weekends which I personally invoiced for. How do I refle

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Completion Letter from SARS received

Just received the below from SARS. Does this mean everything is complete now? Original letter that I received requested I send supporting documentation - which

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Gross Salary earned with no deduction?

My employer only pays my salary on a gross basis, and does not deduct tax off my salary every month. He also hasn't given me an IRP5. How would I submit a tax

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Commission UIF?

My partner and I have a CC business. We don't earn a set salary, we are commission only earners. It is just the 2 of us in the company. Do we have to pay UIF?

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My refund money that SARS owe me?

I already submitted my tax and they told me after 21 working days ill receive my refund money to be deposit in my bank. I want to now tomorrow is 21 days if i

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Does Pension Lump Sum Income get added to Normal Income for determining tax liability?

Do you get taxed twice when withdrawing early before age 65 from a pension fund? So the first tax is when the tax directive is issued by SARS, and then the se

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Can SARS go back on their policy even though dyslexia is clearly on their list of disabilities?

In my 2014 tax return I submitted all sorts of forms proving that my daughter is dyslexic and has to attend an expensive school which accommodates her learnin

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Are medical-expenses tax deductible if you do not have a medical aid?

I just wanted to find out; I had one or two medical expenses that I needed to pay in the previous financial year, but I do not have a medical-aid... Would I b

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Documentation for provisional tax return?

What documents are needed by TaxTim to complete provisional tax return? We will not require documents, go through the questions and answer them for guidanc

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Tax returns for 2007 needed

My tax have been submitted 13/8/2015 and they asked to supply a logbook which I did. My tax for 2014 was not done and have submitted those aswell. My 2015 tax

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Taxes for a dormant company

Sometime last year I registered a company, but it has basically been dormant and I only pay the -R60 into my FNB business account every month to cover the fe

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Tax on local based foreign currency accounts

How is tax caculated on a local foreign currency account. Example: Savings of $100. Worth R1000 but worth R1200 due to currency changes at end of year. And al

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Can I claim for medical aid expenses for my mum that I pay ?

I pay for my own medical aid for myself and 3 dependants. I also pay for my pensioner mum and disabled brothers medical aid. I put them onto a separate medica

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Deduction in returns

For an unemployed person that has a savings account and receives interest on credit balance and has an investment property that is being let and no other inco

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Foreign income - how to declare?

Hi guys. I spent most of last year in the United States on an academic exchange program. I received a stipend from the US Government and they filed a tax retu

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What is the advantage/disadvantage of carrying over a loss?

What is the advantage/disadvantage of carrying over a loss? What does SARS mean by "ring fencing" this profit/ loss? What type of business do you r

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Tax return shows minus amount on it

Hey Tim I did my tax return and got a message says - minus an amount does that mean SARS needs to refund me? Yes, a negative number indicates that a refund

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Rectify a 2009 tax return. No IRP5s

I was told that I had a 2009 tax return outstanding. The issue is that the company I worked for (Production company) never provided me with an IRP5. 6 years l

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Why have I not received money from SARS yet?

What do is mean when text message reads as follow : tape assesment: original amount -4000. 00 due to you.... Date of payment 1st 01/09/2015... 2nd 30/09/2015.

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Can I claim tax back on extra expenses related to my job?

Say I am a teacher. A lot of teachers use their after-tax salary to pay for paper, pens, printing (etc) for school purposes. Is there a way to claim tax back

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Foreign - Taxed dividends

I have a IT3b from Satrix. Under "Dividend Income" there are a items listed "Foreign - Taxed" and "Foreign - Taxed (Dual Listed)". Do

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VAT returns duplicated (manual and efiling)

Hi. I recently did the VAT tax returns for a trust that is an NGO. There were many outstanding tax returns as far back as 2008. I did not know that there had

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Can an affidavit be summited if its too costly to obtain a 3 year bank statement

Hiplease advice.. An auditor phoned me this morning to submit a 3 year bank statement for supporting documents since I submitted tax returns for 2013,2014 and

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Would he able to apply for a portion of the exemtion for being out the country for 60 days

I have a client who was out the country from October 2014-December 2014-although his contract is from Oct 2014-Oct 2015 he completed his 66 consecutive days o

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When to hear from SARS after ITSA

I have done my tax via eFiling and SARS requested extra documents which I did send. I then logged on again and saw an ITSA and since they have removed the ITS

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