Medical Posts in Tax Q&A

Spiritual Counseling outside of medical aid



As a Spiritual Counselor who has a BA in Counselling, but who is not registered as a health care professional with medical aids, as it is more a spiritual than medical. I have clients who would like to know if they can add my receipts to their tax claims at the end of the year. When the Spiritual Counselling was removed from the medical claims alot of clients do not want to go to conventional psychologists, but prefer continuing with me. Can they claim from SARS like their fuel log books? Is there a way so that clients can claim tax returns? ...

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Are you taxed on medical benefits from employer?



1. I would like to know if the medical aid contribution benefit from the employer is also taxable?
2. Are you taxed on salary or total earnings?
3. When does the tax period start and end?

SARS mistake or are refunds done per assessment



I was audited and asked to submit supporting docs for logbooks, vehicle ownership/invoices and medical expenses. My assessment was calculated at R49k refund initially. When submitting medical exp I realized I had entered some expenses incorrectly so made changes to the ITR12. This resulted in a refund of R58k. In the new assessment SARS deducted the R49k under source code 4102 in the line "Previous Assessment Results", with net refund of R9k. Will my refund be both assessments ie R59k or are the...

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What is the PAYE on my salary?



Tax payer is turning 65 during 2017 tax year end. Employer pays 3% provident fund and employee pays 6% per month. Employer pays 50% of medical aid, employee pays 50%. Cash component is R35,500, provident is R2,136, paid and R1,068 by employer. Medical aid is R3,918 each way. Need to know what tax to be paid per month?

What are the SARS obligations and benefits for a taxpayer aged 74 years for the 2015/2016 tax year?



With regards to your post of 23 July 2012, about retirees aged 65 years and older: have there been any changes since then in SARS requirements for tax returns for the 2015/2016 tax year, or not? What benefits can such a taxpayer expect? What is the taxable threshold for a taxpayer 74 years of age (turning 75 in June 2016)? Where do donations fit into all of this?
1. Main source for living expenses is interest income. 2. Medical aid premium is paid by the retiree in full, in addition to medical expenses which go beyond medical aid benefits. ...

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Are bond initiation fees, legal fees and valuation fees deductible for tax?



Hi, I have registered as a provisional tax payer and did my tax return in August. My rental expenses (levies, interest and taxes) are greater than my rental income I earn. Do I still need to file the provisional tax payer tax return now and see if any payments are due?

I have paid for your services for my personal income tax, but haven't received any of my tax information yet (for investments, medical aid etc). Must I just wait until those all come later in the year and send them thro...

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Medical Aid and Pension contributions on IRP5



I struggle to understand how the (The total deduction - code 4497 on IRP5) is calculated. I have a medical aid fund, pension fund and retirement annuity. My employer (the church) is contributing to all three of these funds. This question is for the 2016/2017 tax year with the new T-day implications. In the income section, the following IRP5 codes are used. (This I understand)
3810 - Medical aid benefit
3817 - Pension fund fringe benefit
3828 - RA fringe benefit

In the deductions/contribution section. These are the only items Payroll shows. ...

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MEDICAL TAX REBATE REFUND



IF YOUR PAYE CONTRIBUTIONS EXCEED THE TAX PAYABLE WHICH MEANS YOU ARE DUE A REFUND DOES THE ANNUAL TAX CREDIT R257 PER MONTH TIMES 2(taxpayer and spouse) times 12 ( R6168) INCREASE YOUR REFUND FROM SARS?

Meaning of medical aid 4005?



What does medical aid source code 4005 mean?

SARS, bitcoin wallets and disbursement of BTC funds



However, there are a number of issues that I cannot get to grips with regarding the storage of BTC in a wallet and the further use of BTC outside the fiat system:

1) If I moved my BTC to a wallet provider outside of SA (blockchain, based in Luxembourg but servicing globally) does SARS see this as an offshore transaction? as:
a) The wallet provider is not a registered global institution as such. b) No interest is accumulated to this wallet / amount, so no income is generated.
...

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Tax rebate for medical aid when not the main member



I currently am paying medical aid for myself, wife and child however I am not the main member, it is my wife, I currently deposit funds into her account for the deductions. She is currently unemployed and does not claim for tax. This was the only way to come off the company medical aid as they were too expensive

I wanted to know if I can claim this as I am paying for the medical aid just that its not on my name, I am the dependent and she is the main member. Further more we are marri...

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Tax relief for Medical Aid



I only realised this month (March) that I was due a tax (PAYE) relief due to a Medical Aid Fund, which was initiated in July last year. Would it be possible to claim the relief even though the PAYE period is closed?

Medical rebate calculation not done unless claims exceed 7.5% of taxable income?



Would it be correct to assume it is not worth doing the calculation for medical rebate if the amount paid out of your own pocket for medical services is less than 7. 5% of your taxable income?

Outstanding tax returns and arrears for commission earner



I have outstanding tax returns for 2012/2014/2015 and the subsequent penalties outstanding PLUS an arrears amount of just short of R20 000. I am registered for e-filing but find expenses I can claim for and their relevant codes very confusing so have saved the tax returns without any expenses claimed. I am a commission only earner in property sales and have IRP5's for the relevant periods. I have not kept a log book for petrol and kms but have slips for petrol, car expenses, data costs, client ...

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Refund from SARS confirmed but not paid yet. How does SARS calculate refund on med expenses?



I submitted my tax return through SARS eFiling on 20/11/2015 and it was confirmed that I am entitled to a refund but has not been paid yet. I only claimed for expenses listed on my medical aid IRP5 not covered by my medical aid so there was no strange claims made. However, if I remember correctly, the initial tax return after I submitted was the amount for those medical expenses but when I checked the status of that tax return now, It was almost R200 less. This also happened with my 2014 tax return!...

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What is an IRP5 and what documents do I need to submit a tax return?



What is an IRP5? I worked last year for seven months and my salary before tax was R16777. I have never submitted a tax return before and am pretty sure I am under the threshold but I want a refund, but have no idea what to do. I didn't receive medical aid or any benefits. Please help.

Old tax certificate



How can I get my tax certificate for the period of 2010-2011. I am no longer in a medical scheme

Tax on medical aid paid by the employer



If a company pays medical aid on behalf of an employee, what are the tax implications on both the employer and employee?

Can I claim anything for supporting disabled ex wife



I am divorced and pay 30% of salary as support to a disabled ex wife. She is on my medical aid and I get some benefit for that. This is spousal support due to her being unable to work, backed up by court order. Is there nothing I can claim to make burden less on me financially?

17 200 of 18 %



How much would my PAYE be (per month) if I have a gross salary of R17 500, less pension of R300, medical aid R600 and UIF of R 148,72

Tax refund for casual worker



I'm working at a season job that will end next week. I will have been working for 13 weeks and paid about R8000 in taxes. I'm being taxed each week. The rest of the year I don`t get any income that means I don`t have work. I would like to know if I can claim my tax back. I `m under the threshold and I do have a tax number. I don't have pension, policies or a medical aid in my name.

Business runs at a loss - do I need to submit provisional tax return?



Another question - what if the business has run at a loss? It's a medical practice, and turns out many of my claims will only be processed in March 2016 i.e Next tax year. That means my total income for the business so far has been R30 000, with expenses totalling R50 000. Surely I don't have to submit a provisional tax return?

Medical expenses but no Medical insurance



If you are self employed and do not pay for medical insurance and pay out of pocket for all medical expenses can you still deduct these?

IRP6: Additional Medical Expense Tax Credit & Taxable Income vs Turnover



I've got 2 questions for my IRP6 form for tax year ending Feb 2016:

I am: provisional tax payer; and an individual - no dependents. 1. Is my taxable income the same as my turnover if I don't have any other deductions?

2. Is the amount that I enter into the Additional Medical Expense Tax Credit field literally all the medical expenses that I incurred in the period, which were not covered by Medical Aid?

Contribution to ex-wife maintenance for children tax deductible?



Are contributions to non-working ex-wife's medical aid as part of child maintenance agreement deductible, she is the main member.
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