Tax Q&A

Out of pocket medical expense of R3920. Will that help my refund?

Out of pocket medical expense of R3920. Will that help my refund? I have no medical aid. Please make use of our Medical Tax Credits Calculator to work ou

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Tax on allowance for laptop?

Is there tax on laptop allowance? Yes, this is added to your salary and taxed per the tax tables. Please Register for TaxTim and let us assist you to compl

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Nedbank IT3(b) - which figure do I use?

Hi, on my Nedbank IT3(b) certificate they have 3 figures for interest (Interest, Net Amount Paid and Net Amount Accrued). Which one must I declare to SARS ?

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Need IRP5 from insolvent employer?

I want to get my IRP5 from previous employer for 2012 tax year, but that particular company has gone insolvent, so I have no way of getting relevant informati

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Does the employer and employee both pay PAYE?

Is PAYE deducted to both the employer and employee? In the books of the employer is it 2x like the UIF or any other contributions? No, PAYE is deducted fro

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Why do I have to pay R199 ?

Why must I pay R199 to make tax returns? We are an independent tax assistance service and charge for our submission services. You can make use of the alter

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Business Expenses - categorisation

When declaring tax for my business I'm finding it hard to fit my business expenses into one of the SARS categories. My expenses for the web hosting business mo

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Is Occupational Interest received declared as interest or as rental income on your tax return?

Is Occupational Interest received declared as interest or as rental income on your tax return? Do you mean occupational rent? In the Offer to Purchase i

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IRP 6 (3) - TOP UP TAX FORM

Does your Provisional Tax Product include the IRP 6 (3) which I understand is the form required for the 'top-up' tax? We have found the form which can be downlo

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No submission for three previous years

What happens when you haven't submitted tax returns for more then 3 years? You need to file as soon as possible, SARS could penalise you. You can make use

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Meaning of audit?

What do they mean by saying I'm being selected for audit or verification? It means they want to check the information on your tax return against the docume

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What if my 180 days does not line up with a tax year? When do I submit the 180 days out of SA?

If I work for more than 183 days outside SA, but my 12 consecutive months does not line up with a specific tax year. Say the last month fall in the next tax y

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Out of pocket medical expenses deductions not showing on assessment

I have completed my tax return via SARS eFiling and entered R10,200 rand worth of out of pocket medical expenses. When I click on "calculate" results I don't

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Can financial derivative gains be declared on the ITR12

I earned income using financial derivatives during the 2014/2015 tax year. I was not registered as a provisional tax payer. Can I declare my income on the ITR

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Married couple rental income

Regarding rental income as a married couple married outside of communion, do I list it as a partnership with 50 percent share or do I enter only half of the i

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Are medical aid details compulsory if below tax threshold?

Do I have to fill in medical aid details if my income is below threshold and I know I will not receive any money back? No you do not need to, there won't b

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For rebates which are apportioned for year of death, do you include the day the person died?

For rebates which are apportioned for year of death, do you include the day the person died? Yes you will, but SARS will work this out on assessment.

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Can I offset my rent paid against my rental income derived?

I own an apartment that I let out. However I also rent an apartment for me to live in. Can I offset my rental expense against my rental income on my primary r

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I have no IRP5

What can I do if I don't have an IRP5? You need to ask your employer for this, they must provide this to you.

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Medical aid supporting documents

SARS requested supporting documentation with reference to my medical expenses. Are you required to have the actual claims and payment receipts for medical exp

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Declaring Dual listed company dividends

I own Richemont and Billiton shares that are dual listed on the JSE. On my IT3b:- Richemont dividends are shown as "foreign dividends" and 35% tax is deducted

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Provisional tax payer - yes or no?

I'm submitting tax as a normal tax payer (not provisional) as I am a salaried employee and I don't believe my business rental income exceeds R30k. Must I re

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Medical Gap Cover - claimable

I changed from a medical aid with gap cover to a hospital plan with gap cover. I don't have the gap cover tax certificate nor the expenses we paid cash for wh

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Travel expenditure claimable?

I am contracted out from my company where I am employed as a permanent employee. I have realised that I should have a travel allowance as I should be able to

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Tax benefit for working in a non-profit organisation

I work for a global non-profit organisation. I am based in South Africa and my letter of employment is aligned with SA employment regulations and taxes. Are t

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