Tax Q&A
Audit from SARS? How Long?
How long can I wait for my tax get paid out when they send it for audit? Please read ur blog on the Audit verification procedurePlease also read up on Why
Read moreWhere does the IT/IB 3(c) &(b) forms go on tax return?
I have 2 satrix investment plans, how and where do I input the IT3(c) and IT3(B) Income Tax forms received from Satrix? IT3(c) - you would input the procee
Read moreTravel allowance - deemed vs actual cost for commission earner
I am a SARS commission earner. I would like to claim back the use of my vehicle to earn commission. I have a detailed logbook. Where and how do I claim these
Read moreHow much do I pay tax if my business has made less than R10000 profit
I have cash loan business,and I only made R2000 of profit due to bad payers. So how much should I pay to SARS? Do you operate as a sole proprietor or have
Read moreVehicle logbook trips to and from work / home
My biggest problem is with a vehicle log book. Does the Vehicle App explain to you what mileage you are allowed to calculate: e.g. if you work from home and
Read moreTax implications on dread disease payout
With a Dread disease policy payout, will I have to pay tax on the amount paid out to me? No you will not, this amount will be free of tax. Thank you
Read moreRetirement annuity contribution from previous year
I paid a lump sum into a retirement annuity investment in Feb 2014. I forgot to include any of it on my Feb 2014 tax return. There are no further contribution
Read moreWhich TAX RETURN must I fill out, when doing contract work.
When a taxpayer is doing contract work for a company, what tax return must one fill out? You would still complete a normal ITR12. Please Register for TaxTi
Read moreHavent submitted tax returns
I havent submitted a tax return for last 3 years. I have my IRP5's. Help what must I do and are there penalties. I also have just opened a sole prop and need
Read moreSARS wants me to submut income tax documents from 1991 to 2003. I dont have these. What can I do?
I filed my tax return on Friday 30 October 2015 and SARS said they are now using a new system and said the they need me to file tax returns from 1991-2003. I
Read moreWill SARS allow personal vehicle expenses as deductible if the vehicle is partly used for business?
I own 18 rental apartments which I am renting out. I will be retiring next year from my employment and concentrating on managing these properties and also doi
Read moreAudited, how long does it take to be paid out?
I have been audited and as this is the first time that it has happened to me, I have send through all documents that they requested. I was travelling away for
Read moreDoes it take long for SARS to tell if im getting my return or not as they went for auditing
I have sent my tax return to SARS on the 5th of October and was send for auditing for 3 weeks and still I hvent get a respond from them It can take up to 3
Read moreHow to obtain additional information regarding the the reassessment of your ITA34
After I have submitted my tax return, I received a letter to submit all my documentation. I've done this and now have received a revised ITA34, where the Inte
Read moreMedical scheme contributions paid by my deceased husband's employer
My deceased husband's employer still pays my full medical fund contribution. They do not issue an IRP5. My Medical Fund declares my contribution as R34460. My
Read moreSeverance package directive request
When apply for a directive for severance package do we need to submit it with the leave pay and bonus or do we only do the directive for the severance only?
Read moreMedical claim - proof of bills required?
Do I have to send medical expense bills to SARS? Only if the request them to be submitted as part of a verification/audit.
Read moreMedical aid - paid by employer and self
My employer paid my medical aid until August 2014 and I paid thereafter. How do I declare this on my tax return? You would show in the medical section the
Read moreForeign shares tax liability
I have shares in a foreign stock exchange. I've had the shares for more than 5 years. If I sell these shares what is my tax liability? The shares are worth R4
Read moreGift from someone in the UK, do I declare?
If I receive one hundred and twenty thousand as a gift from someone in the UK split up during the year do I need to declare this to SARS? I was only employed
Read moreTax on Foreign income - away for 30 months?
Im going to work in UAE, Abu Dhabi for 30 months. Do I need to pay tax on or even declare my foreign income with SARS? Do you plan on spending any time in
Read moreMust wife's bank account interest be added to husband's interest?
I am not employed. I have a savings account in which we save. Do we add the interest earned from this account to my husband's interest from his bank accounts?
Read moreUnfiled taxes
I have not filed a tax return for three years even thou I have been employed and did previous tax returns however I do earn below the 350 000 threshold. What
Read moreIs it possible to re-submit my 2013 tax return?
Is it possible for me to re-submit my 2013 tax return cause I have been overcharged due to the following documents not submitted, medical certificate and reti
Read moreTax calculation on a lumpsum?
GEPF LUMP SUM TAX ON R 2396808 52 YEARS Retire on 31/03/2016 Please make use of our Lump sum calculator to work out how much tax you will pay.
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